Press release
India Construction Equipment OEM Coating Market to Hit USD 90.5 Million by 2031, Expanding at a 9.3% CAGR | Persistence Market Research Report
The Indian construction industry is witnessing significant expansion, driven by infrastructure projects, urbanization, and government initiatives such as "Make in India" and "Smart Cities." With this growth, the demand for Original Equipment Manufacturer (OEM) coatings in construction equipment has surged. OEM coatings provide durability, corrosion resistance, and aesthetic appeal to heavy machinery used in construction. As the sector continues to evolve, industry players are focusing on advanced coating solutions to meet stringent environmental regulations and enhance equipment longevity.
Get a Sample Report: https://www.persistencemarketresearch.com/samples/34998
Market Size and Growth Projections
The India construction equipment OEM coating market is poised to reach USD 90.5 million by 2031, registering a compound annual growth rate (CAGR) of 9.3% during the forecast period. This growth is primarily fueled by the increasing sales of construction machinery, rising infrastructure investments, and advancements in coating technologies. Manufacturers are developing high-performance coatings that offer superior resistance to harsh environmental conditions, ensuring longer operational life for construction equipment.
Key Drivers of Market Growth
Several factors are propelling the growth of the India construction equipment OEM coating market:
• Infrastructure Development: Government-backed projects such as Bharatmala, Sagarmala, and metro expansions are driving the need for robust construction machinery, subsequently boosting OEM coating demand.
• Technological Innovations: Advanced coatings with improved heat resistance, anti-corrosion properties, and eco-friendly formulations are gaining traction.
• Stringent Environmental Regulations: Regulatory frameworks promoting the use of low-VOC (Volatile Organic Compound) and water-based coatings are influencing manufacturers to develop sustainable coating solutions.
• Increasing Equipment Sales: With rising construction activities, OEMs are witnessing higher sales, directly impacting the demand for quality coatings.
Challenges in the Market
Despite the optimistic growth outlook, the India construction equipment OEM coating market faces several challenges:
• High Raw Material Costs: The prices of key raw materials, such as resins and pigments, fluctuate, impacting overall production costs.
• Environmental Compliance: Meeting stringent environmental regulations necessitates continuous R&D investments, which can be financially burdensome for smaller manufacturers.
• Supply Chain Disruptions: Geopolitical tensions and global supply chain disruptions have affected raw material availability, posing challenges for OEM coating manufacturers.
Emerging Trends in OEM Coatings
The construction equipment OEM coating market in India is evolving, with several notable trends shaping its future:
• Eco-Friendly Coatings: Manufacturers are shifting toward water-based and powder coatings that reduce carbon emissions and comply with environmental norms.
• Nanotechnology in Coatings: Nanocoatings are being developed for enhanced protection against abrasion, corrosion, and extreme weather conditions.
• Smart Coatings: Intelligent coatings with self-healing properties and temperature adaptability are gaining popularity among construction OEMs.
• Automation in Coating Application: The adoption of robotic spray technologies is improving efficiency, reducing material wastage, and ensuring uniform application.
Competitive Landscape and Key Players
The India construction equipment OEM coating market is highly competitive, with several global and domestic players vying for market share. Key companies operating in this space include:
• AkzoNobel N.V. - A leading supplier of high-performance coatings with a strong focus on sustainable products.
• PPG Industries, Inc. - Known for its advanced protective coatings tailored for construction equipment.
• Axalta Coating Systems - Specializes in durable coatings with corrosion-resistant properties.
• Berger Paints India Ltd. - A prominent domestic player offering a wide range of OEM coatings.
• Asian Paints Ltd. - Expanding its footprint in industrial coatings with innovative solutions.
Future Outlook and Investment Opportunities
The future of the India construction equipment OEM coating market looks promising, with investment opportunities in R&D, product innovation, and sustainable coating solutions. Companies that prioritize eco-friendly formulations, automation, and advanced protective coatings will gain a competitive edge in the evolving market landscape.
As India continues to focus on infrastructure growth and industrial advancements, the demand for high-quality OEM coatings will remain strong, ensuring steady market expansion in the coming years.
Read More Trending "PMR Exclusive Article":
https://www.linkedin.com/pulse/bauxite-market-reach-us-203-bn-2031-driven-uslic
https://www.linkedin.com/pulse/rigid-polyurethane-foam-market-forecast-anpsf
https://www.linkedin.com/pulse/unified-endpoint-management-market-reach-us-1958-wpcrf
https://www.linkedin.com/pulse/penetration-testing-service-market-projected-reach-tdffc
https://www.linkedin.com/pulse/current-transducer-market-hit-10569-mn-2031-44-cagr-o6pyc
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Construction Equipment OEM Coating Market to Hit USD 90.5 Million by 2031, Expanding at a 9.3% CAGR | Persistence Market Research Report here
News-ID: 3912754 • Views: …
More Releases from Persistence Market Research
Packaging Machinery Market to Surpass US$ 82.3 Bn by 2030 with Steady 4.7% CAGR …
➤Overview of the Market
According to the latest analysis by Persistence Market Research, the global packaging machinery market is projected to grow from US$ 59,737.4 million in 2023 to US$ 82,389.7 million by 2030, registering a CAGR of 4.7% during the forecast period. Rising consumer demand for packaged goods, automation, and technological upgrades in manufacturing are among the key forces transforming the industry landscape.
