The Coating Equipment market has continued to have solid performance amidst a number of dynamic forces shaping the Coating Equipment market, such as a potential trade war, skilled talent shortages, and straining supply chains. . The Coating Equipment market accounted for $XX million in 2018, and is expected to reach $XX million by 2024, registering a CAGR of YY% from 2019 to 2024.
Coating Equipment market size will grow from USD 15.6 Billion in 2017 to USD 22.4 Billion by 2023, at an estimated CAGR of 6.2%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Coating equipment serves various end-use industries, such as automotive & transportation, aerospace, industrial, and building & infrastructure. The coating equipment market has been segmented on the basis of type into liquid coating equipment, powder coating equipment, and specialty coating equipment. Among types, the specialty coating equipment is the largest segment of coating equipment market, in terms of value. Specialty coating equipment is majorly used in industrial applications. Rapid industrialization taking place in emerging countries, high demand for industrial coatings from varied end-use industries, and increasing awareness about benefits offered by protective coatings in various industries are the factors expected to lead towards the growth of the specialty coating equipment segment of the coating equipment market during the forecast period. Specialty coating equipment includes Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and thermal spray guns.
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List of key players profiled in the Coating Equipment market research report:
Nordson Corporation, IHI Ionbond AG, IHI Hauzer Techno Coating B.V., Sulzer Ltd., OC Oerlikon Corporation AG, Sata GmbH & Co. Kg, Graco Inc., Anest Iwata, Asahi Sunac Corporation, Wagner GmbH
Liquid Coating Equipment, Powder Coating Equipment, Specialty Coating Equipment
By End-Use Industry
Automotive & Transportation, Aerospace, Industrial, Building & Construction, Others
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The global Coating Equipment market is segmented based on product, end user, and region.
Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and, rest of Asia-Pacific) and EMEA (Brazil, South Africa, Saudi Arabia, UAE, rest of EMEA).
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Moreover, other factors that contribute toward the growth of the Coating Equipment market include favorable government initiatives related to the use of Coating Equipment. On the contrary, high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.
Key Benefits for Stakeholders from Coating Equipment Market Report:
This report entails a detailed quantitative analysis along with the current global Coating Equipment market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The Coating Equipment market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Coating Equipment industry.
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