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Abrasive Blasting Equipment Market size is set to grow by USD 148.3 million from 2024-2028, Rapid growth in aerospace healthcare and furnishing industries boost the market, Technavio

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NEW YORK, Aug. 21, 2024 /PRNewswire/ — The global abrasive blasting equipment market size is estimated to grow by USD 148.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 5.36%  during the forecast period. Rapid growth in aerospace healthcare and furnishing industries is driving market growth, with a trend towards leveraging e-commerce to increase market penetration. However, growing use of automation  poses a challenge. Key market players include ABShot Tecnics SL, AGTOS GmbH, Airblast BV, Axxiom Manufacturing Inc., BLASTCORE LLC, Burwell Technologies, Clemco Industries Corp., Empire Abrasive Equipment, Graco Inc., Guyson Corp., Kramer Industries Inc., ProBlast Inc., Raptor Blasting Systems LLC, Sintokogio Ltd., Surface Finishing Equipment Co., Tip Plus Corp., torbo ENGINEERING KEIZERS GmbH, Trinco Trinity Tool Co., Viking Corp., and Vixen Surface Treatments Ltd..

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Abrasive Blasting Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.36%

Market growth 2024-2028

USD 148.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.99

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 53%

Key countries

China, US, Germany, UK, and Japan

Key companies profiled

ABShot Tecnics SL, AGTOS GmbH, Airblast BV, Axxiom Manufacturing Inc., BLASTCORE LLC, Burwell Technologies, Clemco Industries Corp., Empire Abrasive Equipment, Graco Inc., Guyson Corp., Kramer Industries Inc., ProBlast Inc., Raptor Blasting Systems LLC, Sintokogio Ltd., Surface Finishing Equipment Co., Tip Plus Corp., torbo ENGINEERING KEIZERS GmbH, Trinco Trinity Tool Co., Viking Corp., and Vixen Surface Treatments Ltd.

Market Driver

The global abrasive blasting equipment market is experiencing significant growth due to the increasing adoption of e-commerce platforms. With the rise of e-commerce sales, both business-to-business (B2B) and business-to-consumer (B2C) transactions have seen a surge. This trend is particularly noticeable in developing and underdeveloped countries where internet penetration and mobile app usage are expanding rapidly. Vendors and distributors of abrasive blasting equipment are capitalizing on this opportunity by increasing their online presence. They are selling their products on popular e-commerce websites such as Amazon and eBay, enabling them to reach a wider customer base and process orders from distant locations. This shift to e-commerce also benefits buyers, who can compare products and read reviews before making a purchase. The convenience of easy payment, packaging, and tracking options are expected to attract more vendors and buyers to the global abrasive blasting equipment market during the forecast period. 

The Abrasive Blasting Equipment market is witnessing significant growth due to its wide application in various industries. Key trends include the use of sand blasting machines for graffiti removal and surface preparation in manufacturing sectors, marine maintenance, and the automobile sector. Robotics and automation are also driving innovation in this space, with companies like Empire Abrasive Equipment leading the way. Wet blasting, vacuum blasting, centrifugal blasting, soda blasting, and various other methods are gaining popularity. Abrasive materials like Aluminum oxide, steel grit, and glass beads are commonly used. The market caters to different capacity requirements, from portable/mobile equipment to stationary/fixed installations above 3000 L. Key industries include petrochemicals, aerospace & defense, oil & gas, construction, and automotive. Sales are made through direct sales (OEMs), sales through distributors, and sales through online channels. Cost is a significant factor, with prices varying based on the size and type of equipment. 

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Market Challenges

The global abrasive blasting equipment market is experiencing significant changes due to increasing safety regulations and the adoption of automation. Automation is transforming industries such as oil and gas, construction, manufacturing, and chemicals, improving productivity and enabling companies to gain a competitive edge. Automated blasting systems, consisting of robotic arms, handling tools, conveyors, indexing tables, and sensors, are increasingly being installed in factories for more efficient workflows. Rapid advancements in software programming and vision technologies are expanding the scope of robot applications, enhancing accuracy, quality, and speed. These developments are driving the industry to replace manual blasting equipment with automated robotic systems, ensuring compliance with safety regulations and increasing efficiency.The Abrasive Blasting Equipment market faces several challenges in various industries. Rust and surface contaminants on metals like steel, aluminum, cast iron, and even national monuments require effective blasting solutions. Silicon Carbide, Glass Beads, Crushed Glass Grit, and other abrasives are commonly used for blasting. Wood, acrylic, fiberglass, and paint on plastic surfaces also need careful handling. Challenges include removing old paint and coatings for Paint Spraying & Coating applications, maintaining aircraft in the Aviation industry, and restoring historical structures. Blast cleaning methods like Airblast (dry and wet sand-blasting types) are popular. Companies like Midwest Finishing Systems and Clemco Industries Corp. Provide sandblasting machines. Environmental concerns, such as wastewater disposal and noise pollution, are growing issues. New blasting types, control systems, and tank capacities are being developed to address these challenges. Electroplating and pre-treatment processes also rely on abrasive blasting. Communication and training are essential for efficient operation. Increasing industrialization in metropolitan areas and the demands of industries like aerospace further fuel the market’s growth.

