Global Shot Peening Machine market will reach 420 million US$ by the end of 2025

Global Shot Peening Machine market will reach 420 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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Shot peening is a cold working process used to produce a compressive residual stress layer and modify mechanical properties of metals and composites. It entails impacting a surface with shot (round metallic, glass, or ceramic particles) with force sufficient to create plastic deformation.

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QYResearch

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 Peening Machines in the international market, the current demand for Shot Peening 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.

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Shot Peening Machines is mainly manufactured and sold by Wheelabrator, Rosler, Agtos, Sinto Pangborn; and these companies occupied about 64.57% market share in 2017.

Geographically, Asia-pacific is the largest sales market in the world, which took about 51.82 percent of the global consumption volume in 2017. But Europe shared 38.73% of global total revenue.

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QYResearch

• The global Shot Peening Machine market is valued at 380 million US$ in 2017 and will reach 420 million US$ by the end of 2025, growing at a CAGR of 1.2% during 2018-2025.

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