The growing demand from application industries and high demand for powder coatings are driving the need for the market.
Market Size – USD 16.10 Billion in 2019, Market Growth – CAGR of 6.2%, Market Trends – Growing demand from end-use industries.
The global Coating Equipment market is forecast to reach USD 25.25 Billion by 2027, according to a new report by Reports and Data. The size of the coating equipment market is projected to experience a surge in demand due to increased end-use applications in various industries like aerospace, automotive, manufacturing, transport, and construction. An increase in car sales along with an increasing population, a rapid boom in the infrastructure industry, and increased consumer buying power in emerging economies would improve the market. Heavy machinery used in various sectors utilizes different layering techniques to provide tool protection from corrosion, abrasion, rusting, and wear & tear, which would, in turn, increases the lifetime of these tools. Growing industrialization in developing nations’ construction and manufacturing industries would improve the demand. Increasing layering use in household appliances, vehicles, and bicycles would ensure more product development.
Robust demand growth due to increased government spending, rapid population growth, and ongoing progress on infrastructure projects in Middle Eastern economies is likely to increase commodity usage in the residential sector. Africa ‘s residential industry is projected to see growth due to increased foreign direct investment and increased consumer purchasing willingness.
Continuous advances in coating processes and equipment drive the demand in various applications. The manufacturers are actively undertaking R&D and are designing advanced equipment to meet the needs of customers. New technical innovations enables to accomplish faster coating methods and long-lasting adhesives.
Key participants include Castolin Eutectic, Praxair S. T. Technology, Inc., J Wagner GmbH, Asahi Sunac Corporation, Anest Iwata, Graco Inc, C Oerlikon Corporation AG, Sata GmbH & Co.Kg, Sulzer Ltd, and Nordson Corporation, among others.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented into the Global Coating Equipment market on the basis of Product, Distribution Channel, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Coating Equipment Market Segmentation & Impact Analysis 4.1. Coating Equipment Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Growing demand from application industries 4.2.2.2. High demand for powder coatings 4.2.3. Market restraints analysis 4.2.3.1. Volatile coatings price and high initial capital 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis 4.9. Customer Mapping 4.10. Covid-19 Impact Analysis 4.11. Global Recession Influence
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Chapter 9. Competitive Landscape 9.1. Market Revenue Share By Manufacturers 9.2. Manufacturing Cost Breakdown Analysis 9.3. Mergers & Acquisitions 9.4. Market positioning 9.5. Strategy Benchmarking 9.6. Vendor Landscape
Chapter 10. Company Profiles 10.1. Castolin Eutectic 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Praxair S. T. Technology, Inc. 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. J Wagner GmbH 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Asahi Sunac Corporation 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. Anest Iwata 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives 10.6. Graco Inc 10.6.1. Company Overview 10.6.2. Financial Performance 10.6.3. Technology Insights 10.6.4. Strategic Initiatives
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