Press release
Coating Equipment Market Global Report 2025: Trends, Growth Drivers, and Forecast To 2034
Coating Equipment Market
Driven by a High CAGR of 7.7% and 9.2% for 2024/25 and 2029 Respectively
What Is The Projected Market Size Of The Global Coating Equipment Market And Its Growth Rate?
• The coating equipment market is anticipated to inflate from $23.51 billion in 2024 to $25.32 billion in 2025, experiencing a CAGR of 7.7%.
• This impressive growth can be attributed largely to the construction industry's expansion, an escalating demand for paints and coatings, industrial manufacturing activities, and an increased emphasis on regulatory compliance and environmental concerns.
• Looking a bit further, the market is predicted to continue the robust growth to reach $36 billion by 2029. The estimated CAGR during this period is 9.2%.
• This projected growth is driven by the boom of the semiconductor industry, the global infrastructure development, the automotive industry's expansion, rapid urbanization worldwide, and the growth of emerging markets.
• Major trends to watch out for in the forecasted period encompass the integration of industry 4.0, high-performance coatings, cutting-edge powder coating technology, adaptive coating technologies, and the advent of customizable coating solutions.
What Is Driving The Growth In The Coating Equipment Market?
The burgeoning demand for electric vehicles is the main engine propelling the growth of the coating equipment market towards the future. With minimal operating expenses and eco-friendly credentials since they consume little to no fossil fuels, electric vehicles are increasingly favored. In this context, coatings play a central role in preserving the substrate of these vehicles and their components, ensuring they are free from rust and other types of damage. The aesthetics of electric vehicles are also greatly enhanced by strategic coatings. As of July 2023, statistics from the France-based International Energy Agency revealed that electric car markets were seeing a strong surge in growth as sales exceeded 10 million in 2022. It is anticipated that the soaring demand for electric vehicles will continue to fuel the growth of the coating equipment market.
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Who Are the Key Players Driving Coating Equipment Market Growth?
Key stakeholders reinventing the coating equipment market include:
• IHI Corporation
• AJA INTERNATIONAL
• ANEST IWATA Corporation
• ASAHI SUNAC CORPORATION
• Axalta Coating Systems
• Blösch AG
• Bühler AG
• Carlisle Companies
• CVD Equipment Corporation
• Exel Industries
• Fujimi Corporation
• Gema USA Inc.
• Graco Inc.
• Guangdong HuiCheng Vacuum Technology Co.Ltd.
• KOLZER SRL
• Miba AG
• Nordson Corporation
• OC Oerlikon Management AG
• Oxford Instruments
• Picosun Oy
• PVD Products Inc.
• SATA GmbH & Co. KG
• Semicore Equipment Inc.
• Singulus Technologies AG
• T-M VACUUM PRODUCTS INC.
• ULVAC Inc.
• Wagner Group
• Carlisle Fluid Technologies
• Bystronic Lenhardt GmbH
• Chemetall India Pvt. Ltd.
• DeVilbiss Automotive Refinishing
• Durr AG
• Ecco Sko A/S
What Are The Key Trends In The Coating Equipment Market?
Key trends in the coating equipment market include:
• Integration of industry 4.0
• High-performance coatings
• Powder coating technology
• Adaptive coating technologies
• Introduction of customizable coating solutions
What Are The Segments Of The Global Coating Equipment Market?
The global coating equipment market can be broken down into the following segments:
• By Coating Type: Powder Coating Equipment, Liquid Coating Equipment, Specialty Coating Equipment
• By Material Type: Polyester, Polyurethane, Acrylic, PVC, Epoxy, Silicon
• By Application: Brushed, Dipped Or Sprayed, Diffusion, Laser Processing, Plating, Thermal Spray, Vapor Deposition
• By End Use Industry: Automotive, Medical, Aerospace, Industrial, Building And Construction, Marine, Electricals And Electronics, Other End Users
Which Region Leads The Coating Equipment Market?
Asia-Pacific emerged as the leading regional market for coating equipment in 2024, closely followed by North America. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Coating Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Coating Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Coating Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Coating Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Coating Equipment Market .
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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