Global Shot Peening Machines Market 2019-2023| Growth Analysis and Forecast| Technavio
LONDON--(BUSINESS WIRE)--Dec 5, 2018--The global shot peening machines market research report by predicts the market to post a CAGR of around 2% during the period 2019-2023.
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Technavio has released a new market research report on the global shot peening machines market for the period 2019-2023. (Graphic: Business Wire)
A key driver for the global shot peening machines market is the need for superior-quality products. Manufacturers across the globe are adopting state-of-the-art tools due to the need to achieve increased productivity without compromising on product quality. On-time delivery has also become a major criterion for purchase across industries. The use of proper peening machines for treating desired components is essential to determine the quality of the product, which has led to the adoption of shot peening machines that enhance material properties.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the adoption of robotic peening machines in construction and maintenance activities as one of the key trends in the global shot peening machines market:
Global shot peening machines market: Adoption of robotic peening machines in construction and maintenance activities
The robotic peening machines possess high efficiency and precision levels. Hence, they are significantly used in the modern manufacturing sector. These machines are capable of automated operation and control and are mostly fixed adjacent to the production line and thus, human intervention is almost eliminated.
“The robotic peening machines are also used in construction and maintenance activities. The operator must position the robot in the general work area. The robot scans the work structure using a computer and creates a virtual map. It then uses the virtual map to perform peening operations. The use of such technology can decrease the time required for construction and maintenance activities whilst reducing the hazards of peening operations on human operators,” says a senior research analyst at Technavio.
Global shot peening machines market: Segmentation analysis
This shot peening machines market analysis report segments the market by end-user (manufacturing, construction, and energy) and geography (the Americas, APAC, and EMEA).
The manufacturing segment held the largest shot peening machines market share in 2018, accounting for nearly 48% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
The APAC region led the market in 2018 with approximately 39% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Technavio Research
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PUB: 12/05/2018 10:00 AM/DISC: 12/05/2018 10:01 AM