Global Paint Booth Market to Reach $868.1 Million by 2030
The global market for Paint Booth estimated at US$676.8 Million in the year 2023, is expected to reach US$868.1 Million by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030. Downdraft Paint Booth, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$366.7 Million by the end of the analysis period. Growth in the Cross draft Paint Booth segment is estimated at 4.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $202.3 Million, While China is Forecast to Grow at 3.6% CAGR
The Paint Booth market in the U.S. is estimated at US$202.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$155.4 Million by the year 2030 trailing a CAGR of 3.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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