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Segment Overview 

This abrasive blasting equipment market report extensively covers market segmentation by  

End-user 1.1 Manufacturing1.2 Construction and maintenance1.3 OthersType 2.1 Semi automatic2.2 Automatic2.3 ManualGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Manufacturing-  Abrasive blasting is a crucial process in metal manufacturing, used for smoothing rough surfaces and removing burrs. Key industries, such as automotive, aerospace, shipbuilding, foundry, and rail, rely heavily on abrasive blasting equipment for surface finishing and peening. The automotive industry’s growth, driven by increasing disposable income and declining crude oil prices, will boost demand for these machines. Applications include vehicle manufacturing, refurbishing used vehicles, and restoring various structures like trolleys, antique cars, tanks, and railway carriages. Overall, the expanding automotive market and various applications will fuel the demand for abrasive blasting equipment in the foreseeable future.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Sandblasting Media Market is experiencing steady growth, driven by increasing demand in automotive, construction, and shipbuilding industries for surface preparation and cleaning. Key players are focusing on eco-friendly and efficient media types, like glass beads and garnet. Meanwhile, the Global Blast Furnaces Market is witnessing growth due to rising steel production, particularly in developing regions. Innovations in furnace technology to enhance energy efficiency and reduce emissions are also contributing to market expansion, with Asia-Pacific leading the demand.

Research Analysis

The Abrasive Blasting Equipment Market encompasses various techniques such as graffiti removal, surface preparation for manufacturing sectors, marine maintenance, and more. These methods include wet blasting, shot blasting, vacuum blasting, centrifugal blasting, soda blasting, steel grit blasting, bristle blasting, pencil blasting, bead blasting, and manual abrasive blasting. Abrasive materials used range from Aluminum oxide, Silica sand, Glass beads, Plastic media, and high-pressure water. The market caters to diverse industries like the Petrochemical industry, with direct sales (OEMs), sales through distributors, and sales through online channels. Cost-effective solutions and advanced technology drive the market’s growth. Techniques like sandblasting and abrasive material blasting are essential for efficient surface preparation. Other methods like wet blasting and vacuum blasting offer advantages such as reduced dust and improved efficiency.

Market Research Overview

Abrasive blasting is a versatile industrial process used for cleaning and preparing surfaces for various applications. It involves the use of high-velocity abrasive particles to remove unwanted deposits, rust, paint, and other surface contaminants. The process can be carried out using different types of blasting equipment such as sandblasting machines, shot blasting, wet blasting, vacuum blasting, centrifugal blasting, soda blasting, steel grit blasting, bristle blasting, pencil blasting, bead blasting, and more. The market for abrasive blasting equipment caters to various industries including manufacturing sectors, automobile sector, marine maintenance, graffiti removal, petrochemicals, aerospace & defense, oil & gas, construction, and automotive. Equipment sizes range from less than 1000 L to above 3000 L, with options for portable/mobile and stationary/fixed systems. Abrasive materials used include Aluminum oxide, Silica sand, Glass beads, Plastic media, Corn Cob Grit, Silicon Carbide, and more. Environmental regulations, high pressure, workplace safety standards, cost, noise emissions, and dust are significant factors influencing the market. Applications include commercial development, cleaning surfaces, coal sag removal, preserving national monuments, and restoration. Industries like aircraft maintenance, cast iron, fiberglass, wood, acrylic, and paint spraying & coating also utilize abrasive blasting equipment.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userManufacturingConstruction And MaintenanceOthersTypeSemi AutomaticAutomaticManualGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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PolyAI partners with OpenTable to offer enterprise restaurants and diners reservation support using voice AI

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LONDON and NEW YORK, Sept. 23, 2024 /PRNewswire/ — PolyAI, a pioneer in voice AI solutions for customer experience and service, today announced a partnership with OpenTable, a global leader in restaurant technology, expanding PolyAI’s guest-led voice assistants to enterprise restaurants. Locations that opt in will be able to take reservations over the phone, answer questions, gain visibility in customer trends, and deliver on-brand experiences – all while alleviating staff time and resources.

