Automatic Shot Blasting Market Expected to Reach $1.2 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Automatic Shot Blasting Market," The automatic shot blasting market size was valued at $753.30 million in 2021, and is estimated to reach $1.2 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

The automatic shot blasting machine performs total operation automatically with the help of programmable logic controller (PLC) and software installation. The excess material and surface containment are removed using the automatic shot blasting machine. Machines are commonly used in industries such as rail, automotive, aerospace, foundry, construction, metals, and shipbuilding. Generally, these machines are custom-built according to customer requirements.

The shot blasting machines are used by original equipment manufacturers (OEMs) and aftermarket sales organizations in the automotive industry to strengthen, polish, and clean various metal surfaces. A significant issue in the automotive industry is corrosion. It adversely affects the physical attributes, of several parts including strength. There are several industries that require high-quality finishing supplies. The need for diverse construction materials has increased along with the growth of the global population.

The development of the infrastructure required for affordable housing is a priority for several governments. According to the Association of Equipment Manufacturers, the residential sector was anticipated to make a significant contribution to the forecasted 4.5% value growth of the construction industry in 2022. Heavy construction equipment will become more essential as construction activity increases in both developed and emerging countries. These factors drive the automatic shot blasting market growth.

Steel and silicon are widely utilized in the construction of automatic shot blasting equipment due to their high strength. This makes it difficult for market participants to sustain profitability and create budgets when steel and silicon prices change. For instance, since March 2020, the cost of steel in the U.S. has increased by more than 215%, to $1,825. Prior to that, starting in at least 2017, the cost of steel was in the $500–$800 range. In addition, silicon metal costs have doubled since COVID-19.

These alterations are significantly limiting the market expansion for automatic shot blasting machines. In addition, the outbreak of COVID-19 has led to a halt in logistic and manufacturing activities across the globe, which, in turn, has led to the interruption of the supply chain, hindering growth of the automatic shot blasting industry. However, this situation is expected to improve as there is a relaxation of norms around the world by governments for resuming business activities.

Each industrial machine is manufactured as industrial technology expands and advances. For instance, in March 2022 Wheelabrator unveiled a brand-new digital tool that tracks and displays the overall performance of a shot-blast machine. It aids operators in identifying issues and obstacles that prohibit blast machines from performing at their best.

Fabricators may now execute several tasks using a single piece of equipment due to this. These technological advancements are anticipated to open up profitable opportunities for the development of autonomous shot blasting machinery. The market is segmented on the basis of product type, business type, end-user industry, and region. On the basis of product type, the market is divided into hanger type, tumblast machine, continuous through-feed, rotary table, and others. On the basis of business type, the market is bifurcated into new sales, and aftermarket.

On the basis of the end-user industry, the market is divided into construction, automotive, metalworking, aerospace, shipbuilding, and others. On the basis of region, the automatic shot blasting machines market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

The key players that operate in the automatic shot blasting machines include AGTOS GmbH., Blastclean System Pvt. Ltd, Goff Inc., Norican Group, Qingdao Qinggong Machinery Co. Ltd., Rösler Oberflächentechnik GmbH, SINTOKOGIO LTD., STEM d.o.o., Siapro d.o.o., and Shandong Kaitai Group Co.

 KEY FINDINGS OF THE STUDY

• The report provides an extensive analysis of the current and emerging global automatic shot blasting market analysis trends and dynamics. 
• By material type, the plastic segment was the highest revenue contributor in 2021.
• Based on product type, hanger type segment dominated the market in 2021.
• Based on business type, the original equipment manufacturer (OEM) segment dominated the market in 2021.
• Based on end-user industry, the automotive segment dominated the market in 2021.
• Region-wise, Europe dominated the market in 2021. Moreover, Asia-Pacific is anticipated to dominate the global automatic shot blasting market share exhibiting highest CAGR during the forecast period.
• The report provides an extensive analysis of the global automatic shot blasting market trends and emerging automatic shot blasting market opportunities. 
• The global automatic shot blasting market forecast analysis from 2021 to 2031 is included in the report.