Shot Blasting Machine Market Size, Revenue Growth Factors & Trends, Key Player Strategy Analysis, 2033

The global shot blasting machine market size is projected to exhibit incredible growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of USD 1,202.4 million in 2023. It is anticipated to hit a valuation of USD 1,977.2 million by 2033. The market is estimated to showcase a remarkable CAGR of 5.1% from 2023 to 2033.

It is anticipated that rising demand from the automotive industry is likely to accelerate market shot blasting machine market growth. The market size in Asia Pacific is expected to expand due to rising electric vehicle sales and the expanding automotive industry. Additionally, the rising infrastructure projects and construction activities across nations such as India, Japan, China, and South Korea support market expansion. Construction and infrastructure development projects are becoming more prevalent in emerging countries. It is projected that this trend is likely to expand the use of shot-blasting machines. The rapid development of residential and commercial buildings in Asia Pacific countries is slated to accelerate market expansion.

Key Takeaways from Shot Blasting Machine Market:

The global shot blasting machine market expanded at a modest CAGR of 2.7% from 2017 to 2022.
In 2017, the global market size stood at USD 1,021.9 million.
In 2022, the global market size accounted for USD 1,170.2 million in 2022.
The wheel blasting segment captured a whopping 67.8% market share in 2022.
In 2022, the automotive end-use segment captured a staggering 23.5% market share.
In 2022, the United States shot blasting machine market captured 15.6% global market share.
In 2022, the United Kingdom shot blasting machine market captured a 4.0% global market share.
In 2022, India shot blasting machine market gained a 6.3% global market share.

Recent Developments Observed by FMI:

In January 2022, Rösler Oberflächentechnik GmbH unveiled a brand-new shot blasting machine with two extremely effective Gamma 300G turbines. Each turbine has an installed output of 11 kW. Short cycle times are ensured by this. The Gamma 300G turbines have specially created, curved throwing blades that produce up to 20% more blast performance than standard turbines.
In Germany’s Rösler Customer Experience Centre, DLyte PRO500 was implemented by GPAINNOVA in December 2021. With this acquisition, Rösler now has access to one of the most cutting-edge, adaptable, and potent dry electropolishing machines in Germany.
Wheelabrator purchased Tunnel Hill Partners in March 2021 and changed the business name to WIN Waste Innovation. The strategic merger aims to give American consumers access to vital services.

Market Segmentation:

By Product Type: