Vehicle Coating Service Market size is expected to reach US$ 13.90 Bn. by 2030, at a CAGR of 4% during the forecast period.Vehicle Coating Service Market Overview
The vehicle coating offers protection against corrosion and environmental aggressors like rust, water, snow, and moisture. It reacts with the vehicle paint and creates a protective layer on the automotive. These coatings are easy to apply, economical, and provide long-lasting solutions with visual appeal. The growing production of vehicles in developing countries like China, India, Brazil, Mexico, South Korea, and South Africa are expected to drive then the growth of the vehicle coating market in the region.To know about the Research Methodology :- Request Free Sample Report The report covers the detailed analysis of the global vehicle coating industry with the classifications of the market based on coat type, technology, and region. Analysis of past market dynamics from 2018 to 2023 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it. The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Vehicle Coating Service Market Dynamics
Government bodies are taking initiatives toward environmental protection The manufacturers are highly investing in introducing economical and high-performance solutions to the vehicles due to the increase in consumer trend towards low maintenance vehicles. Also, a rise in the demand for economical coating solutions and the used vehicle market across the globe is expected to drive the growth of vehicle coating globally. Similarly increasing competition in the vehicle industry, demand for electric and hybrid vehicles in light of carbon emissions and to provide high-quality coating solutions to consumers are expected to fuel the vehicle coating industry size during the forecast period. The cost of raw materials and difficulty in sourcing raw materials for manufacturing the coatings are expected to hinder the growth of the vehicle coating market during the forecast period.Vehicle Coating Service Market Segment Analysis
By Coat Type, the vehicle coating market is segmented into clearcoat, the basecoat, e-coat, and primer. The clearcoat segment accounted for the significant share in 2023, in terms of volume, followed by primer, e-coat, and basecoat. Where Basecoat accounted for 43.9% of the global revenue share in 2023 and is expected to drive the growth of the vehicle Coating Service market during the forecast period as they give desired color and exterior aesthetics to vehicles. The new technology developments use two layers of basecoat than the primer layer, as one layer of basecoat absorbs UV radiation and the other is advanced basecoat. Thus this is anticipated to fuel the basecoat segment in the vehicle coating market during the forecast period. By Technology, water-borne technology accounted for the largest in 2023 and is expected to hold an xx% share of the global vehicle coating market during the forecast period followed by powder coating technology. The main reason for growing water-borne technology is its low toxicity, low VOC levels, and low HAP emissions, which helps reduce air emission. Thus many countries have implemented regulations to use eco-friendly technologies in coating systems, which is expected to fuel the growth of the water-borne segment rapidly during the forecast period. Similarly, the powder coating segment is expected to grow at the highest CAGR of 6.2% during the forecast period owing to the eco-friendliness and high-quality finishes, and reduces high resistance to corrosion, chipping, and abrasion. Where solvent-borne has widely used technology which is expected to observe slow growth due to volatile organic compounds emissions and hazardous air pollutants, such as toluene, xylene, ethylbenzene, and methyl ethyl ketone. Europe is projected to account for a major share of the global vehicle coating service market due to stringent regulations regarding the use of harmful chemicals across Europe. Also, Asia Pacific is projected to account for a significant share of the global vehicle coating service market due to a rise in the sale of vehicles across the region. Customer’s inclination toward adapting old vehicles across the region is likely to drive the growth of the vehicle coating service market in the Asia Pacific.Vehicle Coating Service Market, Key Highlights:
Global Vehicle Coating Service Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Vehicle Coating Service Market Global Vehicle Coating Service Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global Vehicle Coating Service Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Vehicle Coating Service Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Vehicle Coating Service Market are also profiled.Vehicle Coating Service Market Scope: Inquire before buying
Global Vehicle Coating Service Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 10.56 Bn. Forecast Period 2024 to 2030 CAGR: 4% Market Size in 2030: US $ 13.90 Bn. Segments Covered: by Coat Type Clearcoat Basecoat E-coat Primer by Technology Solvent-borne Water-borne Powder coating Vehicle Coating Service 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)Vehicle Coating Service Market, Key Players are
