Product ID: UCMIG45K2038
Report ID:
UCMIG45K2038 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global abrasive blasting nozzle market was worth USD 189.4 million in 2019 and is predicted to increase at a CAGR of 4.5% between 2020 and 2027. In regard to volume, demand in 2019 is expected to total 2.6 million units. The increased demand for blasting machines across many sectors and industry industries, such as automotive, commercial, and marine, can be contributed to the market's sustained stable rise. The requirement to choose an appropriate nozzle in order to achieve the intended objectives efficiently and effectively is likely to contribute to growth. Abrasive blasting is essential in a variety of applications, including removing paint or rust from metal machines.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Components by segment aggregation, the contribution of the Electronic Components in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45K2038