Press release
What's driving the Metal Finishing Equipment Market Growth? top key players are Atotech Group, Mass Finishing, Inc., Rösler Oberflächentechnik GmbH Vienna, Jason Industries, Inc, ClassOne Technology, OTEC Präzisionsfinish GmbH, Nordson Corporation
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the metal finishing equipment market is classified into inorganic, organic, and hybrid metal finishing. Among all these types, inorganic metal finishing equipment category accounted for the largest market share in the world, owing to the fact that this type of equipment is widely used for metal finishing of automotive and aerospace components. Aerospace plating is widely carried over different aircraft components that ensures the protection of critical aerospace components.
The inorganic metal finishing equipment market is further categorized into galvanization, vibratory/mass, anodizing, electropolishing, conversion coating, electroplating, electroless plating, cladding, and others. Among these, electroplating category accounted for the largest share in the market during the historical period. Electroplating provides protection against corrosion and premature failure of critical components in automotive, aerospace, metal fabrication, and electronics products.
APAC generated the largest demand for metal finishing equipment, and held a market share of more than 55% in 2018. The demand is generating from its large-scale manufacturing sector comprises vast automotive industry in China, India, and Japan, along with advanced consumer electronics industry in China, Japan, South Korea, Malaysia, and Taiwan.
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Moreover, China, Japan, and India were held the 1st, 3rd, and 4th positions, respectively, in motor vehicle production, by producing together 42.7 million units in 2018. This large-scale manufacturing of automobiles in the region continue to result in high requirement for metal finishing of automotive components, thereby having a significant impact on the sale of these equipment in the region during forecast period.
Some of the major players operating in the global metal finishing equipment market are Atotech Deutschland GmbH, Plating Equipment Ltd., GARBOLI, Mass Finishing Incorporated, Rosler Oberflachentechnik GmbH, Jason Industries Inc., ClassOne Technology Inc., Dey Brothers & Company, Techno-Commerz - Hau-Klenner GmbH, OTEC Prazisionsfinish GmbH, and Nordson Corporation.
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