Global Coating equipment Market Size study & Forecast, by Type (Liquid Coating, Powder Coating, and Specialty Coating), By End-use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Infrastructure) and Regional Analysis, 2022-2029
Global Coating equipment Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Equipment used to apply a coating to a substrate is known to as coating equipment. These coatings are applied to prevent rust, corrosion, and degradation, extending their life span without the need for maintenance or replacement. Similar to this, the equipment used to apply the various types of coatings can be broadly divided into liquid coating tools, powder coating tools, and specialty coating equipment. The rise in demand for the product from a variety of applications, including automotive, aerospace, and construction, as well as the need for an alternative to the current coating systems, are major factors that are anticipated to propel the expansion of the coating equipment market over the coming years. In addition, a number of factors are accelerating the growth of the coating equipment market, including the quick industrialization and the expansion of the building industry as a result of population growth and urbanization.
The coating equipment are widely used in automotive and transportation sector for coating work. Thus, the rising automotive industry is anticipated to create the lucrative demand for the market. According to Statista, in 2015 the revenue of automotive industry in Germany was USD 162.46 billion and in 2020 the number reached USD 191.61 billion. As a result, rising automotive industry is anticipated to create the lucrative demand for the market during forecast period. Additionally, advancement of the new technology is anticipated to create the lucrative opportunity for the market during forecast period. However, the availability of low-cost alternatives in some applications is expected stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Coating equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of high tech and advanced industries and presence of key market players in the region. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as growing number of automotive and manufacturing industries and growing building infrastructure development would create lucrative growth prospects for the Coating equipment market across Asia Pacific region.
Major market player included in this report are:
Nordson Corporation
IHI Corporation
OC Oerlikon Corporation AG
Sata GmbH & Co. Kg
Graco Inc.
Anest Iwata
Asahi Sunac Corporation
Wagner GmbH
Carlisle Companies
Wiwa Wilhelm Wagner GmbH
Recent Developments in the Market:
In Feb. 2019, Graco launched New Innovative Airless Spraying Technologies. Most of the new electric-powered airless sprayers come with the BlueLink Job & Sprayer Management System. In order to satisfy the needs of business owners, managers, and painters, the BlueLink system provides contractors with real-time worksite and sprayer information as well as a variety of levels of access.
Global Coating equipment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-use Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Liquid Coating
Powder Coating
Specialty Coating
By End-use Industry:
Automotive & Transportation
Aerospace
Industrial
Building & Infrastructure
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Companies Mentioned
Nordson Corporation
IHI Corporation
OC Oerlikon Corporation AG
Sata GmbH & Co. Kg
Graco Inc.
Anest Iwata
Asahi Sunac Corporation
Wagner GmbH
Carlisle Companies
Wiwa Wilhelm Wagner GmbH
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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