![Shot Peening Machines Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Media, Application [Space, Aviation, MedTech, Transportation, and Others], and Geography- Product Image](http://www.researchandmarkets.com/product_images/12739/12739733_500px_jpg/shot_peening_machines_market.jpg)
The shot peening machine market size was valued at US$ 664.74 million in 2024 and is expected to reach US$ 1.00 billion by 2031; it is estimated to record a CAGR of 6.2% from 2025 to 2031.
The shot peening machine market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2023, followed by North America and Europe, respectively.
The US, Canada, and Mexico are the significant economies in North America. The well-established infrastructure in developed countries creates various growth opportunities for the manufacturing industry. As per the National Institute of Standards and Technology (NIST), the manufacturing sector in the US was valued at US$ 2.3 trillion in 2023, accounting for a 10.2% share of the total GDP. The US ranks second among the largest machinery and equipment manufacturing countries in the world. It is also a leading manufacturer of fabricated metal products worldwide. A robust machine manufacturing base drives the demand for metal-processing machines in North America, which, in turn, is bolstering the shot peening machines market growth.
The US is one of the early adopter countries of advanced technologies, owing to its well-established infrastructure. This well-established infrastructure aids in the penetration of advanced technology across the country. The increasing adoption of the Internet of Things (IoT) and the rising application of artificial intelligence (AI) have been promoting the growth of Industry 4.0 in the country. Integration of Industry 4.0 with the shot peening machines offers a superior level of control compared to conventional shot peening technologies, which are required for aerospace applications. In aerospace component manufacturing, all critical aircraft and helicopter components are shot peened to prevent crack initiation and propagation.
Furthermore, the presence of various key market players in the aerospace industry, such as Lockheed Martin, Pratt & Whitney, GE Aerospace, and RTX Corporation, is stimulating demand for shot peening machines in the US. For instance, in January 2022, Guyson Corporation, designer and builder of shot peening machinery, announced the launch of Guyson RXS 1400, a huge precision shot peening cabinet built specifically for a large aerospace manufacturer.
The shot peening machines market in Asia Pacific is segmented into China, India, Australia, Japan, South Korea, Singapore, and Malaysia. The market is driven by the strong presence of the automotive, aerospace, energy, construction, and medical device industries in the region. With Asia Pacific emerging as a global manufacturing center, shot peening is progressively implemented in the manufacturing process to enhance the fatigue life, durability, and performance of critical components across various sectors.
Asia Pacific is home to major automotive manufacturers such as Hyundai (South Korea), Toyota (Japan), and Tata Motors (India). Shot peening is significantly used for components such as springs, gears, and crankshafts to improve fatigue resistance. Thailand and Indonesia are also key automotive hubs, which creates demand for surface enhancement techniques such as shot peening.
Based on application, the global shot peening machines market is segmented into space, aviation, MedTech, transportation, and others. The transportation segment held the largest share in the shot peening machines market in 2024. The transportation industry includes the automotive, railway, and shipbuilding industries. The production of passenger and commercial vehicles has increased globally owing to increasing disposable income, trends of personalized vehicles, easy loan facilities, integration of technologies, and growth in e-commerce, among others.
According to the data published by the International Organization of Motor Vehicle Manufacturers in 2023, global passenger and commercial vehicle production in 2019 was 91 million, whereas the production reached 93 million in 2023. Further, global passenger and commercial vehicle sales in 2019 were 56 million, whereas sales reached more than 57 million in 2023. Such an increase in production and sales of vehicles affected the demand for shot peening machines positively. Apart from the automotive industry, the locomotive manufacturing industry also witnessed growth owing to increased investments in fleet expansion and replacements.
For instance, in December 2024, Canadian Pacific Kansas City placed an order of 170 new locomotives to the Wabtec. In December 2024, Olavion, a licensed rail carrier, gave the contract to Newag to deliver 12 new locomotives. Thus, with such investments in the locomotive industry and increased production capacity, the demand for shot peening machines increased owing to an increased need for surface treatment machines.
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 shot peening machine market players that are profiled in this market study.
The overall shot peening machine market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the shot peening machine market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments.
Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the shot peening machine market.
The shot peening machine market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2023, followed by North America and Europe, respectively.
