Abrasive Blasting Equipment Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 162 SKU: IRTNTR43837

The abrasive blasting equipment market is estimated to grow at a CAGR of 5.02% between 2022 and 2027. The size of the market is forecast to increase by USD 131.56 million. The growth of the market depends on several factors, including the rapid growth in aerospace healthcare and furnishing industries, the growing demand from the automotive industry, and the growing construction activities in emerging countries and US.

This report extensively covers market segmentation by end-user (manufacturing, construction and maintenance, and others), type (semi-automatic, automatic, and manual), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Abrasive Blasting Equipment Market be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global abrasive blasting equipment market as a part of the industrial machinery market. The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The global industrial machinery market is expected to grow at a moderate pace. Technavio calculates the global industrial machinery market size based on combined revenue generated by manufacturers of machinery and components used in the industrial environment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Abrasive Blasting Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing demand from the automotive industry is notably driving the abrasive blasting equipment market growth, although factors such as the growing use of automation may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Abrasive Blasting Equipment Market Driver

The growing demand from the automotive industry is notably driving the abrasive blasting equipment market growth. Abrasive blasting equipment is used during the automobile manufacturing process and while performing restoration work on old vehicles. To restore old vehicles, blasting is used to remove the paint or rust from the metal body before repainting. Apart from the finishing of vehicle exteriors, blasting is also used on various internal parts of vehicles for cleaning and rust removal.

Portable blasting equipment is generally used for these applications. The rising adoption of industrial automation and global economic growth is expected to drive the growth of the automotive sector in the coming years. This will subsequently drive the demand for automotive abrasive blasting equipment and lead to sand blasting machine market growth during the forecast period.

Key Abrasive Blasting Equipment Market Trend

Leveraging e-commerce to increase market penetration is a trend influencing the abrasive blasting equipment market growth. The global abrasive blasting equipment market has been steadily adopting new technologies and e-retailing. The vendors of abrasive blasting equipment are expected to increase their online presence to take advantage of the rising number of online shoppers. To reach out to a wider base of customers across the world, vendors and distributors of abrasive blasting equipment are increasingly selling their products on e-commerce websites, such as Amazon.com Inc. (Amazon) and eBay Inc. (eBay).

In online shopping, buyers can compare different products and read reviews from other buyers, which can help them in decision-making. The easy payment, packaging, and tracking options associated with e-commerce are expected to attract more vendors and buyers during the forecast period. Considering these factors, the promotion and sales of abrasive blasting equipment through various online channels are expected to fuel the growth of the global abrasive blasting equipment market during the forecast period.

Key Abrasive Blasting Equipment Market Challenge

The growing use of automation may impede the abrasive blasting equipment market growth. Rising concerns about the health and safety of workers while performing blasting operations have led to the framing of regulations on their use. This poses a challenge to the growth of the global sand blasting machine market. Therefore, vendors are launching automated blasting equipment. Automation improves productivity and enables companies to have an edge over their competitors. It enables new business models that are focused on providing new goods and helps companies improve their flexibility and efficiency. Increased productivity is crucial for improving the overall GDP of a country and directly affects jobs and wages. Hence, governments are supporting automation.

Rapid advances in software programming techniques, combined with new vision and motion technologies, are expanding the scope of robot applications. By using these techniques, industries are improving the accuracy, quality, and speed of specific processes. These advances are expanding the scope of robot applications and further boosting the adoption of robotic blasting equipment. This is leading to the replacement of manual abrasive blasting equipment with automated and robotic abrasive blasting systems, which will pose a threat to the market growth during the forecast period.

Key Abrasive Blasting Equipment Market Customer Landscape

Our analysis of the life cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, China, Japan, Germany, and the UK. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.

Global Abrasive Blasting Equipment Market Customer Landscape

Who are the Major Abrasive Blasting Equipment Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the snd blasting machine market.

Abshot - The company offers abrasive blasting equipment that is used for applications such as cleaning molds, deburring of parts, surface finishes, and surface preparation.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:

  • AGTOS GmbH
  • Airblast BV
  • Axxiom Manufacturing Inc.
  • BLASTCORE LLC
  • Burwell Technologies
  • Clemco Industries Corp.
  • Empire Abrasive Equipment
  • Graco Inc.
  • Guyson Corp.
  • Kramer Industries Inc.
  • ProBlast Inc.
  • Raptor Blasting Systems LLC
  • Sintokogio Ltd.
  • Surface Finishing Equipment Co.
  • Tip Plus Corp.
  • torbo ENGINEERING KEIZERS GmbH
  • Trinco Trinity Tool Co.
  • Viking Corp.
  • Vixen Surface Treatments Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Abrasive Blasting Equipment Market?

