Report Code: A09812 | Pages: NA | Mar 2023 | 1277 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Shot Peening Machine Market
Request Now !Shot peening is a cold working process used to produce a compressive residual stress layer and modify the mechanical properties of metals. It requires  impacting a surface with shot (round metallic, glass, or ceramic particles) with a force sufficient to create plastic deformation. Peening a surface spreads it plastically that causes changes in the mechanical properties of the surface. Shot peening prevents cracks in highly tensile stressed alloy components. These undesirable manufacturing and operational tensile stresses  can be altered to life enhancing residual compressive stresses, therefore extending component life.
This  process works by introducing the residual compressive stress in the surface of the component. This helps to prevent crack initiation, as cracks cannot initiate in the compressive environment generated by peening. Shot peening is a process specifically designed to increase  the fatigue strength of components, which are subject to high alternating stress. Procedures  of surface treatment such as grinding, milling, bending, or heat treatment procedures cause tensile residual stress. Thus, the tensile residual stress leads to low life cycles of the parts.
Shot peening changes tensile residual stress into compressive residual stress, which  increases  the life cycle of parts and their maximum load capacities up to significant limit. Shot peening machines are significantly being adopted among manufacturers, as these machines enable the development of products with superior surface characteristics to meet the market demand .
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units  |  Value (US$ Millions) |
 Segments covered |  Product Type, End-user, and Region |
 Regions covered | North America (US and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa) |
 Companies covered |  Â
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COVID-19 pandemic has halted the production of various products in the shot peening machine  market  industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of  shot peening machine  market  significantly from last few months, as is likely to continue during 2020.
COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year.Â
The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which is negatively affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19
The  main  focus of  shot peening machine  is  to  prevent crack  initiation and to increase durability by uplifting fatigue strength.Â
Robotic peening machines are significantly being adopted in the modern manufacturing sector including construction and maintenance activities as they possess high efficiency and precision levels. These machines are operated automatically and can control production process by scanning work structure with the help of using a computer. Also,  they help eliminate human intervention and decreases  time required for construction and maintenance activities. Therefore, increasing adoption of robotic peening machines is expected to drive the market in the next few years. However their prevention of corrosion cracking makes it a necessary requirement , it improves wear- resistant  property as it follows sealing treatment. Also, increase in demand for fabricated metal products from the industrial manufacturing sector is expected to boost the growth of the market. In addition, high labor cost and strict government laws against pollution have negatively impacted the shot peening machines market. One of the restraining factor  is also, easy  availability of second-hand machines is likely to hamper the market growth  in the near future .Â
Robotic peening machines are significantly being adopted in the modern manufacturing sector including construction and maintenance activities as they possess high efficiency and precision levels. These machines are operated automatically and can control production process by scanning work structure with the help of using a computer. Furthermore, they help eliminate human intervention and reduce time required for construction and maintenance activities. Therefore, increasing adoption of robotic peening machines is expected to drive the market in the next few years. Also, increasing adoption of 3D printing technology is expected to propel the growth of laser peening technology as latest  technology are always in demand. Growing demand for superior-quality tools and products among end-use industries is projected to drive the growth of the shot peening machines market in the coming years.Â
Key segments covered:
Segments | Subsegments |
 Product type |
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 End users |
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Key benefits of the report:
Shot Peening Machine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By End-User |
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By Region |
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By Product Type |
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Key Market Players | Pangborn Group, Sintokogio, Ltd., Rösler Surface Technology GmbH, Norican Group, Engineered Abrasives Inc., Wheelabrator, Agtos, Goff Inc. |
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