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The global vapor blasting equipment market is anticipated at US$ 114 million in 2022. Demand is likely to remain high for vapor-blasting equipment during the assessment period. This is due to the increasing production of automotive vehicles with a growing automotive aftermarket and garnering US$ 197 million in 2033, recording a CAGR of 5.1% from 2023 to 2033. The market is likely to secure US$ 120 million in 2023.
Key Factors Shaping the Demand Outlook of the Vapour Blasting Equipment Industry:
· Increasing demand for smoothly finished components in the aircraft manufacturing and shipbuilding industry is facilitating the demand for vapor blasting equipment.
· East Asia is expected to remain prominent in the production of vapor blasting equipment.
· Rapid growth in the construction sector across China and India coupled with the growing use of vapor blasting equipment for smooth and clean surfaces will boost the market.
· Surging the use of this equipment in the construction industry for various applications, including wood and brick cleaning, and concrete cleaning will propel the growth.
· Growing advances in technology are expected to create new growth prospects for vapor blasting equipment manufacturers.
Vapour Blasting Equipment Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033
The global vapor blasting equipment market is to reach a value of US$ 113.7 million in 2023. Sales in the vapor blasting equipment market are expected to witness a healthy CAGR of 5.0%, with a value of US$ 196.5 million by 2033.
The market is expected to witness a higher growth outlook owing to significant expansion of the automotive industry, development in the construction sector, and increased use of metal and steel surface finished components.
A prominent factor propelling the demand for vapor blasting equipment is rapid development in the aerospace and shipbuilding industry. The adoption of vapor blasting equipment is expected to surge for the smooth finish of aircraft and ship components to ensure high performance.
As per FMI, the vapor blasting equipment market witnessed growth at a CAGR of 3.3% over the historic period of 2018 and 2022. Demand for vapor blasting equipment is anticipated to surge at 5.1% CAGR during the forecast period (2023 to 2033)
Which are the Factors Creating Growth Prospects for Global Vapor blasting equipment Manufacturers?
Vapor blasting equipment is extensively used in a variety of applications, including automotive, aerospace, construction, shipbuilding, general manufacturing, electronics, and other industries.
Demand for vapor blasting equipment in the automotive sector due to its benefits, such as dust-free blasting procedure, and restoration applications, and is also used for highly sensitive surfaces. Vapor blasting is applied to automotive overhauls and engine rebuilding. This is expected to create lucrative growth opportunities for key players in the automotive sector.
Vapor blasting can use extremely fine media, can deeply clean irregular surfaces, and eliminate the need for hand-sanding and the use of toxic chemicals. This, in turn, is anticipated to fuel the demand for vapor blasting equipment in the aerospace industry for aviation engine rebuilding. The aerospace industry prefers to use high precision and controlled-environment blasting equipment to perform blasting operations to ensure a smooth finish for greater performance.
What are the Factors Restraining the Demand in Vapor Blasting Equipment Market?
Growing environmental concerns associated with the utilization of equipment, such as wastewater discharge and noise pollution is the primary factor hampering the demand. Vapor blasting equipment has heavy water use and faces problems in disposing of contaminated water, resulting in less adoption of vapor blasting equipment among municipalities.
The government and several health organizations restricted the use of vapor blasting equipment as it contains more than 0.1% of silica. This is encouraging the key players to introduce dry ice blasting equipment as a substitute for vapor blasting equipment. The growing availability of the rent and reuse market among developing countries is also expected to hamper the sales of vapor-blasting equipment.
How will the Demand for Vapor Blasting Equipment Market in France Fare?
Increased Adoption of Vapor Blasting Equipment in the Aerospace Industry will Boost Sales
Expansion of the aerospace sector in France is the key factor underpinning the growth in the vapor blasting equipment market. The French government has launched several new initiatives for these regions to support aerospace sector research and development.
The vapor blasting equipment is being progressively used in aviation manufacturing and MRO for remanufacturing jets, auxiliary power units, and landing gear parts. The machine reduces abrasive consumption, increases the life of items such as hoses and nozzles, and reduces the requirement for expensive filtration systems
France is expected to witness significant growth in the vapor-blasting equipment market in the coming decade. Enhancement in the economic condition along with the significant developments in the aerospace industry is expected to propel the demand for vapor blasting equipment in the coming years.
Competitive Landscape
Key players are adopting organic and inorganic growth strategies such as mergers, collaborations, product launches, and investments to increase their consumer base. They are also investing in research and innovations, to develop end-use specific products that have innovative features and differentiated technology to increase their revenue.
For instance:
In February 2022, Vapormatt introduced its new Puma+ automatic wet-blasting system, which is a highly versatile automated entry-level system. It is durable, reliable, and capable of delivering a high-quality surface finish for various industrial applications, such as Jet Engine Components, Alloy wheel preparation and repair, and Surface improvement after casting, among others.
In February 2022, Vapormatt introduced its new Cougar+ Automatic Wet-Blasting System, which new highly versatile automated mid-range system and is designed for heavy users due to its durability, reliability, and repeatability of processing.
These insights are based on a report on
Vapour Blasting Equipment Market
by Future Market Insights
Source: Email/GFMM
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