The market share growth by the manufacturing segment will be significant during the forecast period. Abrasive blasting is used in almost all metal-based manufacturing activities to smoothen rough surfaces and to remove burrs from welded or extruded surfaces. It is also used in peening or strengthening the metal. It finds key applications in the automotive, aerospace, shipbuilding, foundry, and rail equipment manufacturing industries.

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The manufacturing segment showed a gradual increase in the market share of USD 180.74 million in 2017 and continued to grow by 2021. In the manufacturing sector, the demand for abrasive blasting equipment will increase due to the rapid growth in the aerospace and automotive industries. Steady growth in the disposable income of people has increased the buying power of consumers. This, along with declining crude oil prices, has enabled people to buy personal vehicles. Thus, the automotive industry will also generate strong demand for abrasive blasting machines in the near future. These machines are typically used for surface finishing and polishing of vehicles apart from refurbishing used vehicles. Repair and repainting of trolleys, antique cars, tanks, and railway carriages, are some of the other applications of abrasive blasting equipment. Thus, expanding vehicle sales worldwide can possibly enhance the demand for abrasive blasting equipment during the forecast period. Furthermore, our report provides a brief analysis of historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of abrasive blasting equipment, which is driven by an increase in the global demand for abrasive blasting equipment.

Which are the Key Regions for the Abrasive Blasting Equipment Market?

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APAC is projected to contribute 52% of the market's growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

The construction sector in APAC is booming, as countries in the region are witnessing rapid urbanization. The economic slump in China was expected to continue until 2021. However, with rising urbanization and various steps taken by the government of China, the market is expected to grow significantly. Other developing economies, such as India and Indonesia, are experiencing rapid urbanization. The increase in disposable incomes in these regions is expected to boost the construction of high-rise buildings. The governments of Malaysia and Thailand have also increased investments in public infrastructure. Such increasing investments in construction activities in different countries are likely to drive the market for abrasive blasting equipment in the region.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of COVID-19 in the region hampered the growth of the regional abrasive blasting equipment market in 2020. However, lockdown restrictions were removed, and industrial activities resumed in 2021 following the initiation of large-scale vaccination drives in the region. This mitigated the threat of COVID-19 to a large extent and aided in the resumption of manufacturing activities, thereby driving the production and subsequent sales of abrasive blasting equipment in the region. Due to all such factors, the regional sand blasting machine market will witness high growth during the rest of the forecast period.

Segment Overview

Our report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by end-user, type, and region.

  • End-user Outlook (USD Million, 2017 - 2027)
    • Manufacturing 
    • Construction and maintenance 
    • Others 
  • Type Outlook (USD Million, 2017 - 2027)
    • Semi-automatic
    • Automatic 
    • Manual 
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Abrasive Blasting Equipment Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.02%

Market growth 2023-2027

USD 131.56 million

Market structure

Fragmented

YoY growth (%)

4.83

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 52%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ABShot Tecnics SL, AGTOS GmbH, Airblast BV, Axxiom Manufacturing Inc., BLASTCORE LLC, Burwell Technologies, Clemco Industries Corp., Empire Abrasive Equipment, Graco Inc., Guyson Corp., Kramer Industries Inc., ProBlast Inc., Raptor Blasting Systems LLC, Sintokogio Ltd., Surface Finishing Equipment Co., Tip Plus Corp., torbo ENGINEERING KEIZERS GmbH, Trinco Trinity Tool Co., Viking Corp., and Vixen Surface Treatments Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Abrasive Blasting Equipment Market Report?

