Global Vapour Blasting Equipment Market to Flourish: Automotive Sector and Metal Finishing Drive Growth

Anticipated at US$ 113.7 million in 2022, the global vapour blasting equipment market is poised for enduring demand throughout the evaluation period. The surge is attributed to the burgeoning production of automotive vehicles, a thriving automotive aftermarket, and an expected market value of US$ 196.5 million by 2033, marked by a 5.1% CAGR from 2023 to 2033. Forecasts indicate an attainment of US$ 119.5 million in 2023.

The market's growth prospects are bolstered by the substantial expansion of the automotive industry, advancements in the construction sector, and increased adoption of metal and steel surface finishing components.

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"As demand surges from the aerospace, automotive, and construction sectors, the market is set to witness notable growth. Leading manufacturers are embracing new technologies to expand the capabilities of vapor blasting equipment," according to an FMI analyst.

Driving Factors for Vapor Blasting Equipment Demand:

Diverse Industry Developments: The sales of vapor blasting equipment are set to rise due to advancements in building and construction, automotive vehicle production, and the burgeoning shipbuilding and aerospace sectors.

Construction Industry Utilization: Vapor blasting equipment is experiencing increased adoption in the construction sector, particularly for concrete repair, restoration, wood treatment, and brick cleaning in outdoor settings, contributing to heightened demand.

Automated Equipment and Growing Metal Industry: Leading players are driving demand with automated vapor blasting equipment that finds increasing applications. The expanding metal and steel construction industry, propelled by growing product demand, also contributes significantly to the vapor blasting equipment market.

Aerospace and Shipbuilding Industries: The rising aerospace and shipbuilding sectors add momentum to vapor blasting equipment demand, indicating a broadening range of industrial applications for these machines.

Key Insights:

The vapor blasting equipment market is predicted to experience a steady CAGR of 5.0% between 2022 and 2032.
The automatic segment, in terms of control type, is anticipated to maintain its rapid growth, exhibiting the highest growth rate.
The automotive and aerospace industries are expected to remain pivotal consumers in the vapor blasting equipment market based on end-use.
France is poised to lead the growth in Europe's vapor blasting equipment market throughout the assessment period.
East Asia, particularly South Korea, is projected to be the most lucrative region, with strong and sustained sales growth anticipated beyond 2022.

Market Competition Snapshot:

The vapor blasting equipment market is assessed as moderately fragmented, with key players projected to hold significant market shares. Notable manufacturers include Guyson Corporation, Graco Inc., Raptor Blasting Systems LLC, Vapormatt Ltd., KKS Ultraschall AG, Vapaware, Graf Cleaning Systems, Airblast B.V., Nicchu Co. Ltd., ABShot Tecnics S.L., MACOHO Co., Ltd., PAUL AUER GMBH, and several others featured in the comprehensive report.

Technological Advancements and Global Expansion:

Leading players are notably concentrating on the introduction of technologically advanced products tailored for diverse industrial applications. Moreover, major players are actively enhancing their production capacities to amplify their global market presence, aiming for substantial market traction.

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Recent Industry Development:

For instance, in March 2022, Vapormatt Ltd. unveiled the "Vapormate," a new wet-blasting machine. This compact, versatile entry-level manual machine is ideal for smaller spaces, catering to a wide array of industries.

Vapor Blasting Equipment Market Segmentation

By Control Type:
Manual
Semi-Automatic
Automatic

By End-Use Industry:
Automotive
Aerospace
Shipbuilding
Construction
Others

By Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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This release was published on openPR.