"Global Shot Blasting Machine Market Size Value in 2021 was US$ 1.2 Bn, Expected to Reach US$ 1.9 Bn by 2031"

The global shot blasting machine market was valued at US$ 1.2 billion in 2021 and is expected to reach US$ 1.9 billion by 2031. This projection indicates a Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2031 .

The growth in the market can be attributed to several factors. Firstly, the expansion in the construction and infrastructure sector is anticipated to drive the global shot blasting machine market size during the forecast period. Shot blasting is the most preferred technique for removing all forms of rust and corrosive materials from metal and steel surfaces .Secondly, the increase in production of automobiles is also expected to augment market expansion in the near future. The rise in the manufacture of metal accessories in emerging economies is likely to offer lucrative growth opportunities for vendors in the industry. Key players are launching digital tools to increase their shot blasting machine market share .

The market is also influenced by the increasing emphasis on recycling and sustainability, which is expected to flourish the shot blasting machine market. However, fluctuating prices of raw materials can hamper the growth of the shot blasting machine market. Meanwhile, the report provides a detailed overview of the industry, including both qualitative and quantitative information, and covers various segments such as technology, industry, and geography .

The data is sourced from Transparency Market Research, a provider of syndicated research, customized research, and consulting services, which offers an in-depth analysis of the global shot blasting machine market

MIZHI TEAM

2024-12-12