According to our latest study on "Shot Peening Machine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Media, and Application," the shot peening machine market size was valued at US$ 664.74 million in 2024 and is expected to reach US$ 1,005.64 million by 2031; it is estimated to record a CAGR of 6.2% from 2025 to 2031.

The global shot peening machines market is segmented on the basis of geography into North America, Europe, Asia Pacific, the Middle East, and the Rest of the world. Asia Pacific accounts for a larger share of the market. Continuously growing automotive, railway, and shipbuilding industries in the Asia Pacific region are some of the factors that are driving the demand for the shot peening machine industry. According to the data published by the International Organization of Motor Vehicle Manufacturers in 2023, vehicle production in 2023 reached 55 million in 2023 from 49 million in 20219. Apart from the automotive industry, government investments in the railway industry are another factor that is supporting the demand for the shot peening machine. In February 2024, New Zealand rail pointer KiWiRail signed a contract with Stadler to deliver 9 locomotives. In January 2023, the Indian government announced a new contract with Siemens to purchase 1200 new locomotives. In Korea Rail Road Corporation announced receiving of high-speed Hyundai Rotem train in its fleet. Owing to such factors, the demand for shot peening machines in the transportation industry is growing notably.

Europe accounted for the second largest market share in the global shot peening machines market after Asia Pacific. Some of the factors behind such growth in the shot peening are the region's strong growth in the manufacturing industry, integration of the Internet of Things (IoT), advanced manufacturing process, and strong research and development activities in the region. Industries such as medical device manufacturing, automotive industry, and railway industry among others. According to the data published by MedTech Europe in 2022, Europe is estimated at approximately US$ 150 billion in 2021 and, thus, secured the second largest market share after the US in the global market. Such a trend is anticipated to continue during the forecast period, ultimately driving the demand for the shot peening machine as machines are used in surgical instruments and medical implants, among others.

Key Findings of Shot Peening Machine Market Study:

By media, the global shot peening machines market is segmented into steel shots, ceramic shots, glass shots, and cut wire shots. The steel shots segment held the largest share in the shot peening machines market in 2024. Steel shots are most commonly used in the shot peening process to improve the mechanical and physical properties of metals. These are highly durable and provide constant peening results. The spherical shape of steel shots provides efficient and effective peening of the metal surface to achieve desired metal qualities. Moreover, steel shots can be reused repeatedly, unlike other peening media such as ceramic and glass, which reduces the waste output. Along with above mentioned structural qualities, steel shots have high recyclability, which helps in sustainability and reducing operational costs. These are widely used in the aerospace and automotive industries. In the aerospace industry, steel shot peening is used for strengthening the most important aircraft components such as landing gear, turbine blades, and structural framework. In the automotive industry, these are used to enhance the durability of gears, connecting rods, suspension parts, and springs. Furthermore, steel shots are being used in the power generation industry to improve the thermal and mechanical stress of turbines, boiler components, and generator shafts. Continuous growth in the automotive, aviation, and power generation industries is expected to drive the demand for steel shots during the forecast period.

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