Shot Peening Machines Market Growth, Trends, and Forecast by 2031

The Shot Peening Machines Market size is expected to reach US$ 1,005.6 million by 2031 from US$ 664.7 million in 2024. The market is estimated to register a CAGR of 6.2% during 2024–2031. The growing Investments in the transportation industry are likely to bring new trends to the market in the coming years.

Shot Peening Machines Market Analysis

The transportation industry has shown notable growth in the past few years and is expected to witness notable growth during the forecast period. Growing demand for personal vehicles owing to growing income levels, advancement in electric vehicles, government incentives, urbanization, government investments, and expansion in trade activities, among others, are driving market growth. According to the data published by the International Organization of Motor Vehicle Manufacturers in 2023, the global automotive production in 2019 was 91.8 million; however, in 2023, the automotive vehicle production reached 93.5 million. Such growth in automotive production is expected to continue in the future to reach ~100 million by 2030. Moreover, the adoption of electric vehicles is rising with the surging and technological advancements. In 2024, , electric vehicle accounted for ~16% of the total global vehicle sales. By 2030, this penetration is projected to reach ~50%. As per the data published by Edison Electric Institute in October 2024, by 2030, the annual sales of electric vehicles are projected to reach ~8 million, accounting for 46% of total light commercial vehicle sales. Such growth in the automotive industry drives the adoption and demand of the shot peening systems.

Shot Peening Machines Market Overview

The global shot peening machines market is observing significant development, owing to its enhanced durability, fatigue life, and resistance of metal components across industries such as automotive, aerospace, construction, energy, medical devices, and heavy machinery. Shot peening is a cold working method that makes compressive residual stress on the surface of components, increasing their lifespan and resistance to fatigue, corrosion, and stress cracking. The market has gained traction due to growing industrialization, the need for lightweight and durable materials, and advancements in manufacturing technologies.

Shot peening plays a fundamental role in the transportation sector, including vehicle manufacturing, rails, and shipbuilding. Shot peening boosts the performance of gears, springs, crankshafts, and other drivetrain components. The increasing shift toward electric vehicles (EVs) has fueled the demand for lightweight yet durable components, which often demand surface enhancement. For instance, Tesla utilizes shot peening to enhance the fatigue life of lightweight aluminum components in EVs. Similarly, leading manufacturers such as Volkswagen, Toyota, and Hyundai incorporate shot peening in their production processes to improve quality and meet international standards.

The aviation sector is one of the primary drivers of the shot peening machines market. Aircraft components such as landing gear, turbine blades, and fuselage panels undergo high stress and fatigue during operation. Shot peening is critical for improving their fatigue resistance and endurance. For example, Airbus and Boeing, noteworthy global aircraft producers, use robotic shot peening systems to ensure the consistency of critical components. The growth in global air traffic and rising demand for military and commercial aircraft boost the implementation of shot peening in aerospace manufacturing and maintenance, repair, and overhaul services.  

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Shot Peening Machines Market: Strategic Insights

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Shot Peening Machines Market Drivers and Opportunities

Integration with advanced technologies such as Artificial Intelligence and Industry 4.0

Several industries are adopting advanced technologies such as artificial intelligence (AI) and robotics, and the surface treatment industry is no exception. These technologies make the shot peening process smarter and adaptable. The robotics technology in shot peening technology combines traditional shot peening techniques with advanced robotic arms and programmable systems. In this system, the robotic arm controls shot shot-peening system’s position, angle, and movement according to the given program. One of the primary advantages of robotics shot peening is a high level of precision, as this system follows a pre-programmed path that ensures an even and right amount of peening.

