Coating Equipment Market – Global Industry Analysis And Forecast (2023-2029)

Coating Equipment Market was valued at US$ 25.23 Bn. in 2022.The Global Coating Equipment Market size is estimated to grow at a CAGR of 5.45% over the forecast period.
Coating Equipment Market Overview:
The Coating equipment is defined as any piece of equipment that is used to apply a coating to a substrate. Coatings are classed as liquid, powder, or specialty coatings, depending on the type of coating. These coatings are applied to protect them from rust, deterioration, and corrosion, extending their useful life without the need for maintenance or replacement.To know about the Research Methodology:- Request Free Sample Report

The report explores the Coating Equipment market & its segments (Type by-product, Material, Application, and Geography). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all Application sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Coating Equipment market & its drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Coating Equipment market & its contemporary competitive scenario.
Coating Equipment Market Dynamics:
Demand is rising for the Electric Vehicle across the Globe:

One of the most common consumers of coating equipment is electric automobiles. Coatings play an essential role in preventing rust and other damage to the substrates of electric vehicles and their Products. It also contributes significantly to the aesthetic qualities of electric vehicles. The demand for coating equipment is being driven by the rising consumption of coatings and coated electronic devices used in electric vehicles.

Governments Encouraging the Use of Electric Vehicles:

Due to growing climate change concerns, governments are promoting electric vehicles by giving purchase subsidies, incentives for the installation of charging stations, and funding for the development of electric battery technology. Policies have a significant impact on the development of electric mobility. The adoption of electric vehicles and charging stations is being set as a goal by several countries. Also, the advancement of important technology in electric vehicles allows for significant cost savings. This is propelling the electric car Application forward and, as a result, increasing demand for coating equipment.

For some applications, low-cost alternatives are available:

It is not feasible to use modern coating equipment in all applications. When it comes to choosing coating materials and applying them, the cost of equipment is a major consideration. High-end coating equipment may not be cost-effective for applications with less stringent standards and low volumes. Brushes and rollers, for example, are less expensive and are chosen in particular applications over other equipment. As a result, in some applications, the availability of low-cost alternatives is limiting the coating equipment Application.

Frequent adaptation of new technologies across the globe:

The coating equipment market in many applications is being driven by continuous developments in coating processes and coating equipment. Industries such as automotive, transportation, aerospace, and other sectors require specialized coating equipment. Coating equipment manufacturers are always doing research and development and creating innovative equipment to fulfill the needs of their clients. Coating equipment advancements are assisting in the development of speedier coating processes and longer-lasting coatings. The invention of tribo guns aided in the growth of the powder coating equipment market. A new coating produced by one coating manufacturer can reduce air drag and remove the debris build-up. Market participants would be able to grow their market in new applications as a result of the development of such new technology.

The development of less expensive coatings equipment:

When choosing a product, price is a significant consideration. The market is further challenged by the high initial cost of production and the cost of assembling the equipment. Manufacturers face a difficult problem in providing a lower-cost, higher-performing product. Focused research and development are required to produce high-quality, low-cost equipment. The key issue for coating equipment producers is to understand customer requirements and match industrial needs. With low-cost alternatives available for specific applications, the development of low-cost products would allow for greater penetration in application sectors.

Coating Equipment Market Trends:

The increased construction activities in the world, as well as the requirement to industrialize the liquid gasket coating technique with greater efficiency, have led to widespread adoption of coating equipment in commercial and residential sectors. This, together with increased disposable incomes, changing living standards, and a growing population, is primarily driving market expansion, particularly in emerging markets. Also, rising environmental awareness has aided the adoption of electric vehicles (EVs), where coating equipment is used to provide aesthetic appeal and protect automobile substrates and Products from rust and other problems. The product innovations, such as the introduction of customized coating equipment, as well as significant technological advancements in coating processes, are all contributing to market growth. Powder coating equipment is also being widely used in aluminum window extrusions, door frames, building facades, bathrooms, and electrical fittings, owing to its numerous advantageous features, such as durability, lifespan, and eco-friendliness.
Segment Analysis:
Based on Product, the Coating Equipment Market is segmented into Specialty coating, Powder coating, and Liquid coating. In the forecasting year, specialty coating equipment is predicted to grow at the fastest rate of 5.6 %. The increased use of technologies such as vapor deposition and chemical vapor deposition across a variety of industries is expected to boost growth. The Application is expected to develop due to specialized equipment's capacity to coat various goods such as wood, metal, and flooring. Also, because of its capacity to work on metals, the device is forecasted to replace powder coating equipment.

