Shot Peening Machines Market Report: Size, Share and Outlook by 2031

The shot peening machine market was valued at approximately US$ 664.74 million in 2024 and is projected to grow to US$ 1,005.64 million by 2031, reflecting a compound annual growth rate (CAGR) of 6.2% from 2025 to 2031.

This market is categorized into five primary regions: North America, Europe, Asia Pacific (APAC), The Middle East & Africa (MEA), and South & Central America. In 2023, the Asia Pacific region led the market, followed by North America and Europe.

In North America, the key economies include the United States, Canada, and Mexico. The robust infrastructure in these developed nations presents numerous growth opportunities for the manufacturing sector. According to the National Institute of Standards and Technology (NIST), the manufacturing industry in the US was valued at US$ 2.3 trillion in 2023, representing 10.2% of the total GDP. The US ranks as the second-largest producer of machinery and equipment globally and is a leading manufacturer of fabricated metal products. This strong manufacturing base is a significant driver for the demand for metal-processing machines, including shot peening machines.

The US is recognized as an early adopter of advanced technologies, supported by its well-established infrastructure, which facilitates the integration of cutting-edge technologies across various sectors. The growing adoption of the Internet of Things (IoT) and the increasing use of artificial intelligence (AI) are propelling the advancement of Industry 4.0 in the country. The combination of Industry 4.0 with shot peening machines provides enhanced control compared to traditional shot peening methods, which are essential for aerospace applications. In the manufacturing of aerospace components, critical parts of aircraft and helicopters undergo shot peening to mitigate the risk of crack initiation and propagation. The presence of major aerospace industry players such as Lockheed Martin, Pratt & Whitney, GE Aerospace, and RTX Corporation further fuels the demand for shot peening machines in the US. For example, in January 2022, Guyson Corporation introduced the Guyson RXS 1400, a large precision shot peening cabinet designed specifically for a prominent aerospace manufacturer.

In the Asia Pacific region, the shot peening machines market encompasses countries such as China, India, Australia, Japan, South Korea, Singapore, and Malaysia. The market is propelled by the strong presence of industries such as automotive, aerospace, energy, construction, and medical devices. As Asia Pacific emerges as a global manufacturing hub, shot peening is increasingly adopted in manufacturing processes to enhance the fatigue life, durability, and performance of critical components across various sectors. Major automotive manufacturers like Hyundai (South Korea), Toyota (Japan), and Tata Motors (India) are located in this region. Shot peening is extensively utilized for components like springs, gears, and crankshafts to improve their fatigue resistance. Additionally, Thailand and Indonesia serve as significant automotive centers, further driving the demand for surface enhancement techniques such as shot peening.

From an application perspective, the global shot peening machines market is divided into segments including space, aviation, MedTech, transportation, and others. The transportation segment accounted for the largest share of the shot peening machines market in 2024. This segment encompasses the automotive, railway, and shipbuilding industries. The global production of passenger and commercial vehicles has surged, driven by rising disposable incomes, trends towards personalized vehicles, accessible loan options, technological integration, and the growth of e-commerce. According to the International Organization of Motor Vehicle Manufacturers, global production of passenger and commercial vehicles rose from 91 million in 2019 to 93 million in 2023, while sales increased from 56 million to over 57 million in the same period. This growth in vehicle production and sales has positively influenced the demand for shot peening machines. Furthermore, the locomotive manufacturing sector has also experienced growth due to increased investments in fleet expansion and replacements. For instance, in December 2024, Canadian Pacific Kansas City ordered 170 new locomotives from Wabtec, and Olavion contracted Newag for 12 new locomotives. Such investments in the locomotive industry, along with increased production capacity, have further escalated the demand for shot peening machines due to the heightened need for surface treatment technologies.

Key players in the shot peening machine market include 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 R?sler Oberfl?chentechnik GmbH, among others.

The overall market size for shot peening machines has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative data regarding the shot peening machine market size. This process also aids in providing an overview and forecast of the market across all segments. Additionally, numerous primary interviews have been carried out with industry participants to validate the data and gain analytical insights. This includes discussions with industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the shot peening machine market.