NEW YORK, Feb. 5, 2024 /PRNewswire/ — The abrasive blasting equipment market is estimated to grow by USD 131.56 million from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.02% during the forecast period. Technavio has segmented the market based on end-user (manufacturing, construction and maintenance, and others), type (semi-automatic, automatic, and manual), and geography (APAC, North America, Europe, South America, and Middle East and Africa). ABShot Tecnics SL, AGTOS GmbH, Airblast BV, Axxiom Manufacturing Inc., BLASTCORE LLC, Burwell Technologies, Clemco Industries Corp., Empire Abrasive Equipment, Graco Inc., Guyson Corp., Kramer Industries Inc., ProBlast Inc., Raptor Blasting Systems LLC, Sintokogio Ltd., Surface Finishing Equipment Co., Tip Plus Corp., torbo ENGINEERING KEIZERS GmbH, Trinco Trinity Tool Co., Viking Corp., and Vixen Surface Treatments Ltd. are key companies.
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Abshot – The company offers abrasive blasting equipment that is used for applications such as cleaning molds, deburring of parts, surface finishes, and surface preparation.
AGTOS GmbH – The company offers abrasive blasting equipment that is used for the treatment of mainly metallic surfaces and includes the derusting, descaling, desanding, or deburring of the workpieces.
Airblast BV – The company offers abrasive blasting equipment where water can be used to trap the dust created during the blasting process giving environmental benefits as well as ensuring personnel and equipment near the blasting site are not exposed to the dust.
The growing demand from the automotive industry is notably driving the growth. Abrasive blasting equipment is crucial in automobile manufacturing and restoring old vehicles by removing paint or rust from metal bodies. It’s also used for cleaning and rust removal in vehicle internals. Portable equipment is commonly used. The automotive sector’s growth is expected due to industrial automation adoption and global economic expansion.
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Technavio has segmented the market based on End-user (Manufacturing, Construction and maintenance, and Others), Type (Semi automatic, Automatic, and Manual), and Geography (APAC, North America, Europe, South America, and the Middle East, and Africa).
- The market share growth by the manufacturing segment will be significant during the forecast period. Abrasive blasting is essential in metal-based manufacturing for surface smoothing, burr removal, and metal strengthening. It’s widely used in automotive, aerospace, shipbuilding, foundry, and rail equipment manufacturing. The demand for abrasive blasting equipment is expected to rise with the growth of the aerospace and automotive industries, driven by increased consumer buying power and lower crude oil prices.
By geography, the global abrasive blasting equipment market is segmented into APAC, North America, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth.
- APAC is projected to contribute 52% of the growth by 2027. The construction sector in APAC is thriving due to rapid urbanization. Despite an expected economic downturn in China until 2021, government initiatives and urbanization are fueling significant growth. India and Indonesia are also urbanizing rapidly, with rising disposable incomes expected to drive high-rise construction. Malaysia and Thailand are investing more in public infrastructure.
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- Leveraging e-commerce to increase market penetration is a trend influencing growth.
- The growing use of automation is a significant challenge restricting growth.
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Abrasive Blasting Equipment Applications
Abrasive blasting equipment is widely used across industries like Manufacturing, Automotive, Construction, Aerospace, and Agriculture. It plays a crucial role in processes like Sandblasting, Electroplating, Metalworking, and Concrete. These tools are essential for various applications, including Abrasives distribution, Automation, and Grinding. They are used for different materials like Metal, Plastic, Cast Iron, and Wood. In terms of market trends, there is a growing emphasis on Environmental Protection and Pollution control, particularly in regions like Asia, Latin America, Europe, and China. Additionally, the equipment is essential for processes related to Fossil Fuels and the Oil industry, albeit with a focus on reducing Noise Pollution and maintaining safety standards.
What are the key data covered in this Abrasive Blasting Equipment Market report?
- CAGR during the forecast period
- Detailed information on factors that will drive the growth between 2023 and 2027
- Precise estimation of the size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the Abrasive Blasting Equipment industry across APAC, North America, Europe, South America, and the Middle East and Africa
- A thorough analysis of the competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Abrasive Blasting Equipment vendors
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by End-user
Segmentation by Type
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios.
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SOURCE Technavio
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