Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Coating Equipment Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
An extensive coating equipment market report has been added to our renowned collection of industry research publications, offering vital insights into the segment's burgeoning growth. The comprehensive analysis provides an in-depth look at the various types of coating equipment, detailing their applications across pivotal industries such as automotive, aerospace, and electronics to name a few.
The report segments the market into powder coating equipment, liquid coating equipment, and specialty coating equipment, each of which plays a vital role in different industrial applications. The study examines the materials used in these equipment types, including polyester, polyurethane, and epoxy, and investigates their usage across diverse application methods like spraying, plating, and thermal spraying.
According to the latest findings, the coating equipment market is projected to experience a significant surge, with estimates highlighting growth from $21.9 billion in 2023 to $23.66 billion in 2024, marking an impressive compound annual growth rate (CAGR) of 8.0%. This robust growth trajectory underscores the expanding role of coating technologies in enhancing the lifecycle and efficiency of products in various end-user markets.
Key Drivers and Industry Trends
- Upsurge in construction activities and industrial manufacturing.
- Increased demand for high-performance and environmentally friendly coatings.
- Technological advancements and integration of industry 4.0 within the coating processes.
- The burgeoning electric vehicle (EV) market significantly influencing product innovation and demand.
The future outlook also remains strong, with the market anticipated to rise to $32.58 billion by 2028, propelled by a CAGR of 8.3%. Factors such as rapid urbanization, advancements in coating technologies, and an expanding EV sector play a crucial role in fueling this growth.
In the competitive landscape, strategic alliances and acquisitions are pivotal, with key players engaging in partnerships to broaden their technological capabilities. Innovations in equipment lines are setting trends to cater to the demanding and sophisticated needs of various industries, particularly in medical devices and aerospace sectors.
Regional Market Highlights
In 2023, the Asia-Pacific region led the market, showing significant advances in coating technologies and industry applications. North America closely followed, with both regions demonstrating proactive approaches in adopting innovative coating solutions. The report covers a geographical analysis that includes major countries such as China, India, Japan, the United States, and several European nations.
For industry stakeholders, enthusiasts, investors, and business strategists, this report sheds light on the critical developments and market dynamics of the coating equipment market. The research is instrumental for those seeking to understand the opportunities and challenges in this sector as it moves forward.
The report emphasizes the factory gate values in the coating industry, providing a precise representation of the market based on the value of goods produced by manufacturers. Focused on current industry trends and future growth projections, the publication offers a strategic overview of the global coating equipment landscape, steering businesses towards informed decision-making to leverage market opportunities.
A selection of companies mentioned in this report includes
- IHI Corporation
- AJA INTERNATIONAL
- ANEST IWATA Corporation
- ASAHI SUNAC CORPORATION
- Axalta Coating Systems
- Blösch AG
- Bühler AG
- Carlisle Companies
- CVD Equipment Corporation
- Exel Industries
- Fujimi Corporation
- Gema USA Inc.
- Graco Inc.
- Guangdong HuiCheng Vacuum Technology Co.Ltd.
- KOLZER SRL
- Miba AG
- Nordson Corporation
- OC Oerlikon Management AG
- Oxford Instruments
- Picosun Oy
- PVD Products Inc.
- SATA GmbH & Co. KG
- Semicore Equipment Inc.
- Singulus Technologies AG
- T-M VACUUM PRODUCTS INC.
- ULVAC Inc.
- Wagner Group
- Carlisle Fluid Technologies
- Bystronic Lenhardt GmbH
- Chemetall India Pvt. Ltd.
- DeVilbiss Automotive Refinishing
- Durr AG
- Ecco Sko A/S
- Gema Powder Coating
For more information about this report visit https://www.researchandmarkets.com/r/ndaw5y
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