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Coating Equipment Market Report
The Coating Equipment Market is Segmented by Type (Powder Coating, Liquid Coating, and Specialty Coating), by End-Use Industry Type (Automotive, Aerospace, Construction, Industrial, and Others), and by Region (North America, Euro...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Coating Equipment Market is likely to witness an impressive CAGR of 5.8% during the forecast period. 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 fueling the market for coating equipment.
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Coating Equipment Market – Snapshot |
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Growth |
5.8% for the next five years |
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Major Type |
Specialty Coating |
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Dominant End-Use Industry Type |
Automotive |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Anest Iwata, Asahi Sunac Corporation, Carlisle Companies, Exel Industries, Graco Inc., IHI Corporation, Ingersoll-Rand, J. Wagner GmbH, Nordson Corp., and OC Oerlikon Corporation AG. |
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Based on the type, the market is segmented as powder coating, liquid coating, and specialty coating. Specialty coating dominated the market in 2019, 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.
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.
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.
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Coating Equipment are used for applying coatings on surfaces in order to enhance their physical as well as mechanical properties.
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.
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Coating Equipment Market Research Report – Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
14 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The coating equipment market is segmented into the following categories.
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Some of the major coating equipment market participants include-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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.
The coating equipment market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.
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 coating equipment market.
Asia-Pacific is expected to remain the largest coating equipment market during the next five years.
Specialty coating is expected to remain the dominant coating type in the coating equipment market in the coming years.
The automotive industry is expected to offer sizable opportunities in the coating equipment 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 coating equipment market.
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