Global Market Insights added New Sandblasting Machines Market report which provides in-depth information about market overview, top vendors, industry statistics, key market highlights, product types, market drivers, challenges, trends, Sandblasting Machines industry landscape, size forecast, five forces analysis and Key leading countries/Region.
Owing to a slew of impressive properties such as reduced changeover, automated media flow control, customized data collection, automatic recovery, and lower downtime, sandblasting machines are being extensively utilized across various business verticals to provide high-quality and smoothly finished components. Boasting of a rich application landscape including petrochemicals, painting, metalworking, oil & gas, marine, construction, and automotive, the commercialization scale of the sandblasting machines market is anticipated to witness exceptional growth in the years to come.
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The rising demand for robotic blasting procedure in automotive, marine, and construction sectors has invariably propelled the sandblasting machines market share augmentation over the recent years. With the growing need to significantly reduce waste generation and operational costs, the conventional blasting systems are being replaced with technologically progressive blasting solutions across various business verticals.
Moreover, it has been observed that the local manufacturing firms operating in aftermarkets have been demanding high-grade sandblasting machines to refurbish tanks, railway carriage, trolleys, and vintage cars. As a consequence of the aforementioned factors, the overall remuneration graph of sandblasting machines industry has demonstrated an exceptional uptick in the recent past.
In terms of regional growth outlook, the Asia Pacific region has emerged as the foremost terrain garnering over 40 percent of the total remuneration portfolio of the global sandblasting machines market last year. The rapid product penetration in this region can suitably be attributed to soaring construction, manufacturing, and industrial activities. Concurrently, the major emerging economies across Asia Pacific such as India and China have been at the forefront to generate the largest demand for sandblasting machines. In fact, as per a research report collated by Global Market Insights, Inc., China sandblasting machines market share stood at over USD 70 million in 2017 and has been estimated to register a decent y-o-y growth rate of 5 percent over the forecast timeframe.
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The competitive landscape of sandblasting machines market has been swamped by leading giants in HVAC and construction industry which includes Gläsner Sandstrahl Maschinenbau, Kramer Industries, Graco Inc., Burwell Technologies, Empire Abrasive Equipment Company, Clemco Industries, ABShot Tecnics, MHG Strahlanlagen, and Airblast B.V to name a few.
In order to better serve a wide base of customers from numerous business verticals, the aforementioned firms have been adopting the route of strategic acquisitions in the recent past. Citing an instance of the same, one of the prominent manufacturer of fluid handling equipment Graco Inc. has recently announced to have concluded the takeover of scarifying equipment producer Smith Manufacturing in the month of December last year.
Elaborating further, the latest acquisition will assist Minneapolis-based Graco to complement its existing pavement maintenance and line striping equipment portfolio with Smith Manufacturing’s vast range of products. As a result of the amalgamation of production capabilities of both the firms, Graco Inc is slated to significantly boost its presence in the U.S. sandblasting machines market.
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