What is Global Shot Peening Equipment Market?
The Global Shot Peening Equipment Market is a vast and dynamic sector that encompasses a wide range of machinery and tools used in various industries. Shot peening is a process used to improve the properties of metal surfaces. It involves bombarding the metal surface with small spherical shots (tiny balls of metal, glass, or ceramic) to create a compressive stress layer and modify the mechanical properties of the metal. This process is used to increase fatigue strength, prevent fretting, inhibit stress corrosion cracking, and improve resistance to surface-related failures. The equipment used in this process is what constitutes the Global Shot Peening Equipment Market. The market is segmented based on the type of equipment and its applications in various industries.
Fully-automatic Shot Peening Equipment, Semi-automatic Shot Peening Equipment in the Global Shot Peening Equipment Market:
The Global Shot Peening Equipment Market is further divided into Fully-automatic Shot Peening Equipment and Semi-automatic Shot Peening Equipment. Fully-automatic shot peening equipment is designed to operate without the need for human intervention. It is programmed to carry out the shot peening process with precision and consistency, making it ideal for large-scale industrial applications. On the other hand, semi-automatic shot peening equipment requires some level of human intervention. While the machine carries out the peening process, operators are needed to load and unload parts, adjust settings, and monitor the operation. Both types of equipment have their advantages and are chosen based on the specific requirements of the application.
Automotive, Aerospace, Shipbuilding, Foundry, Others in the Global Shot Peening Equipment Market:
The Global Shot Peening Equipment Market finds its usage in various sectors such as Automotive, Aerospace, Shipbuilding, Foundry, and others. In the automotive industry, shot peening is used to improve the durability and longevity of various components like gears, shafts, and springs. The aerospace industry uses shot peening to enhance the fatigue life of aircraft components and prevent premature failure due to stress and corrosion. In shipbuilding, shot peening is used to strengthen the hull and other structural components. The foundry industry uses shot peening to improve the surface finish of castings and reduce the occurrence of surface defects. Other industries also use shot peening for similar purposes, making it a crucial process in the manufacturing sector.
Global Shot Peening Equipment Market Outlook:
As per the market outlook, the Global Shot Peening Equipment Market was valued at US$ 410.5 million in 2022. It is projected to reach a value of US$ 476.2 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.1% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for shot peening equipment in various industries, especially in automotive and aerospace. The need for improved durability and longevity of components is driving the growth of this market. Furthermore, advancements in technology are leading to the development of more efficient and effective shot peening equipment, which is expected to further fuel the growth of this market.
| Report Metric | Details |
| Report Name | Shot Peening Equipment Market |
| Accounted market size in 2023 | US$ 420.4 million |
| Forecasted market size in 2029 | US$ 476.2 million |
| Base Year | 2023 |
| 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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| Sales by Region |
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| By Company | Wheelabrator, Rosler, Sinto, Pangborn Group, AGTOS, Goff, STEM, Guyson, Surfex, C.M., Empire Abrasive Equipment, Kaitai, Metallizing Equipment Co. (MEC), 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 |
