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By 2032, The Vacuum Coating Equipment Market Will Exhibit High Growth Rate, Globally || Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Vacuum Coating Equipment Market Size, Growth Rate, And Forecast
The global vacuum coating equipment market size grew from $31.09 billion in 2022 to $34.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vacuum coating equipment market size is expected to grow to $43.82 billion in 2027 at a CAGR of 6.5%.
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Vacuum Coating Equipment Market Drivers
The increasing demand for electric vehicles is expected to drive the growth of the vacuum coating equipment market in the forecast period. Coatings play an important role in protecting the substrates of electric vehicles and their components from rust and damage. The increasing popularity and demand for electric vehicles would lead to an increase in demand for vacuum coating equipment. For instance, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. Therefore, increasing demand for electric vehicles propels the growth of the vacuum coating equipment market.
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Vacuum Coating Equipment Market Segments
• By Product: Physical Vapor Deposition (PVD), Magnetron Sputtering, Chemical Vapor Deposition (CVD)
• By Application: Transparent Electrical Conductors, Optical Films, Packaging, Hard and Wear-Resistant Coatings, Other Applications
• By Vertical: Electronics, Automotive, Healthcare, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the vacuum coating equipment market.
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Vacuum Coating Equipment Market Key Players
Major competitors in the vacuum coating equipment market are Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl, CVD Equipment Corporation, Semicore Equipment Inc., OC Oerlikon, Mustang Vacuum Systems Inc., Izovac Ltd., IHI Corporation.
The Business Research Company's "Global Vacuum Coating Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Vacuum Coating Equipment Market Include:
1. Executive Summary
2. Vacuum Coating Equipment Market Characteristics
3. Vacuum Coating Equipment Market Trends And Strategies
4. Vacuum Coating Equipment Market - Macro Economic Scenario
5. Vacuum Coating Equipment Market Size And Growth
………………
27. Vacuum Coating Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vacuum Coating Equipment Market
29. Vacuum Coating Equipment Market Future Outlook and Potential Analysis
30. Appendix
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