The packaging machinery market plays a vital role…
Packaging Tensioner Market Set to Reach US$ 13.3 Bn by 2030 with 3.8% CAGR - Per …
➤ Overview of the Market
According to Persistence Market Research, the global packaging tensioner market is projected to rise from US$ 10,237.5 million in 2023 to US$ 13,291.5 million by 2030, expanding at a CAGR of 3.8%. Packaging tensioners, essential for securing strapping around pallets, cartons, and bundled goods, are increasingly adopted across industries to ensure safe and efficient handling during transport. Growth is primarily driven by automation trends in packaging,…
Beverage Packaging Market to Surpass US$ 138.9 Bn by 2031 Driven by Sustainabili …
➤Overview of the Market
According to the latest study by Persistence Market Research, the global beverage packaging market is projected to grow at a CAGR of 4.1% from US$ 1,04,820.0 million in 2024 to US$ 1,38,867.1 million by 2031. Rising consumer preference for sustainable packaging, growing consumption of ready-to-drink products, and ongoing innovation in material science are major factors boosting the industry worldwide.
The beverage packaging industry plays a vital role in…
Actuators Device Market to Reach US$ 102.8 Bn by 2031 Fueled by 7% CAGR and Auto …
➤ Overview of the Market
The global actuators device market is poised for robust growth, projected to rise from US$ 67.7 Bn in 2024 to US$ 102.8 Bn by 2031 at a CAGR of 7%, according to Persistence Market Research. Rapid automation across industries, growing investment in industrial robotics, and expanding applications in aerospace, automotive, and medical devices are key catalysts for market acceleration.
The actuators device market encompasses mechanical systems that…
More Releases for OEM
Revolutionizing OEM Coatings With Sustainable Solutions Trend: A Crucial Influen …
Which drivers are expected to have the greatest impact on the over the oem coatings market's growth?
The surge in requirements from final consumer industries is forecasted to boost the expansion of the OEM coatings market. These coatings, referred to as OEM, are utilized during the integration of other firms' products into the substrate process or application. They prove to be beneficial for a variety of end-user sectors, including automotive and…
OEM Technology Partnerships Launches Brokerage Specializing in 100+ OEM Technolo …
San Francisco, California, USA - February 13, 2025 - OEM Technology Partnerships is thrilled to announce the launch of its specialized brokerage focused on connecting businesses with a comprehensive portfolio of over 100 Original Equipment Manufacturer (OEM) technologies. This new venture is poised to revolutionize how companies access and implement cutting-edge solutions across diverse industries.
Leveraging deep industry expertise and a vast network of OEM partners, OEM Technology Partnerships offers a…
OEM or ODM Watches? What's the Difference?
When searching for a watch manufacturer for your store or watch brand, you may come across the terms OEM and ODM. But do you truly understand the difference between them? In this article, we will delve into the distinctions between OEM and ODM watches to help you better grasp and choose the manufacturing service that suits your needs.
Image: https://www.naviforce.com/uploads/15a6ba3911.png
What's OEM / ODM Watches [https://www.naviforce.com/products/]
OEM (Original Equipment Manufacturer) watches are produced…
OEM Partnership with Extreme Networks
ComputerVault announces an OEM partnership with Extreme Networks and has certified its switches for use with ComputerVault enterprise software to deliver virtual desktop infrastructure (VDI).
Extreme Networks industry leading switches deliver ComputerVault Virtual Desktops at faster than PC speeds in the LAN and WAN.
“ComputerVault is very excited to work with Extreme Networks. Not only are their switches very reliable, but their exceptional performance guarantees a great user experience”, said Marc…
Humidity Measurement Module for OEM Applications
The EE1900 humidity module from E+E Elektronik is optimised for the measurement of relative humidity (RH) or dew point temperature (Td) in climate and test chambers. With outstanding temperature compensation across the working range from -70 °C to 180 °C (-94 °F to 356 °F) and the choice of stainless steel and plastic probes, the module is suitable for a wide range of applications.
High Accuracy in Harsh Environment
The excellent…
Industrial Fasteners Market for Machinery OEM, Automotive OEM and Construction A …
The global industrial fasteners market is gaining momentum on the account of the rise in construction and maintenance activities across the globe. Increase in the demand for automobiles, specifically in emerging economies such as Brazil, China, and India is a significant factor contributing towards the growth of the global industrial fasteners market. The research report provides a complete picture of the global industrial fasteners market, analyzing all the crucial market…
