Press release
Finishing Lines Global Market Poised for Significant Growth, Projected to Reach $9.78 Billion at a CAGR of 6.1% By 2028 | Nordson Corporation, ABB Ltd., Fives Group, Bühler Group, Eisenmann SE
Finishing Lines Market
As per the report, the finishing lines market size has grown strongly in recent years. It will grow from $7.28 billion in 2023 to $7.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The finishing lines market size is expected to see strong growth in the next few years. It will grow to $9.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
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Automotive Sector Surge Fuels Growth In The Finishing Lines Market
The growth of the automotive sector is expected to propel the growth of the finishing lines market going forward. 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. For instance, in May 2022, according to the International Energy Agency's (IEA) report, a France-based autonomous intergovernmental organization, as per 2020 data, electric vehicle sales reached 6.6 million in 2021. Further, in the first quarter of 2022, EV sales reached 2 million, a 75% increase compared to the first three months of 2021. Therefore, the growth of the automotive sector is driving the growth of the finishing lines market going forward.
Revolutionizing The Finishing Line Market
Technological advancements have emerged as a key trend gaining popularity in the finishing line market. 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.
The finishing lines market covered in this report is segmented -
1) By Component: Pre-Treatment Plants, Ovens, Paint Booths, Conveyor Systems, Control Systems, Other Components
2) By Application: Automotive Parts, Engine And Motors, Electronics And Control Panels, Furniture, Machinery, Household Appliances, Other Applications
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Major companies operating in the finishing lines market report are Graco Inc., J. Wagner GmbH, Nordson Corporation, Spray Equipment & Service Center Inc., Wewin Finishing Equipments Private Limited, Reliant Finishing Systems LLC, Blasdel Enterprises Inc., Crescent Bronze Powder Co. Inc., Finish Line Industries Inc., Industrial Finishes and Systems Inc., Valmont Industries Inc., Cornerstone Building Brands Inc., Steel Technologies LLC, Precoat Metals Inc., Worthington Industries Inc., ABB Ltd., Fives Group, Bühler Group, Eisenmann SE, Andritz AG, Cefla Finishing Group S.p.A., Dürr AG, Valco Melton Inc., Colordyne Technologies LLC, Komax Holding AG, X-Rite Incorporated, KraussMaffei Group GmbH, Körber AG, Marel hf., LVD Company nv, Autoliv Inc., Atlas Copco AB, Metso Outotec Corporation, Reiter Group GmbH, FANUC Corporation, Fette Compacting GmbH, Müller Martini Holding AG, Rittal GmbH & Co. KG, Bystronic Laser AG, Krones AG, Marabu GmbH & Co. KG, The Bradbury Co. Inc. .
Contents of the report:
1. Executive Summary
2. Finishing Lines Market Report Structure
3. Finishing Lines Market Trends And Strategies
4. Finishing Lines Market - Macro Economic Scenario
5. Finishing Lines Market Size And Growth
…..
27. Finishing Lines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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