This alliance delivers PolyAI’s lifelike voice AI to help restaurants tackle challenges around staffing and provide consistent hospitality, even off premise. In a survey conducted by the National Restaurant Association, 62% of operators said their restaurants did not have enough employees to support existing demand. With onsite staff focused on in-house patrons, restaurant groups routinely miss between 30-60% of phone calls to their front of house (per PolyAI customer data) – meaning missed revenue opportunities and equally valuable customer touch points.

Never miss another call, thanks to PolyAI and OpenTable

With this strategic partnership, OpenTable’s global network of restaurants will be able to integrate PolyAI voice assistants, built using generative AI and spoken language technologies, to assist their diners in seamlessly booking and managing reservations over the phone, during and outside of operating hours.

“We know how tightly restaurants manage their guest experience and this can be even more complex for our partners doing business at scale,” said Susan Lee, Chief Strategy Officer at OpenTable. “We have, and continue to invest in, technology that pushes boundaries and enhances hospitality and our integration with PolyAI is a new way we can drive efficiencies for our restaurants, and diners.”

For larger operators, this partnership enables numerous iterations of voice assistants to cater to the unique needs of multi-location and multi-brand portfolios, while providing PolyAI’s proven enterprise-grade assurances around availability, security and data protection.

“We have extensive experience deploying voice assistants to hundreds of locations for some of the largest restaurant groups in the world, helping operators resolve up to 70% of calls over the phone without the need for additional staff,” said Michael Chen, VP of Strategic Alliances at PolyAI. “This strong connection with the restaurant industry started right from the earliest days of PolyAI. We’re thrilled to deepen that further and work with OpenTable to help even more restaurant operators attract more diners, streamline operations and maximise revenue.”

The journey starts at the Integration Marketplace

OpenTable restaurants will be able to request an integration with PolyAI via its Integration Marketplace, which powers 150+ integrations among the most widely used restaurant software. Beyond managing reservations over the phone, PolyAI’s guest-led voice assistants also offer operators a powerful new channel for implementing consistent brand experiences that can deliver greater personalisation, more proactive revenue and upsell as well as offer new ways of collecting diner feedback and tracking customer satisfaction.

About PolyAI

PolyAI is a leading provider of AI-powered voice assistants. Their customer-led voice assistants are used across industries within global companies where B2C conversations are crucial, like Whitbread, Greene King, Caesars Entertainment and FedEx. PolyAI’s award-winning voice assistants have earned renown for their ability to understand natural language and provide quick, accurate and helpful responses. Hear more about what they’re bringing to the market by visiting poly.ai

About OpenTable

OpenTable, a global leader in restaurant tech and part of Booking Holdings, Inc. (NASDAQ:BKNG), helps more than 60,000 restaurants worldwide fill 1.7 billion seats a year.  OpenTable’s world-class technology empowers restaurants to focus on what matters most – their team, their guests, and their bottom line – while enabling diners to discover and book the perfect restaurant for every occasion.

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VeriPark Receives Microsoft Business Applications 2024/2025 Inner Circle Award and Joins Partner Advisory Council

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LONDON, Sept. 23, 2024 /PRNewswire/ — VeriPark, a Microsoft Solutions Partner in the Financial Services Industry, has been selected for the Business Applications 2024-2025 Microsoft Inner Circle and the Microsoft Financial Services Partner Advisory Council.

Participation within Inner Circle is based on sales achievements that rank VeriPark in the top echelon of Microsoft’s Business Applications global network of partners. Inner Circle members are known for performing at a high-level by delivering innovative solutions that help organizations excel.

Ozkan Erener, CEO VeriPark: “We are honored to once again be recognized by Microsoft for our commitment to driving digital transformation for our clients. Partnering closely with Microsoft allows us to harness the latest technologies to revolutionize the Financial Services Industry. This recognition highlights the success of our collaborative strategy and execution.”

VeriPark first joined Microsoft’s Inner Circle in 2011 and has since provided innovative solutions that help financial institutions achieve a competitive advantage. By leveraging Microsoft’s platform, VeriPark continues to offer unparalleled services and solutions to its clients.