Powder coating is expected to increase at a CAGR of 7.2% in the forecasting year. The segment’s capacity to efficiently coat products with attributes including de-icing, abrasion, corrosion, and heat resistance is expected to bring a favorable scope. The liquid coating has a lower cost than other products, which is expected to boost market growth throughout the forecast period. Because of its widespread use in painting, it is expected to see increased demand in the building Application. Industrialization, urbanization, automobile Application expansion, and infrastructure remodelling and growth are all factors propelling the Liquid Coating Market forward.

Based on Application, the Coating Equipment Market is segmented into Automotive, Aerospace, Construction, Industrial, and Others. During the forecast period, the automotive application is expected to provide significant market opportunities. The manufacturing of automobile Products is constantly improving in order to fulfill the increased demand for high-performance products that consistently meet Application specifications. Some of the hot spot value improvements provided by the use of efficient coating equipment in the Application are reliable performance, minimal maintenance requirements, optimal coating material use, and corrosion and UV-resistant coatings.
Regional Insights:
The Coating Equipment Market in the Asia Pacific region is expected to grow at the fastest rate at a CAGR of 5.5% through the forecast period. By 2029, Asia-Pacific is expected to be the largest market for coating equipment, with a valuation of US$ 8.48 billion. The Coating Equipment Market is being driven by high population growth, industrial growth, increased demand for autos, and growing demand for more efficient coatings in the region. Due to the presence of expanding economies such as India and China, as well as Southeast Asian countries such as Thailand and Indonesia, the market in the region is experiencing tremendous expansion. During the forecast period, North America and Europe also are expected to offer significant growth prospects.
Coating Equipment Market Competitive Landscape:
The Coating Equipment Market research report offers useful insights into the global market, with a focus on leading companies such as Nordson Corporation, IHI Corporation, OC Oerlikon Corporation AG, Sata GmbH & Co. Kg, Graco Inc., and Anest Iwata. Our market analysis also includes a part dedicated only to such significant firms, in which our experts present an overview of all of the main players' financial statements, as well as product benchmarking and SWOT analysis. The competitive landscape section also contains an analysis of the above-mentioned players' global major development strategies, market share, and market position.

The objective of the report is to present a comprehensive analysis of the global Coating Equipment Market to the stakeholders in the Application. The past and current status of the Application with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Application with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the Application to the decision-makers.

The reports also help in understanding the Coating Equipment Market dynamic and structure by analyzing the market segments and projecting the Coating Equipment Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Coating Equipment Market make the report investor’s guide.
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Global Coating Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 25.23 Bn.


Forecast Period 2023 to 2029 CAGR:
5.45%
Market Size in 2029:
US $ 36.58 Bn.


 Segments Covered:
by Product
Specialty coating
Powder coating
Liquid coating


by Material
Polyester
Acrylic
PVC
Epoxy
Silicon


by Application
Automotive
Aerospace
Construction
Industrial
Other



Coating Equipment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Coating Equipment Market Key Players:
1. Nordson Corporation
2. Anest Iwata
3. Graco Inc.
4. OC. Oerlikon
5. IHI lonbond AG
6. SATA GmbH & Co. KG
7. ASAHI Sunac Corporation
8. Carlisle Companies
9. J. Wagner
10.WIWA Wihelm Wagner
11.Castolin Eutectic
12.Praxair S.T. Technology
13.AJA INTERNATIONAL Inc.
14.Picosun Oy
15.CVD Equipment Corporation
16.BIosch AG
17.KOLZER SRL
Frequently Asked Questions:
1] What is the forecasted market size and growth rate of the Coating Equipment market?
Ans. Forecasted market size US$ 36.58 Bn. till 2029, with a CAGR of 5.45%.

2] What are the key driving factors of the growth of the Coating Equipment market?
Ans. Demand is rising for the electric vehicle, resulting in the expansion of the market; governments encouraging the use of electric vehicles and adaptation of new technologies are some of the driving factors of the coating equipment market.

3] Which region is expected to hold the highest share in the Coating Equipment Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Coating Equipment Market. In this Region, China is its major contributor.

4] Which are the leading key players in the Coating Equipment market?
Ans. Nordson Corporation, Anest Iwata, Graco Inc., OC. Oerlikon, IHI lonbond AG, SATA GmbH & Co. KG, ASAHI Sunac Corporation,

5] What segments are covered in Coating Equipment?
Ans. The Coating Equipment market is segmented into Product, Material, application, and Geography.