Coating Equipment Market Size, Share, Trends, Growth 2032

Coating Equipment Market: Industry Prospective

The global coating equipment market size accrued earnings worth approximately USD 17.99 Billion in 2023 and is predicted to gain revenue of about USD 28.02 Billion by 2032, is set to record a CAGR of nearly 5.05% over the period from 2024 to 2032.

The study covers the key drivers and restraints of the coating equipment market along with their market impact within the forecast period. Furthermore, the study also includes the opportunities accessible in the coating equipment market on a global level.

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Coating Equipment Market: Overview

Coating equipment is used to coat the surface of an object with thin layers of a covering substance. This coating equipment enhances the object’s critical properties and forms a protective barrier against corrosion of the surface that occurs due to the surface’s reaction with the various elements present in the external environment.

The global coating equipment market is likely to experience significant growth over the upcoming years, owing to the rising demand for innovative and improved coating equipment products across various industrial sectors and growing demand for coating equipment by automotive, aerospace, industrial, building and construction, and marine industries. Additionally, the rising awareness regarding energy conservation among global consumers and an increasing number of supportive government policies across the world are some other key factors fuelling the global coating equipment market. Robust industrialization and easy availability of raw materials are also expected to increase the demand for coating equipment in the years to come.

However, the availability of low-cost alternatives for some applications may act as a restraining factor and hamper the coating equipment market development globally. Alternatively, the growing focus on research & development of innovative technology for coating equipment by the major market players is likely to open new growth avenues for the coating equipment market globally.

In order to offer the users of this report, a comprehensive read of the coating equipment market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the coating equipment market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

The study also includes the market share of the key participant’s operating in the coating equipment market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

Coating Equipment Market : Report Scope

Coating Equipment Market: Segmentation

The study provides a crucial view of the coating equipment market by segmenting it based on coating type, end-use industry, and region. 

On the basis of coating type, the global coating equipment market is divided into powder, liquid, and specialty.

Based on end-use industry, the global coating equipment market is mainly classified into automotive and transportation, industrial, aerospace, building and construction, and others. In 2018, the industrial segment dominated the global coating equipment market.

Asia Pacific Market To Register Highest CAGR Over 2024-2032

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

In 2018, the Asia Pacific region held the largest share of the coating equipment market globally. This regional dominance can be mainly attributed to the rapidly flourishing marine and aerospace industries in the region. Moreover, the Asia Pacific coating equipment market is anticipated to be the fastest growing region over the forecast time period, owing to the developing automotive industry across the region. China, Japan, and India are likely to be the rapidly growing countries in the region’s coating equipment market in the future.

Coating Equipment Market: Competitive Space

Key players profiled in the report include 

• IHI Corporation
• Nordson Corporation
• Sata
• OC Oerlikon Corporation
• Asahi Sunac
• Anest Iwata
• Graco, J
• Wagner,
• Wiwa Wilhelm Wagner
• Carlisle Companies
• Larius
• Tritech Industries
• Ningbo Dino-Power Machinery
• Titan Tool
• W.I.T. S.R.L.
• Ingersoll-Rand
• Exel Industries
• Han Shin Painting System

This report segments the global coating equipment market into:

Global Coating Equipment Market: Coating Type Analysis

• Powder Coating
• Liquid Coating
• Specialty Coating

Global Coating Equipment Market: End-Use Industry Analysis

• Automotive and Transportation
• Aerospace
• Industrial
• Building and Construction
• Others

Global Coating Equipment Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa