What is Global Shot Peening Market?
The Global Shot Peening Market is a specialized sector within the broader manufacturing industry. Shot peening is a cold working process used to produce a compressive residual stress layer and modify the mechanical properties of metals. It involves impacting a surface with shot (round metallic, glass, or ceramic particles) with force sufficient to create plastic deformation. This process is crucial in increasing fatigue strength and longevity of components, especially those subjected to high cyclic stress. The global market for shot peening has been steadily growing, with its value standing at US$ 521.8 million in 2022. The market is projected to reach US$ 688.9 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2029.
Automatic, Semi-automatic in the Global Shot Peening Market:
The Global Shot Peening Market is segmented based on the type of operation into automatic and semi-automatic. Automatic shot peening machines are fully automated systems that require minimal human intervention. They are designed for high-volume peening operations and offer consistent, repeatable results. On the other hand, semi-automatic shot peening machines require some level of manual operation. They are typically used for lower volume or specialized peening operations. The choice between automatic and semi-automatic depends on factors such as production volume, complexity of the parts, and cost considerations. The major manufacturers of shot peening machines include Wheelabrator, Rosler, Agtos, Sinto, and Pangborn, which collectively held about 64.78% of the market share in 2019.
Automotive, Aerospace, Shipbuilding, Foundry, Others in the Global Shot Peening Market:
The Global Shot Peening Market finds its applications in various sectors including automotive, aerospace, shipbuilding, foundry, and others. In the automotive industry, shot peening is used to improve the durability and strength of components such as gears, springs, and engine parts. In the aerospace industry, it is used to enhance the fatigue life of critical components such as turbine blades, landing gear, and other high-stress parts. The shipbuilding industry uses shot peening to improve the corrosion resistance of ship components and structures. In the foundry industry, shot peening is used to remove sand, scale, and other contaminants from castings. Other industries that use shot peening include oil and gas, power generation, and heavy machinery.
Global Shot Peening Market Outlook:
The global Shot Peening market, valued at US$ 521.8 million in 2022, is expected to grow to US$ 688.9 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period from 2023 to 2029. The shot peening machines are primarily manufactured and sold by companies such as Wheelabrator, Rosler, Agtos, Sinto, and Pangborn. These companies held a significant market share of approximately 64.78% in 2019.
| Report Metric | Details |
| Report Name | Shot Peening Market |
| Accounted market size in 2022 | US$ 521.8 million |
| Forecasted market size in 2029 | US$ 688.9 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Wheelabrator, Rosler, Sinto, Pangborn, Agtos, Goff, Surfex, Kaitai, Qingdao Zhuji, Qingdao Huanghe, Qinggong Machine, Fengte, Ruida |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
