Coating Equipment Market Analysis, Trends, Outlook, Growth and Forecast 2027

[manisha kashid]

These coating systems are primarily used to prevent corrosion in corrosion-prone steel and metal structures and buildings, such as bridges, underground pipelines, buildings, machines and mechanical devices (such as motion control systems, stationary or mobile robots), and offshore platforms. Industrial coating equipment is also used to apply fire-resistant coatings.

Coating Equipment Market Report Scope and Research Methodology:

The report clearly represents a Coating Equipment Market structure, which includes current trends in the market and forecasts to identify potential investment areas. It consists of various factors affecting the Coating Equipment market such as historical data, recent technological development, competitive landscape, and government policy. The Coating Equipment Market report provides information on major drivers, restraints, challenges and opportunities for clients. For easy understanding, the market has been divided into three major segments and these major segments of the Coating Equipment Market were further divided into various sub-segments. The report also includes a segment-wise analysis of the factors influencing the market growth with the competitive analysis, major market players have been included in the report by their expansion plans, product, investments, pricing and presence in the Coating Equipment industry.

Both primary and secondary research methods were used and the data collected for the Coating Equipment Market report by using these methods were combined to draw accurate and error-free inferences. The primary research included interviews with subject-matter experts, Coating Equipment industry participants, high-level executives of key market players, industry consultants and other experts. The Coating Equipment Market report includes a PESTLE analysis, which aids in the development of company strategies. SWOT analysis was conducted to provide the strengths and weaknesses of the Coating Equipment Market.

Coating Equipment Market Overview:

The market growth drivers and challenges, as well as company plans, procedures, and a detailed financial strategy, are all explored in the research. Customization, as well as extensive information about Coating Equipment industry potential, meets customer expectations. The Coating Equipment Market study investigates the industry's competitive landscape and leading players. Considering modern industrial conditions, this Coating Equipment Market study help with structure planning.

Coating Equipment Market size was valued at US$ 20.3 Bn. in 2021 and the total revenue is expected to grow at 6.8% through 2022 to 2027, reaching nearly US$ 30.12 Bn. by 2027.

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Coating Equipment Market Dynamics:

Market advanced technology - The application of sophisticated coating technology is expected to drive Coating Equipment Market growth. Nanotechnology, IoT, AI, and other cutting-edge technologies are being used in paint coating equipment, which is transforming the industry. Newer, more efficient technologies ensure proper application, reduce waste, and increase dependability. Furthermore, the ongoing need to replace an old coating system with a new one fuels the market demand.

Coating Equipment Market Segmentation:

The Coating Equipment Market is divided into three categories based on type: Liquid coating, Powder coating, and Speciality coating. Powder coating and speciality coating will dominate the market in 2021, with a combined market share of 40%. Because of the ability of specialty equipment to quote virus products such as wood, metal, and flooring, it is the market leader and a highly demanded product. Powder Coating has the ability to coat products with properties such as de-icing, abrasion, corrosion, and heat resistance, which is why it has such a large market share and is expected to grow in the future. Liquid Coating will hold 20% of the market in 2021.Although the market is small because it is primarily used in the construction sector, its demand will increase as urbanization and construction increase. Specialty Coating is expected to grow at the fastest rate during the forecast period and to lead the market by 2027.

The Coating equipment market is divided into four applications: industrial, automotive, construction, and aerospace. With a market share of 43% in 2021, the industrial sector will dominate the market. The industrial sector dominates the market due to the widest application of coating equipment in machinery, manufacturing, and mass production. The automotive sector has a market share of 28% in 2021 and ranks second in the market due to the extensive use of Coating Equipment in this sector, with specialty coatings being used primarily in high-temperature applications. Due to the widespread use of liquid coating, the construction sector will hold 17% of the market in 2021.However, due to the world's rapid urbanization, the sector may grow at a rapid pace. The remaining 12% is in the aerospace sector, which is in the hands of very few countries, as are the people who use these services, and their frequency of use is lower than in any other sector.

Coating Equipment Market Key Players:

Nordson Corporation (US)
Anest Iwata (Japan)
Graco Inc. (US)
C. Oerlikon (Switzerland)
IHI Ionbond AG (Switzerland)
SATA GmbH & Co. KG. (Germany)
ASAHI SUNAC CORPORATION (Japan)
Wagner GmbH (Germany)
Carlisle Companies (US)
OC Oerlikon Management AG (Switzerland)
Gema USA Inc. (US)
Axalta Coating Systems (US)
Cardinal (US)
Praxair ST Technology Inc. (US)

Coating Equipment Market Regional Insights:

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Coating Equipment market. The report forecasts the revenue growth at regional and country levels in terms of USD value from 2021 to 2029. Regional analysis with the Coating Equipment market size of each region is included in the report. The countries portion of the research examines a variety of market elements that are expected to influence current and future Coating Equipment market trends, as well as changes in market rules at the country level. Some of the primary components used to forecast each country's Coating Equipment market situation include consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.

Key Questions answered in the Coating Equipment Market Report are:

• What are the Coating Equipment market segments?
• Which segment in the Coating Equipment market is expected to grow rapidly during the forecast period?
• Which are the prominent players in the Coating Equipment market?
• What key trends are expected to emerge in the Coating Equipment market during the forecast period?
• What was the Coating Equipment market size in 2021?
• Which region dominated the Coating Equipment market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2027.
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segments with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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About Stellar Market Research

Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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