Stratview Research has published a new report titled “Coating Equipment Market” which is 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).

As per the study, Coating Equipment Market is expected to grow from USD 19.27 billion in 2021 to USD 28.26 billion by 2028 at a CAGR of 5.55% during the forecast period of 2022-2028. 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.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

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.

Which Region is expected to remain the largest market?

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.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen 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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