1. 3M 2. Axalta Coatings Systems LLC 3. BASF SE 4. PPG Industries Inc. 5. Kansai Paint Co. Ltd 6. Nippon Paint Holdings Co. Ltd 7. KCC Corporation 8. Akzo Nobel N.V 9. Lord Corporation 10. Cabot Corporation 11. Clariant 12. DSM 13. Detailing Devils 14. AutoHerb 15. Kleen Touch 16. Ceramic Pro 17. Valspar Corporation 18. Sherwin-Williams 19. Jotun A/S 20. Axalta Coating Systems 21. PPG Industries Inc. 22. Solvay 23. Eastman Chemical Company 24. Bayer AG Frequently Asked Questions: 1. Which region has the largest share in Global Market? Ans: Europe region held the highest share in 2023. 2. What is the growth rate of Global Market? Ans: The Global Vehicle Coating Service Market is growing at a CAGR of 4% during forecasting period 2024-2030. 3. What is scope of the Global Market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Market? Ans: The important key players in the Global Market are – 3M, Axalta Coatings Systems LLC, BASF SE, PPG Industries Inc., Kansai Paint Co. Ltd, Nippon Paint Holdings Co. Ltd, KCC Corporation, Akzo Nobel N.V, Lord Corporation, Cabot Corporation, Clariant, DSM, Detailing Devils, AutoHerb, Kleen Touch, Ceramic Pro, Valspar Corporation, Sherwin-Williams, Jotun A/S, and Axalta Coating Systems. 5. What is the study period of this Market? Ans: The Global Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Vehicle Coating Service Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Vehicle Coating Service Market 3.4. Geographical Snapshot of the Vehicle Coating Service Market, By Manufacturer share 4. Global Vehicle Coating Service Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Vehicle Coating Service Market 5. Supply Side and Demand Side Indicators 6. Global Vehicle Coating Service Market Analysis and Forecast, 2023-2030 6.1. Global Vehicle Coating Service Market Size & Y-o-Y Growth Analysis. 7. Global Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 7.1.1. Clearcoat 7.1.2. Basecoat 7.1.3. E-coat 7.1.4. Primer 7.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 7.2.1. Solvent-borne 7.2.2. Water-borne 7.2.3. Powder coating 8. Global Vehicle Coating Service Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 9.1.1. Clearcoat 9.1.2. Basecoat 9.1.3. E-coat 9.1.4. Primer 9.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 9.2.1. Solvent-borne 9.2.2. Water-borne 9.2.3. Powder coating 10. North America Vehicle Coating Service Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 12. Canada Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 13. Mexico Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 14. Europe Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 15. Europe Vehicle Coating Service Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 17. France Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 18. Germany Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 19. Italy Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 20. Spain Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 21. Sweden Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 22. CIS Countries Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 23. Rest of Europe Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 24. Asia Pacific Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 25. Asia Pacific Vehicle Coating Service Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 27. India Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 28. Japan Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 29. South Korea Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 30. Australia Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 31. ASEAN Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 32. Rest of Asia Pacific Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 33. Middle East Africa Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 34. Middle East Africa Vehicle Coating Service Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 36. GCC Countries Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 37. Egypt Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 38. Nigeria Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 39. Rest of ME&A Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 40. South America Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 41. South America Vehicle Coating Service Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 43. Argentina Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 44. Rest of South America Vehicle Coating Service Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Coat Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Vehicle Coating Service Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. 3M 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. 3M 45.5. Axalta Coatings Systems LLC 45.6. BASF SE 45.7. PPG Industries Inc. 45.8. Kansai Paint Co. Ltd 45.9. Nippon Paint Holdings Co. Ltd 45.10. KCC Corporation 45.11. Akzo Nobel N.V 45.12. Lord Corporation 45.13. Cabot Corporation 45.14. Clariant 45.15. DSM 45.16. Detailing Devils 45.17. AutoHerb 45.18. Kleen Touch 45.19. Ceramic Pro 45.20. Valspar Corporation 45.21. Sherwin-Williams 45.22. Jotun A/S 45.23. Axalta Coating Systems 45.24. PPG Industries Inc 45.25. Solvay 45.26. Eastman Chemical Company 45.27. Bayer AG 46. Primary Key Insights