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Coating Equipment Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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Global coating equipment market is anticipated to value over USD 28.7 billion by 2026 end and record a CAGR of over 5.6% during the forecast period 2019 to 2026. A product is applied with a coating so that it improves the aesthetics and functiona
Coating Equipment Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global coating equipment market is anticipated to value over USD 28.7 billion by
2026 end and record a CAGR of over 5.6% during the forecast period 2019 to 2026.
A product is applied with a coating so that it improves the aesthetics and
functionality of the product. Right from heavy machinery used in manufacturing
factories to premium products like automobiles use coating. The advantages of
applying a coating on the product are to make it resistant from abrasion, corrosion,
wear & tear and rusting thus increasing the product lifespan. Therefore, there is an
increase of demand for coating equipment across all industries which has been the
driving force for the coating equipment market across the world.
A rise in population has led to a rise in the sales of automobiles which has increased
the demand for coating on automobiles which in turn boosts the coating equipment
market globally. People from emerging economies are seeing an increase in spending
capability. Along with that, the infrastructural industry is also booming. All these
factors will increase the requirement of coating equipment which will let the coating
equipment market expand even more during the forecast period.
Insights on Global Coating Equipment Market:
North America, especially the U.S, dominate the global market and major reason for
this dominance is the integration of advanced technologies by the industries in this
region. Europe is also expected to see a rise in the market growth during the forecast
period due to an increase in the consumption of layering in furniture, marine,
automotive and architecture sector. The reason for this is an improvement in the
safety standards on eco-friendly products.
Germany dominates the Europe regional market as it is the hub for automotive
industries and the demand for coating on automobile parts is on a rise. Skoda,
Mercedes-Benz, Volkswagen are some of the well-known consumers of coating
equipment product. Mexico is currently leading the Latin America market which is
expected to witness significant growth in the market during the forecast period. Asia
Pacific is a fast-growing market space due to rising demand for coating in industries
set in countries like India, China and Japan. China currently accounts for a larger
share in the coating equipment market and is expected to dominate during the
forecast period as well. India is also an evolving market space for coating equipment
market due to an increase in manufacturing and automobile industry and also
consumer goods like cell phones, TV will further drive the coating equipment market.
A booming construction industry in Middle East has also boosted the coating
equipment market in the region and is expected to witness a rise during the forecast
period as well.
Powder coating dominates this market segment and is expected to do the same
during the forecast period. Powder coating is eco-friendly and it produces less gas
emissions as compared to wet or liquid coating which gives it an upper hand in the
global market.
Automotive & transportation industry is currently dominating the global market and
is expected to stay consistent throughout the forecast period. An increase in
population has increased the demand for automobiles and public transport in
general which has also increased the coating equipment demand to apply coating on
these vehicles for increasing their lifespan. The population rise has also boosted the
civil industry which in turn helps the coating equipment market grow and this trend
will also be observed during the forecast period. Manufacturing of heavy machinery
required for the industrial sector also requires coating which further drives forward
the coating equipment market.
Nordson ASYMTEK, which is a sister company of Nordson Corp., developed a
software “Easycoat 6” in 2017. It provides process control for conforming coating
system and an accurate conformal layering along with traceability. It allows an
effective and easy way to create conformal programs. This software will help them
gain a good amount of traction in the global market during the forecast period.
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Global Coating Equipment Market Segmentation:
1. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
2.
•
•
•
By Coating Type
Powder Coating
Liquid Coating
Speciality Coating
3.
•
•
•
•
By Industry Type
Automotive & Transportation
Civil
Aerospace
Industrial
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Competitive Landscape:
• Nordson Corp.
• IHI Ionbond Ag.
• Graco
• Anest Iwata
• O.C. Oerlikon
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global coating equipment market
by region, by coating type, by industry type
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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