[August 21, 2024] Abrasive Blasting Equipment Market size is set to grow by USD 148.3 million from 2024-2028, Rapid growth in aerospace healthcare and furnishing industries boost the market, Technavio Tweet NEW YORK, Aug. 21, 2024 /PRNewswire/ — The global abrasive blasting equipment market size is estimated to grow by USD 148.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 5.36% during the forecast period. Rapid growth in aerospace healthcare and furnishing industries is driving market growth, with a trend towards leveraging e-commerce to increase market penetration. However, growing use of automation poses a challenge. Key market players include 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.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report
Abrasive Blasting Equipment Market Scope Report Coverage Details Base year 2023 Historic period 2018 – 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 5.36% Market growth 2024-2028 USD 148.3 million Market structure Fragmented YoY growth 2022-2023 (%) 4.99 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 53% Key countries China, US, Germany, UK, and Japan Key companies profiled 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.
Market Driver The global abrasive blasting equipment market is experiencing significant growth due to the increasing adoption of e-commerce platforms. With the rise of e-commerce sales, both business-to-business (B2B) and business-to-consumer (B2C) transactions have seen a surge. This trend is particularly noticeable in developing and underdeveloped countries where internet penetration and mobile app usage are expanding rapidly. Vendors and distributors of abrasive blasting equipment are capitalizing on this opportunity by increasing their online presence. They are selling their products on popular e-commerce websites such as Amazon and eBay, enabling them to reach a wider customer base and process orders from distant locations. This shift to e-commerce also benefits buyers, who can compare products and read reviews before making a purchase. The convenience of easy payment, packaging, and tracking options are expected to attract more vendors and buyers to the global abrasive blasting equipment market during the forecast period. The Abrasive Blasting Equipment market is witnessing significant growth due to its wide application in various industries. Key trends include the use of sand blasting machines for graffiti removal and surface preparation in manufacturing sectors, marine maintenance, and the automobile sector. Robotics and automation are also driving innovation in this space, with companies like Empire Abrasive Equipment leading the way. Wet blasting, vacuum blasting, centrifugal blasting, soda blasting, and various other methods are gaining popularity. Abrasive materials like Aluminum oxide, steel grit, and glass beads are commonly used. The market caters to different capacity requirements, from portable/mobile equipment to stationary/fixed installations above 3000 L. Key industries include petrochemicals, aerospace & defense, oil & gas, construction, and automotive. Sales are made through direct sales (OEMs), sales through distributors, and sales through online channels. Cost is a significant factor, with prices varying based on the size and type of equipment. Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here! Market Challenges The global abrasive blasting equipment market is experiencing significant changes due to increasing safety regulations and the adoption of automation. Automation is transforming industries such as oil and gas, construction, manufacturing, and chemicals, improving productivity and enabling companies to gain a competitive edge. Automated blasting systems, consisting of robotic arms, handling tools, conveyors, indexing tables, and sensors, are increasingly being installed in factories for more efficient workflows. Rapid advancements in software programming and vision technologies are expanding the scope of robot applications, enhancing accuracy, quality, and speed. These developments are driving the industry to replace manual blasting equipment with automated robotic systems, ensuring compliance with safety regulations and increasing efficiency.
The market is experiencing a surge in demand for abrasive blasting equipment due to the increasing adoption of advanced technologies like laser-based systems and robotic automation. These technologies are revolutionizing the surface preparation process, offering enhanced precision, efficiency, and safety. Furthermore, the market is witnessing a growing trend of sustainability initiatives, with a focus on reducing environmental impact. This is driving the development of eco-friendly abrasive blasting equipment and processes.
**1.2 Construction and Maintenance:**
* This section likely discusses the construction and maintenance of abrasive blasting equipment. * It might cover topics like the design, materials, and operation of the equipment. **1.3 Others:**
* This section likely provides information on other types of abrasive blasting processes.
2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Manufacturing Construction And Maintenance Others Type Semi Automatic Automatic Manual Geography APAC North America Europe South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market 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 market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research
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