QYResearch: Global Shot Blasting Machines market will reach 412.81 million USD by the end of 2022
QYResearch
Shot Blasting Machine is equipment that used to clean, strengthen (peen) or polish metal. Shot blasting machine is used in almost every industry that uses metal, including aerospace, automotive, foundry, shipbuilding, rail, and many others.
According to QYResearch, The global Shot Blasting Machines market is valued at 375.94 million USD in 2016 and is expected to reach 412.81 million USD by the end of 2022, growing at a CAGR of 1.57% between 2016 and 2022.
As international economic situation is complicated, in the next few years there will be many uncertainties. Due to the government’ policy and the high sales of Shot Blasting Machines in the international market, the current demand for Shot Blasting Machines product is relatively stable in the mature market, such as North America and Europe, but the demand in China is relatively higher due to the downstream demand.
Shot Blasting Machines is mainly manufactured and sold by Wheelabrator, Rosler, Agtos, Sinto Pangborn; and these companies occupied about 65.25% market share in 2016.
Geographically, China is the largest sales market in the world, which took about 43.05 percent of the global consumption volume in 2016. But Europe shared 45.24% of global total revenue.
Although sales of Shot Blasting Machines brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Shot Blasting Machines field hastily.
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