Coating Equipment Market Growth Offers Room to Grow to Existing & Emerging Players

Stratview Research has published a new report on the Coating Equipment Market, segmented by Type (Powder Coating, Liquid Coating, and Specialty Coating), by End-Use Industry Type (Automotive, Aerospace, Construction, Industrial, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.

Market Highlights

Coating Equipment Market is likely to witness an impressive CAGR of 5.8% during the forecast period. Increasing demand from various end-use industries, development of new coating applications, and growing interest towards development of advanced coating equipment, are the key driving forces fueling the market for coating equipment.

Covid Impact

Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.

Segmentation –

This report studies the Coating Equipment Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Based on the type, the market is segmented as powder coating, liquid coating, and specialty coating. Specialty coating dominated the market in 2019, and is expected to maintain its dominance during the forecast period. Chemical vapor deposition, physical vapor deposition, plasma coating, and thermal sprays are among the key types included in the segment. There is a dramatic increase in the number of applications for specialty coating, which is fueling the demand for the segment. 

Based on the end-use industry type, the coating equipment market is segmented as automotive, aerospace, construction, industrial, and others. The automotive industry is likely to offer sizeable opportunities in the market during the forecast period. There is a constant improvement in the manufacturing of automotive components in order to meet the growing need for delivering high-performance products that consistently meet the industry specification. Reliable performance, minimal maintenance requirements, optimum coating material utilization, and corrosion and UV-resistant coatings are some hot spot value additions provided by the use of efficient coating equipment in the industry.

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing coating equipment market during the forecast period, with China, Japan, and India, being the key countries with lucrative growth opportunities. The region has a greater number of players and has comparatively high competition when compared to the developed western economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Following are the key players in the Coating Equipment Market:

• Asahi Sunac Corporation
• Carlisle Companies
• Exel Industries
• Graco Inc.
• IHI Corporation
• Nordson Corp.
• OC Oerlikon Corporation AG.

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