  • CAGR of the sand blasting machine market during the forecast period
  • Detailed information on factors that will drive the growth of the abrasive blasting equipment market between 2023 and 2027
  • Precise estimation of the size of the abrasive blasting equipment market and its contribution to the parent market.
  • Accurate predictions about  upcoming trends and changes in consumer behaviour
  • Growth of the abrasive blasting equipment industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive details of factors that will challenge the growth of abrasive blasting equipment market vendors

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global abrasive blasting equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global abrasive blasting equipment market 2017 - 2021 ($ million)
    • 4.2 End-User Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Manufacturing - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
    • 6.4 Construction and maintenance - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Construction and maintenance - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Construction and maintenance - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Construction and maintenance - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Construction and maintenance - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 47: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 49: Chart on Comparison by Type
      • Exhibit 50: Data Table on Comparison by Type
    • 7.3 Semi automatic - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Semi automatic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Semi automatic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Semi automatic - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Semi automatic - Year-over-year growth 2022-2027 (%)
    • 7.4 Automatic - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Automatic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Automatic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Automatic - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Automatic - Year-over-year growth 2022-2027 (%)
    • 7.5 Manual - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Manual - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Manual - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Manual - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Manual - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 ABShot Tecnics SL
              • Exhibit 116: ABShot Tecnics SL - Overview
              • Exhibit 117: ABShot Tecnics SL - Product / Service
              • Exhibit 118: ABShot Tecnics SL - Key offerings
            • 12.4 AGTOS GmbH
              • Exhibit 119: AGTOS GmbH - Overview
              • Exhibit 120: AGTOS GmbH - Product / Service
              • Exhibit 121: AGTOS GmbH - Key offerings
            • 12.5 Airblast BV
              • Exhibit 122: Airblast BV - Overview
              • Exhibit 123: Airblast BV - Product / Service
              • Exhibit 124: Airblast BV - Key offerings
            • 12.6 Axxiom Manufacturing Inc.
              • Exhibit 125: Axxiom Manufacturing Inc. - Overview
              • Exhibit 126: Axxiom Manufacturing Inc. - Product / Service
              • Exhibit 127: Axxiom Manufacturing Inc. - Key offerings
            • 12.7 BLASTCORE LLC
              • Exhibit 128: BLASTCORE LLC - Overview
              • Exhibit 129: BLASTCORE LLC - Product / Service
              • Exhibit 130: BLASTCORE LLC - Key offerings
            • 12.8 Burwell Technologies
              • Exhibit 131: Burwell Technologies - Overview
              • Exhibit 132: Burwell Technologies - Product / Service
              • Exhibit 133: Burwell Technologies - Key offerings
            • 12.9 Clemco Industries Corp.
              • Exhibit 134: Clemco Industries Corp. - Overview
              • Exhibit 135: Clemco Industries Corp. - Product / Service
              • Exhibit 136: Clemco Industries Corp. - Key offerings
            • 12.10 Empire Abrasive Equipment
              • Exhibit 137: Empire Abrasive Equipment - Overview
              • Exhibit 138: Empire Abrasive Equipment - Product / Service
              • Exhibit 139: Empire Abrasive Equipment - Key offerings
            • 12.11 Graco Inc.
              • Exhibit 140: Graco Inc. - Overview
              • Exhibit 141: Graco Inc. - Product / Service
              • Exhibit 142: Graco Inc. - Key news
              • Exhibit 143: Graco Inc. - Key offerings
            • 12.12 Guyson Corp.
              • Exhibit 144: Guyson Corp. - Overview
              • Exhibit 145: Guyson Corp. - Product / Service
              • Exhibit 146: Guyson Corp. - Key offerings
            • 12.13 Kramer Industries Inc.
              • Exhibit 147: Kramer Industries Inc. - Overview
              • Exhibit 148: Kramer Industries Inc. - Product / Service
              • Exhibit 149: Kramer Industries Inc. - Key offerings
            • 12.14 ProBlast Inc.
              • Exhibit 150: ProBlast Inc. - Overview
              • Exhibit 151: ProBlast Inc. - Product / Service
              • Exhibit 152: ProBlast Inc. - Key offerings
            • 12.15 Sintokogio Ltd.
              • Exhibit 153: Sintokogio Ltd. - Overview
              • Exhibit 154: Sintokogio Ltd. - Product / Service
              • Exhibit 155: Sintokogio Ltd. - Key offerings
            • 12.16 torbo ENGINEERING KEIZERS GmbH
              • Exhibit 156: torbo ENGINEERING KEIZERS GmbH - Overview
              • Exhibit 157: torbo ENGINEERING KEIZERS GmbH - Product / Service
              • Exhibit 158: torbo ENGINEERING KEIZERS GmbH - Key offerings
            • 12.17 Viking Corp.
              • Exhibit 159: Viking Corp. - Overview
              • Exhibit 160: Viking Corp. - Product / Service
              • Exhibit 161: Viking Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  Key Questions Answered

                  • What are the key global market and the regional market share?
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                  • What are the key factors driving and challenging this market’s growth?
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                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?

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