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Coating Equipment Market by Type, End User Industry - Global Forecast to 2021

Coating Equipment Market: Global Forecast until 2021

  • February 2017
  • 146 pages
  • ID: 4698522
In this report:
The sales of residential and decorative paints in UAE grew by ##.##% for 2013-2014, and are expected to grow at ##% for 2015-2016.
Although the construction sector is improving, the economic growth decreased from ##.##% in 2014 to ##.##% in 2015 owing to the decline in oil prices.
In 2015, the market size of coating equipment in China was USD ##,##.## million and is expected to almost double in size by 2021, to reach USD ##,##.## million at a projected CAGR of ##.##% between 2016 and 2021.

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"The coating equipment market is estimated to rise at a compound annual growth rate of 5.80 percent during the forecast period, 2016 to 2021."

The coating equipment market is estimated to grow ~$19.3B by 2021, at a compound annual growth rate of 5.80 percent between 2016 and 2021. Rise of this market can be connected to growing requirements of customers for fast delivery of products, reduction in industrial maintenance time, and good finish. Therefore, rising acceptance of coating equipment to cater these requirements of customers is predicted to push the demand for coating equipment during the estimate period.

Growing need for customized coating equipment in varied end-use sectors, including automotive & transportation, and aerospace, among others is providing increase opportunities for manufacturers of coating equipment. They are continuously carrying out Research&development activities to expand new and advanced equipment that can meet varied requirements of customers. New technological advancements taking place in coating equipment not only expedite coating processes, but also ensure long-lasting coatings.

"Among end-use markets, the industrial segment of the coating equipment market is presumed to grow at the maximal CAGR (Compound annual growth rate) during the outlook period."

Demand for coating equipment is anticipated to growth during the estimate period, owing to quick industrialization taking place in emerging economies. Increased application of coating materials in several end-use sectors is fueling the sector demand for industrial coatings, thereby leading towards increase of the industrial segment of the coating equipment market. Increasing demand for high end coating equipment is another reason for the increase ot the coating equipment market in heavy machinery and manufacturing markets.

"Among types, the powder coating equipment segment of the coating equipment market is expected to increase at the maximal compound annual growth rate (CAGR) during projection period."

Increasing concerns for environmental conservation are driving the market demand for the environment-friendly products. This has led to reduction in the use of coatings containing volatile organic components. Powder coatings are preferred over coatings containing volatile organic components. Increasing acceptance of powder coatings in varied end-use sectors is boosting the industry demand for powder coating equipment. Therefrom, rising concerns about environment and use of coatings free from volatile organic components are anticipated to lead towards growing demand for the powder coating equipment, which, in turn is forecasted to contribute to the increase of the coating equipment market during the outlook period.

"The Asia-Pac area is the biggest industry for coating equipment."

The Asia-Pac region is the largest industry for coating equipment. The Asia-Pacific coating equipment market is expected to rise at the highest CAGR (Compound annual growth rate) during the estimate period. The rise of the coating equipment market in the territory can be accredited to increased demand for coating equipment from different countries, including Japan, China (CN), and India (IN). China (CN) is the biggest market for coating equipment in the Asia Pacific (APAC) area, succeeded by Japan (JP) and India (IN). The India coating equipment is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period.

Extensive primary audit sessions have been conducted to determine and verify the market value for various segments and sub-segments.

The split of primary interviews is as follow:

- By Company Type: Tier 1 - 50.0 percent, Tier 2 - 37.0 percent, and Others - 13.0 percent

- By Description: C-suite - 46.0 percent, D-level - 31.0 percent, and Others - 23.0 percent

- By area: North america (NA) - 33.0 percent, Europe - 28.0 percent, Asia-Pacific - 22.0 percent, Middle-East & Africa - 11.0 percent, and South America - 6.0 percent

The firms decribed in this business report are Nordson Corporation, Anest Iwata, Graco Inc., O.C. Oerlikon, IHI Ionbond AG, SATA GmbH & Co. KG., among others.

Segment Research

This market research classifies the coating equipment market based on type, end-use sector, and area. The study includes exhaustive information concerning the main factors, including drivers, industry restraints, opportunities, and possibilities influencing the increase of the coating equipment market. An in-depth study of the main industry actors has been done to furnish industry insights into business overviews, products & services, top strategies, market investments & business growths, mergers & acquisitions, and recent evolutions combined with the sector.

Why Purchasing This Study Can Help You:

The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the coating equipment market comprehensively and offers the closest approximations of market sizes for the global market and sub-segments across different areas.

2. The market research will facilitate partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners comprehend the top players and obtain business insights to improve their rank in the business sector. The competitive outlook section includes business developments, recent product launches/advancements, mergers & strategic agreements.

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