Increasing Adoption of Shot Peening in Railways

The trends of urbanization are growing with the rising global population. This results in increasing investments by government and private companies in railway fleets and network expansion. In September 2024, Alpha Trains and Siemens announced the signing of a contract for the delivery of 70 Vectron locomotives, including the initial contract of 35 locomotives. Siemens is planning to deliver the first lot of locomotives by 2026. In January 2025, Northrail signed an agreement with Alstom, Siemens Mobility, and Vossloh Rolling Stock to supply new-gen locomotives. Moreover, in January 2025, UK rail operator Northern Trains announced plans to expand their fleet by 450 new trains. With such investments in the railway fleet expansion, the demand for shot peening is expected to grow notably.  Therefore, the growing automotive and railway industries are expected to create lucrative opportunities for shooting services during the forecast period.

Shot Peening Machines Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Shot Peening Machines Market analysis are media and application.

• In terms of media, the market is categorized into steel shots, ceramic shots, glass beads, and cut wire shots. The steel shots segment dominated the market in 2024.
• Based on application, the market is divided into space (manufacturing, MRO), aviation (manufacturing, MRO), medtech, transportation, and others. The transportation segment dominated the market in 2024.

Shot Peening Machines Market Share Analysis by Geography

The shot peening machines market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East (ME), and the Rest of the World (Africa and South & Central America). APAC dominated the market in 2024, followed by Europe and North America.

Europe is one of the prominent automobile producers in the world. The presence of global leaders, such as Mercedes-Benz Group AG, Volkswagen AG, Stellantis NV, Bayerische Motoren Werke AG, and Renault SA, fuels the growth of the automobile industry. Shot peening machines offer repeatability and precision, which contributes to faster production and creates a cost-effective manufacturing process. As a result, these machines are gaining popularity in the automotive manufacturing process. Thus, the growing automobile industry in Europe is expected to offer promising opportunities for the shot peening machines market in the region during the forecast period. Germany is the largest economy in Europe and houses several leading industry verticals. The high rate of technological adoption, coupled with the presence of various multinational companies, serves as a great expansion base for the manufacturing sector. Further, according to GTAI, the automotive industry generated US$ 586.9 billion in revenue in 2023, of which the domestic market accounted for 29.06% and the foreign market accounted for 70.93% of the total revenue. Germany accounts for over 25% of all new vehicle registrations. In 2023, Germany was Europe's leading passenger vehicle producer, with 4.11 million units of production. The country has a well-established ecosystem for automobile manufacturing. As shot peening machines are widely used in automobile manufacturing, the automotive sector in Germany is projected to create constant demand for shot peening machines in the coming years.

Shot Peening Machines Market Regional Insights

The regional trends and factors influencing the Shot Peening Machines Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Shot Peening Machines Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Shot Peening Machines Market Report Scope

Shot Peening Machines Market Players Density: Understanding Its Impact on Business Dynamics

The Shot Peening Machines Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Shot Peening Machines Market are:

1. Pangborn; Guyson Corporation
2. Engineered Abrasives
3. COGEIM EUROPE SRL
4. Goff Inc.
5. Wheelabrator Group
6. SINTOKOGIO, LTD

Disclaimer: The companies listed above are not ranked in any particular order.

Shot Peening Machines Market News and Recent Developments

The Shot Peening Machines Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the Shot Peening Machines Market are listed below:

• Agency for Science, Technology and Research (A*STAR) in Singapore and Abrasive Engineering created smarter and more accurate abrasive blasting machines. This agreement is anticipated to enable collaboration with A*STAR's Advanced Remanufacturing and Technology Centre, National Metrology Centre, and Institute of High-Performance Computing. (Source: Abrasive Engineering, Press Release, November 2024)
• A joint optimization project between a leading European automobile manufacturer and Rösler resulted in 30% energy savings and a 50% increase in shot blast capacity. Based on the convincing project results, this customer purchased four shot peening machines equipped with turbines in the meantime. (Source: Rösler, Press Release, May 2024)

Shot Peening Machines Market Report Coverage and Deliverables

The "Shot Peening Machines Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

• Shot Peening Machines Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Shot Peening Machines Market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Shot Peening Machines Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Shot Peening Machines Market
• Detailed company profiles