Shot Peening Machines Market is expected to reach US$ 1,005.6 Million by 2031

Increased Demand for Durable Industrial Boosts Shot Peening Machines Market Growth

According to our latest market study on "Shot Peening Machines Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis — by Media and Application," the market was valued at US$ 664.7 million in 2024 and is anticipated to reach US$ 1,005.6 million by 2031; it is estimated to register a CAGR of 6.2% during 2024–2031. The report includes growth prospects in light of current Shot Peening Machines Market trends and driving factors influencing the market growth.

The demand for durable and reliable components is growing notably with the rising industrial expansion. Due to increasing competition, extended operational hours, and extreme applications, the need for high-strength components increased significantly. Further, durable components reduce the need for frequent maintenance, repair, and replacement activities, leading to reduced machinery downtime. Continuously growing raw materials and production costs, along with technical superiority, are driving the demand for durable industrial components. Manufacturers are under constant pressure to maintain the overall operation costs while improving operational efficiency. Thus, to avoid additional operational costs, machinery downtime, and stricter industrial norms, the demand for durable and high-strength industrial components increased. Moreover, the continuous growth in manufacturing, transportation, energy, and the oil industry is driving the demand for durable industrial components. According to the data published by the World Bank in 2023, the overall manufacturing output in 2023 reached US$ 16.2 trillion from US$ 14 trillion in 2017. These factors fuel the demand for high-strength industrial components. This rising demand for durable industrial components led to the adoption of improved materials and component treatment processes. Shot peening is one of the cold working processes that treats industrial parts without causing any damage to the surface. The shot peening process increases the fatigue strength of components and helps prevent common issues such as galling, cracking, and fretting. Thus, owing to increased demand for durable industrial components along with continuous industrial growth, the adoption of shot peening systems increased, ultimately driving the market.

Shot Peening Machines Market Analysis – by Geography, 2024

Source: The Insight Partners Analysis

Shot peening has a high demand in the aircraft manufacturing industry. Aircraft manufacturing is one of the industries that require advanced production techniques and high-precision components. Some of the aircraft components, such as aircraft engines, landing systems, rotor blades, and structural frames, operate under high pressure and extreme environments. Thus, the need for high-strength and durable components is high. As a result, shot peening machines are commonly used in the aircraft manufacturing industry. Shot peening treatment in aircraft manufacturing is done before applying heavy deposits of chrome and nickel plating. The shot peening process creates a uniform layer of compressive stress that increases fatigue resistance to mitigate the chance of cracks and other structural issues. With continuous growth in aircraft manufacturing, the demand for shot-peening machines increased notably. For instance, as per the data published by Airbus and Boeing in 2023, both companies delivered more than 1200 passengers and freight aircraft, whereas, in 2019, the total aircraft deliveries reached ~1100 passenger and freight aircraft. With such growth in aircraft deliveries, the demand for aircraft components from aircraft OEMs increased. Therefore, the growing aerospace sector is likely to create substantial opportunities for the shot peening machines market growth during the forecast period.

The scope of the Shot Peening Machines Market report focuses on North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Switzerland and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, Singapore, Malaysia and the Rest of Asia Pacific), Middle East (Saudi Arabia, UAE, Kuwait, Qatar, and the Rest of Middle East), and the Rest of the World (Africa and the Rest of South & Central America). In Asia Pacific, China held the largest shot peening machines market share in 2024. As a result of potential growth in the country's transportation sector, the shot peening machines market in China is anticipated to witness significant development in the coming years.

The market has grown notably in China owing to therapid industrial expansion across key sectors such as automotive, aerospace, medical industry, and manufacturing. As China is improving its production capabilities and the durability of critical industrial components, shot peening is becoming a crucial process for enhancing material performance. The country is one of the world's substantial automotive producers that significantly utilizes shot peening to treat springs, gears, and crankshafts, ensuring durability and resistance to wear. Large automotive manufacturers such as Zhejiang Geely Holding Group Co., Ltd. (Geely) and BYD incorporate shot peening in their production procedures to meet consumer demands for steadfast and long-lasting vehicles. With the rise of the aerospace sector in China, led by state-owned entities such as Commercial Aircraft Corporation of China (COMAC), shot peening is widely implemented to improve the fatigue life of wing structures, fuselage panels, turbine blades, and other aircraft components. This ensures compliance with international safety standards. Manufacturers in China, such as Trauson Holdings (a subsidiary of Stryker), utilize shot peening to produce durable titanium and cobalt-chromium implants. Local MedTech companies such as AK Medical and Weigao Orthopedic have incorporated shot peening into their processes to improve the performance of implants and tools. Additionally, global players such as Zimmer Biomet collaborate with China-based manufacturers, bringing advanced peening technologies to the country. Thus, overall growth in transportation and aerospace industries across the country has created a massive demand for shot peening machines, which is likely to have a significant impact on the shot peening machines market in the coming years. 

The shot peening machines market in the Middle East is segmented into Saudi Arabia, the UAE, Kuwait, Qatar, and the Rest of Middle East. The shot peening machines market in the region is expanding notably, driven by the region's growing presence in the automotive, aviation, energy, and oil and gas sectors. Saudi Arabia and the UAE are projected to account for a significant market share during the forecast period. Rising government investments and a growing manufacturing industry, among other factors, are driving the demand for shot peening machines. Saudi Arabia has become one of the top automotive markets in the Middle East. The government is taking various initiatives to promote the automotive manufacturing sector. The country plans to produce over 400,000 passenger vehicles by 2030. Also, in September 2023, Lucid Group announced its plan to establish the country's first-ever vehicle manufacturing facility with the support of the Saudi Industrial Development Fund (SIDF), Ministry of Investment of Saudi Arabia (MISA), and the Economic City at King Abdullah Economic City (KAEC). Further, the UAE government's investments and initiatives in the aerospace industry led to significant new contracts for aerospace companies.

Pangborn; Guyson Corporation; Engineered Abrasives; COGEIM EUROPE SRL; Goff Inc.; Wheelabrator Group; SINTOKOGIO, LTD; Norblast S.r.l; QINGDAO QINGGONG MACHINERY CO., LTD.; Innovative Peening Systems; OSK-Kiefer GmbH; and Rösler Oberflächentechnik GmbH are among the key players profiled in the shot peening machines market report. Several other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The shot peening machines market forecast can help stakeholders plan their growth strategies.The market analysis provides detailed market insights, which help the key players strategize their growth.

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com