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Global Finishing Lines Market 2023 - By Size, Drivers, Trends, Competitors
Finishing Lines Market
The Business Research Company's Finishing Lines Global Market Report 2023 identifies growth of the automotive sector as the major driver for the Finishing Lines market's growth in the forecast period. The automotive sector is involved in the manufacturing and sale of vehicles and includes conventional as well as electric vehicles. Automotive body shops and repair facilities use coatings with polyurethane, acrylic, or alkyd bases as refinishing agents. In the automotive sector, finishing lines are utilized in the finishing of car parts such as bumpers, dashboards, and other components.
The global finishing lines market size is expected to grow from $6.90 billion in 2022 to $7.32 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 market size of the global finishing lines market is expected to reach $9.08 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the Finishing Lines market are Graco Inc., J. Wagner GmbH, Nordson Corporation, Spray Equipment & Service, Wewin Finishing Equipments Private Limited.
A key trend in the Finishing Lines market includes technological advancements. Major companies operating in the finishing lines sector are focused on introducing new technologies to gain a competitive advantage. For instance, in May 2022, PRATI, an Italy-based finishing solutions provider, launched the DIGIFASTONE, a digital finishing line based on the "FUTURA by Prati" DIGIFASTone technology. This technology stands out for its entirely modular design, availability in S-D or D-S configurations, and ability to install digital finishing and laser die-cutting machines according to requirements. They are production lines built on the "FUTURA by Prati" technology, which establishes the benchmark for the next generation of finishing options in line with industry 4.0 requirements.
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The Finishing Lines market is segmented -
• By Component: Pre-Treatment Plants, Ovens, Paint Booths, Conveyor Systems, Control Systems, Other Components
• By Application: Automotive Parts, Engine and Motors, Electronics and Control Panels, Furniture, Machinery, Household Appliances, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Finishing Lines market.
The Business Research Company's "Global Finishing Lines Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Finishing Lines Market Include:
1. Executive Summary
2. Finishing Lines Market Characteristics
3. Finishing Lines Market Trends And Strategies
4. Finishing Lines Market - Macro Economic Scenario
5. Finishing Lines Market Size And Growth
………………………………
26. Africa Finishing Lines Market
27. Finishing Lines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Finishing Lines Market
29. Finishing Lines Market Future Outlook and Potential Analysis
30. Appendix
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