The latest research study “Coating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global coating equipment market size reached a value of US$ 19.58 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.7 Billion by 2027, exhibiting a CAGR of 5.70% during 2022-2027.
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Coating equipment are precisely designed industrialized tools used in coating procedures on mass production lines. They enhance efficiency and ensure optimum drying in the coating process by promoting the uniform distribution of paints and coats on different components. Coating equipment increases the aesthetic properties of devices, components, and target materials by utilizing state-of-the-art technology. They also protect products against rusting, degradation, corrosion, and ultra-violet (UV) radiation at affordable prices. As a result, they find a wide range of applications across automotive, aerospace, industrial, building and construction, marine, medical, electrical and electronics, utility, and oil and gas industries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Coating Equipment Market Trends and Drivers:
The global coating equipment market is primarily driven by the significant growth of the building and construction industry that uses coatings to improve the visual appeal of buildings, protect infrastructure from harmful radiations, and reduce optical glares. In addition, rapid urbanization, improving living standards and increasing population are facilitating the market growth.
Besides this, the introduction of electric vehicles due to the increasing environmental consciousness has escalated the demand for coating equipment as it is utilized to impart aesthetic appeal and protect automobile substrates and components against rust and other damages.
Moreover, the advancement in fabrication technology has strengthened the optical coating capabilities to deliver sophisticated, high quality, and multilayer coatings. Furthermore, manufacturers are offering customized coating equipment to meet the evolving needs of different applications, which is expected to create a positive outlook for the market in the upcoming years.
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Global Coating Equipment Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group.
The report has segmented the market on the basis of region, product, distribution channel and application.
Breakup by Product:
- Powder Coating Equipment
- Liquid Coating Equipment
- Specialty Coating Equipment
Breakup by Distribution Channel:
- Wholesale Distributor
- Retail Distributor
Market Breakup by Application:
- Automotive
- Aerospace
- Construction
- Industrial
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Read Also: Automated Guided Vehicles Market Size Research Report, 2022-2027
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