“Partners achieving the Inner Circle demonstrate an exceptional impact helping customers accelerate their AI and digital transformation with Dynamics 365 and Power Platform,” said Peter Jensen, Microsoft Business Application Partner Strategy Lead. “Microsoft AI Cloud Partner Program partners who achieve the Business Application Inner Circle distinction stand out for their deep AI, Cloud and Industry knowledge.”

Additionally, VeriPark’s selection for the Financial Services Partner Advisory Council highlights its role in shaping Microsoft’s financial services strategies and product roadmaps. As a PAC member, VeriPark will provide feedback on Microsoft’s financial services solutions and gain early insights into future roadmaps.

About VeriPark 

VeriPark is a global solutions provider enabling financial institutions to become digital leaders by placing Customer Experience at the core of digital transformation. VeriPark’s Intelligent Customer Experience suite delivers world class customer journeys on digital and assisted channels.

With its main offices located in the United Kingdom, Europe, North America, Asia, Africa and the Middle East, VeriPark helps financial institutions to enhance customer acquisition, retention and cross-sell capabilities. Their proven, secure, and scalable solutions cover Customer Engagement, Omni-Channel Delivery, Branch Automation, and Loan Origination. VeriPark collaborates with clients, crafting innovative technology strategies and solutions, that impact millions of people daily, bringing the promise of digital transformation to life.

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Huawei Updates FTTO 2.0 and Releases New Scenario-based Products, Driving Campus Networks to Wi-Fi 7 Era

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SHANGHAI, Sept. 23, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei updated fiber to the office (FTTO) 2.0 and launched a series of new scenario-based products for industries such as education, healthcare, and hospitality. The next-generation green 10G all-optical network oriented to Wi-Fi 7 accelerates fiber-in copper-out and contributes to campus intelligence.

“In the Wi-Fi 7 era, Fiber-in Copper-out is a must for campus networks, and FTTO 2.0 commercial use is accelerating. Huawei is willing to work with customers and partners to seize opportunities in optical business, achieving a win-win future for campus intelligence.” noted Gavin Gu, President of Enterprise Optical Business Domain, Huawei.

Huawei’s FTTO 2.0 solution achieves a simplified architecture with the number of network layers cut from three to two, active to passive transition, 30% lower energy consumption, and 80% less cabling. Based on XGS-PON Pro and Wi-Fi 7 technologies, this solution supports 12.5G/25Gbps to rooms, 10Gbps to APs, and 2.5Gbps to desktops. The hard slicing technology enables multiple services to be carried over one network, reducing the TCO by 30%. This helps enterprises build green, ultra-broadband, and simplified campus networks.

At the session, Huawei released a selection of FTTO 2.0 products for various scenarios and industries.

In the education industry, Huawei launched the industry’s first high-density ultra-10G optical terminal Huawei OptiXstar P884E for smart classrooms. Meeting the requirements of high-density and high-bandwidth access scenarios, this product implements 12.5G/25Gbps to classrooms and 2.5Gbps to desktops. For dormitories, Huawei launched the industry’s first 8-port Wi-Fi 7 optical AP OptiXstar W617E, which supports unified wired and wireless access for a room with 8 students. For education metro networks, Huawei launched the edge optical gateway Huawei OptiXstar E853E. Supporting remote PON port deployment, closed-loop local service forwarding, and flexible configuration, the Huawei OptiXstar E853E meets the access requirements of all services in campuses such as primary schools and kindergartens.

For hospital wards, Huawei launched the industry’s first 10G ceiling-mounted Wi-Fi 7 optical AP Huawei OptiXstar W817C, whose seamless roaming technology enables mobile ward rounds.

For hotels, Huawei launched the next-generation three-in-one Wi-Fi 7 optical AP Huawei OptiXstar W827E-3, which supports unified access of wired, wireless, and telephone services so that one ONT can carry all services in each guest room over one fiber. In this way, it provides ultimate Wi-Fi 7 network experience at a lower cost and improves the positive feedback rate of guests.

For factory workshops, Huawei launched the small-sized industrial optical terminal Huawei OptiXstar T602E, which supports guide rail installation and fiber to the machine without extra cabinets, allowing for flexible capacity expansion. By helping to build a reliable and flexible advanced industrial network for smart factories, the product improves the quality and efficiency of factory production.

Huawei’s FTTO solution has been put into commercial use in more than 9000 campuses around the world. In addition, Huawei’s 50G POL solution that supports hard slicing has also been put into commercial use.

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