The US, Canada, and Mexico are the significant economies in North America. The well-established infrastructure in developed countries creates various growth opportunities for the manufacturing industry. As per the National Institute of Standards and Technology (NIST), the manufacturing sector in the US was valued at US$ 2.3 trillion in 2023, accounting for a 10.2% share of the total GDP. The US ranks second among the largest machinery and equipment manufacturing countries in the world. It is also a leading manufacturer of fabricated metal products worldwide. A robust machine manufacturing base drives the demand for metal-processing machines in North America, which, in turn, is bolstering the shot peening machines market growth.
The US is one of the early adopter countries of advanced technologies, owing to its well-established infrastructure. This well-established infrastructure aids in the penetration of advanced technology across the country. The increasing adoption of the Internet of Things (IoT) and the rising application of artificial intelligence (AI) have been promoting the growth of Industry 4.0 in the country. Integration of Industry 4.0 with the shot peening machines offers a superior level of control compared to conventional shot peening technologies, which are required for aerospace applications. In aerospace component manufacturing, all critical aircraft and helicopter components are shot peened to prevent crack initiation and propagation.
Furthermore, the presence of various key market players in the aerospace industry, such as Lockheed Martin, Pratt & Whitney, GE Aerospace, and RTX Corporation, is stimulating demand for shot peening machines in the US. For instance, in January 2022, Guyson Corporation, designer and builder of shot peening machinery, announced the launch of Guyson RXS 1400, a huge precision shot peening cabinet built specifically for a large aerospace manufacturer.
The shot peening machines market in Asia Pacific is segmented into China, India, Australia, Japan, South Korea, Singapore, and Malaysia. The market is driven by the strong presence of the automotive, aerospace, energy, construction, and medical device industries in the region. With Asia Pacific emerging as a global manufacturing center, shot peening is progressively implemented in the manufacturing process to enhance the fatigue life, durability, and performance of critical components across various sectors.
Asia Pacific is home to major automotive manufacturers such as Hyundai (South Korea), Toyota (Japan), and Tata Motors (India). Shot peening is significantly used for components such as springs, gears, and crankshafts to improve fatigue resistance. Thailand and Indonesia are also key automotive hubs, which creates demand for surface enhancement techniques such as shot peening.
Based on application, the global shot peening machines market is segmented into space, aviation, MedTech, transportation, and others. The transportation segment held the largest share in the shot peening machines market in 2024. The transportation industry includes the automotive, railway, and shipbuilding industries. The production of passenger and commercial vehicles has increased globally owing to increasing disposable income, trends of personalized vehicles, easy loan facilities, integration of technologies, and growth in e-commerce, among others.
According to the data published by the International Organization of Motor Vehicle Manufacturers in 2023, global passenger and commercial vehicle production in 2019 was 91 million, whereas the production reached 93 million in 2023. Further, global passenger and commercial vehicle sales in 2019 were 56 million, whereas sales reached more than 57 million in 2023. Such an increase in production and sales of vehicles affected the demand for shot peening machines positively. Apart from the automotive industry, the locomotive manufacturing industry also witnessed growth owing to increased investments in fleet expansion and replacements.
For instance, in December 2024, Canadian Pacific Kansas City placed an order of 170 new locomotives to the Wabtec. In December 2024, Olavion, a licensed rail carrier, gave the contract to Newag to deliver 12 new locomotives. Thus, with such investments in the locomotive industry and increased production capacity, the demand for shot peening machines increased owing to an increased need for surface treatment machines.
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 shot peening machine market players that are profiled in this market study.
The overall shot peening machine market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the shot peening machine market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments.
Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the shot peening machine market.
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Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Shot Peening Machines Market Landscape
5. Shot Peening Machines Market - Key Market Dynamics
6. Shot Peening Machines Market - Global Market Analysis
7. Shot Peening Machines Market Analysis - by Media
8. Shot Peening Machines Market Analysis - by Application
9. Shot Peening Machines Market - Geographical Analysis
10. Competitive Landscape
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Shot Peening Machines Market- 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
- Rösler Oberflächentechnik GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 192 |
| Published | February 2025 |
| Forecast Period | 2024 - 2031 |
| Estimated Market Value ( USD | $ 664.7 Million |
| Forecasted Market Value ( USD | $ 1000 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
