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Powder Coating Equipment Market To Grow at a CAGR of 5.5% By 2024

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Agricultural and Construction machinery, Architectural, and Furniture segments are expected to witness similar Y-o-Y growth during the forecast period. However, the Furniture segment is expected to witness significant growth post 2020 owing to incr
Regional analysis concludes that Asia Pacific will remain a fertile market for powder coating
equipment throughout the assessed period; it will possibly remain the largest as well as fastest
growing regional market through 2024. A fundamental shift from liquid spray to powder coating is
predicted to boost gradual sales of powder coating equipment during the period of forecast.
Persistence Market Research analyzes the global powder coating equipment market over an eightyear period, 2016-2024. According to a recent report outlook titled “Powder Coating Equipment
Market: Global Industry Analysis and Forecast, 2016 - 2024,” the US$ 2,127.7 Mn market for
powder coating equipment is likely to expand moderately over the forecast period, reaching a value
of US$ 3,275.2 Mn by 2024 end.
Report Overview @ https://www.persistencemarketresearch.com/market-research/powder-coatingequipment-market.asp
Key Component Insights
By component, booths and system segment will remain dominant, accounting for over 38% share of
the total revenues in 2024, followed by gun and oven segments. Booths and system segment will
reportedly witness a relatively higher CAGR over 2016-2024. Within this segment, automatic subsegment is likely to remain dominant but manual sub-segment will witness higher growth through
2024.
Key Application Insights
Based on application, general metal will continue to lead in terms of consumption, capturing a
revenue share of more than 33% in 2024, witnessing a gain by 460 BPS over the forecast period.
Automotive will continue to represent the second largest segment with over 15% market value share
in 2024. Others, appliances, and agriculture and construction will be the next key application
segments; however, the fastest growth will be seen in the general metal segment.
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Key Region Insights
On the basis of regional analysis, with a gain of over 250 BPS during the assessment period, APAC
will retain the top regional market position. This region will account for nearly 38% share of the
total revenues in 2024. China, India, and ASEAN countries will remain the prominent markets
within APAC. North America will also be a key market, followed by Europe.
Key Vendor Insights
Among the leading companies profiled in Persistence Market Research’s global powder coating
equipment market report, tier 1 companies will continue to capture around half of the market
revenue share.
Some of the key players partaking in the market are Nordson Corporation, Gema Switzerland
GmbH, Sames Technologies, J. Wagner GmbH, Nihon Parkerizing Co. Ltd., and MS
Oberflächentechnik AG. A few other notable companies include Asahi Sunac Corporation, Koryo
Coating Machine Industrial Co. Ltd., Mitsuba Systems (India) Pvt. Ltd., and Hangzhou Color
Powder Coating Equipment Co., Ltd.
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About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a
unique collaboration of data analytics and market research methodology to help businesses achieve
optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary
approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying
real-time data collection, big data, and customer experience analytics, we deliver business
intelligence for organizations of all sizes.
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