Sand blasting machines market size over $485mn by 2022
Published Date: March 8, 2016 Author: Global Market Insights, Inc.
Sand blasting machines market size is forecast to exceed USD 485 million by 2022, as per a new research report by Global Market Insights, Inc. Emergence of robotic technology for sand blasting should boost global demand. Industrial sand blasting machines market size was valued at USD 298.3 million in 2014, with forecast of USD 391.2 million by 2022.
This technology has been increasingly adopted to amplify the extent of sand blasting in areas where part complexity, quality control and complex process requirements are not sufficed through standard automation solutions. It provides optional features such as automatic recovery, automated media flow control, custom data collection, automatic blast pressure control, report generation, through-the-fixture back pressure control and rotary lance capabilities. Health hazards associated with the use of silica as an abrasive material coupled with threat of substitutes are expected to challenge growth over the forecast period.
To access sample pages or view this report in detail along with the table of contents, please click on the link below:
Key insights from the report include:
- Global sand blasting machines market was valued at USD 366.1 million in 2014, with expected revenue of USD 485.4 million by 2022, growing at 3.5% from 2015 to 2022. In terms of volume, the industry should grow at a CAGR of 5.0%, to exceed 140.1 thousand units by 2022, up from 93.9 thousand units in 2014.
- Mini-sand blasting machines market share was over 18% in 2014, and with segment growth expectations of 4.1% from 2015 to 2022. This is primarily due to increasing deployment in household activities such as rust removal, repairing and paint removal. Additionally, increased substitution of manual labor with sand blasting for performing domestic tasks to save time is likely to boost demand.
- Asia Pacific led the global industry with over 35% of the overall share in 2014, with forecast of 4.2% growth over the forecast period, mainly due to the considerable Chinese industry. Although sand blasting machines price trend is low in the region, high unit volumes should see sizable revenue during over coming six years. Europe may grow sluggishly compared to the global average to exceed USD 95 million by 2022.
- The sand blasting machines market share is highly fragmented in nature, with the presence of several stakeholders. Clemco Industries, Tools USA, Trinity Tool, and C.M. Surface were among the key participants in 2014. Other notable companies include Airblast B.V, Kramer Industries, SANdBOT (JetSystem Group), Midwest Finishing Systems Inc., Norton Sandblasting Equipment, Torbo Engineering Keizers GmbH, and Sintokogio Group among others.