Coating Equipment Market Size Forecasted To Achieve $36 Billion By 2029 With Steady Growth

The Coating Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Coating Equipment Market Size and Projected Growth Rate?
The market for coating equipment has seen significant expansion in the past few years. Its size is predicted to rise from $23.51 billion in 2024 to $25.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.7%. The surge in the historic period is a result of factors such as growth in the construction sector, higher demand for paints and coatings, augment in industrial manufacturing, stringent regulatory compliance, and escalated environmental concerns.

In the coming years, the coating equipment market is projected to experience robust expansion. The market is expected to rise to $36 billion by 2029, marking a compound annual growth rate (CAGR) of 9.2%. Several factors are driving this growth for the forecasted period, including the surge in the semiconductor industry, advancements in infrastructure, automotive sector expansion, rapid urbanisation, and emerging market development. Key market trends to watch during this period include the integration of Industry 4.0, the development of high-performance coatings, the rise in powder coating technologies, the advent of adaptive coating approaches and the launch of tailor-made coating solutions.

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What Are the Major Segments in the Coating Equipment Market?
The coating equipment market covered in this report is segmented -

1) By Coating Type: Powder Coating Equipment, Liquid Coating Equipment, Specialty Coating Equipment
2) By Material Type: Polyester, Polyurethane, Acrylic, PVC, Epoxy, Silicon
3) By Application: Brushed, Dipped Or Sprayed, Diffusion, Laser Processing, Plating, Thermal Spray, Vapor Deposition
4) By End Use Industry: Automotive, Medical, Aerospace, Industrial, Building And Construction, Marine, Electricals And Electronics, Other End Users

Subsegments:
1) By Powder Coating Equipment: Electrostatic Powder Coating Equipment, Fluidized Bed Powder Coating Equipment, Powder Coating Ovens
2) By Liquid Coating Equipment: Spray Coating Equipment, Dip Coating Equipment, Roll Coating Equipment
3) By Specialty Coating Equipment: Conformal Coating Equipment, Coil Coating Equipment, Vacuum Coating Equipment

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What Are The Driving Coating Equipment Market Evolution?
The surge in electric vehicle demand will fuel the expansion of the coating equipment market. Electric vehicles, either entirely or partly powered by electricity, are characterized by their negligible operating costs as they need maintenance for fewer parts and their high environmental-friendliness due to their low to zero fossil fuel consumption, such as petrol or diesel. Coatings play a crucial role in preventing the base materials of electric vehicles and their components from getting rusty and other damages, as well as significantly enhancing their aesthetic appeal. For example, the International Energy Agency, an autonomous intergovernmental organization based in France, reported that in July 2023, the electric car markets were witnessing a skyrocketing growth marked by sales crossing 10 million in 2022. The proportion of electric cars in total sales have witnessed more than threefold increase in three years, from nearly 4% in 2020 to 14% in 2022. Furthermore, it's projected that by the end of 2023, there would be 14 million electric vehicle sales. Consequently, this rise in the demand for electric vehicles is a main driving factor for the growth of the coating equipment market.

Which Firms Dominate The Coating Equipment Market Segments?
Major companies operating in 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 Trends Are Expected to Dominate the Coating Equipment Market in the Next 5 Years?
Leading businesses in the coating equipment market are concentrating on creating technological innovations, including tablet coaters, to boost efficiency, lessen environmental impact, and upgrade coating quality across numerous uses. A tablet coater is a piece of pharmaceutical machinery that provides a functional or protective coating to tablets, improving their aesthetics, durability, and discharge features. For example, ACG Engineering, an American firm providing integrated solutions for pharmaceutical industries, introduced the SMARTCOATER X ONE series in November 2023. Designed for swift tablet coating, the SMARTCOATER X ONE prioritizes process speed, productivity, and simplicity of operation. Its groundbreaking baffle design facilitates the quickest processing times for batches varying from 10% to 100%. This new coater's key attributes include a special airflow design for optimal drying, a totally perforated coating drum, enclosed dust-free charging, integrated discharge baffles, an active purging temperature sensor, a high-performance spray arm, and a 2.0 spray nozzle equipped with an anti-bearding cap. Furthermore, it includes ACG's X ONE command and control system, guaranteeing cGMP standards compliance.

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Which Is The Largest Region In The Coating Equipment Market?
Asia-Pacific was the largest region in the coating equipment market in 2024. North America was the second-largest market in the coating equipment market share. The regions covered in the coating equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Coating Equipment Market?
2. What is the CAGR expected in the Coating Equipment Market?
3. What Are the Key Innovations Transforming the Coating Equipment Industry?
4. Which Region Is Leading the Coating Equipment Market?

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