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    Coating Equipment Market Report

    Coating Equipment Market Report
    Report code - SRCE145 Delivery - 2 Weeks
    Coating Equipment Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
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    Market Insights

    Coating Equipment Market is expected to grow from USD 19.27 billion in 2021 to USD 28.26 billion by 2028 at a CAGR of 5.55% during the forecast period of 2022-2028.


    What is coating equipment?

    Coating Equipment are used for applying coatings on surfaces in order to enhance their physical as well as mechanical properties.

    Market Drivers

    Increasing demand from various end-use industries, development of new coating applications, and growing interest towards development of advanced coating equipment, are the key driving forces fuelling the market for coating equipment.


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    Segment Analysis

    By Type

    Based on the type, the market is segmented as powder coating, liquid coating, and specialty coating. Specialty coating dominated the market in 2021, and is expected to maintain its dominance during the forecast period. Chemical vapor deposition, physical vapor deposition, plasma coating, and thermal sprays are among the key types included in the segment. There is a dramatic increase in the number of applications for specialty coating, which is fueling the demand for the segment.

    By End-Use Industry Type

    Based on the end-use industry type, the coating equipment market is segmented as automotive, aerospace, construction, industrial, and others. The automotive industry is likely to offer sizeable opportunities in the market during the forecast period. There is a constant improvement in the manufacturing of automotive components in order to meet the growing need for delivering high-performance products that consistently meet the industry specification. Reliable performance, minimal maintenance requirements, optimum coating material utilization, and corrosion and UV-resistant coatings are some hot spot value additions provided by the use of efficient coating equipment in the industry.

    By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing coating equipment market during the forecast period, with China, Japan, and India, being the key countries with lucrative growth opportunities. The region has a greater number of players and has comparatively high competition when compared to the developed western economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.


    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Report – Features

    Market Segmentation


    Regions Covered


    Countries/Sub-Regions Covered


    No. of Figures & Tables


    Company Profiles



    The coating equipment market is segmented into the following categories. 

    By Type:

    • Powder Coating Equipment
    • Liquid Coating Equipment
    • Specialty Coating Equipment

    By End-Use Industry Type:

    • Automotive
    • Aerospace
    • Construction
    • Industrial
    • Others

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Brazil, Argentina, and Others)

    Key Players

    Some of the major coating equipment market participants include-

    • Asahi Sunac Corporation
    • Carlisle Companies
    • Exel Industries
    • Graco Inc.
    • IHI Corporation
    • Nordson Corp.
    • OC Oerlikon Corporation AG.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling                                         

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The coating equipment market is expected to witness an impressive growth of 5.55% CAGR during.

    Coating equipment market size is expected to reach USD 28.26 billion in 2028.

    Asia-Pacific is expected to remain the largest market during the next five years.

    Asahi Sunac Corporation, Carlisle Companies, Exel Industries, Graco Inc., IHI Corporation, Nordson Corp., and OC Oerlikon Corporation AG are among the key players in the market.

    The automotive industry is expected to offer sizable opportunities in the market over the next five years.

    Increasing demand from various end-use industries, development of new coating applications, and growing interest towards development of advanced coating equipment are the factors driving the growth of market.