The Thermal Spray Equipment Market size is estimated at USD 413.46 million in 2024, and is expected to reach USD 530.46 million by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
The market was negatively impacted in 2020 because of the COVID-19 pandemic. The nationwide lockdowns and stringent social distancing mandates caused supply chain disruptions across various markets. However, in 2021, the demand from various sectors recovered and is expected to grow at a significant rate in the coming years.
The global thermal spray equipment market is partially consolidated in nature. The major players in the market studied include (not in any particular order) Oerlikon, Linde, GTV Verschleibschutz GmbH, Kennametal, and Saint-Gobain, amongst others.
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