Press release
Emerging Trends Influencing The Growth Of The Finishing Lines Market:Revolutionizing The Finishing Line Market
Finishing Lines
What Is the Projected Growth of the Finishing Lines Market?
The market size for finishing lines has seen substantial growth in the past few years. There will be a rise from $7.67 billion in 2024 to $8.12 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The historical period's growth is due to factors like evolving customer expectations and industry changes, progress in application methods, improvements in quality management and productivity, globalization and market proliferation, environmental rules, and sustainability.
In the coming years, it is predicted that the market size of the finishing lines will experience robust growth. It is projected to rise to a value of $10.38 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%. This significant increase during the forecast period is linked with elements such as industry 4.0 and smart manufacturing, enhancements in coating materials and methodologies, an escalation in customization requirements, the incorporation of automation and robotics, and the expansion of the global market. The major trends anticipated in the forecast period involve the innovation and adaptability of material, a concentration on safety and compliance, the application of digital data-driven solutions, the utilization of automation and robotics, and advancements in coating technologies.
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What Are the Emerging Segments Within the Finishing Lines Market?
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
Subsegments:
1) By Pre-Treatment Plants: Chemical Pre-Treatment Systems, Mechanical Pre-Treatment Systems
2) By Ovens: Drying Ovens, Curing Ovens
3) By Paint Booths: Crossdraft Paint Booths, Downdraft Paint Booths, Semi-Downdraft Paint Booths
4) By Conveyor Systems: Overhead Conveyor Systems, Floor-Mounted Conveyor Systems
5) By Control Systems: PLC-Based Control Systems, SCADA Systems
6) By Other Components: Filtration Systems, Exhaust Systems, Auxiliary Equipment
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What Long-Term Drivers Are Shaping Finishing Lines Market Trends?
Advancements in the automotive industry are projected to fuel the development of the finishing lines market. The automotive industry, encompassing both conventional and electric vehicles, contributes to the manufacturing and sales of automobiles. Finishing lines are fundamental in the sector, used in the refining process of car elements such as dashboards, bumpers, and other components using coatings of polyurethane, acrylic, or alkyd bases that are generally employed by auto body shops and repair centers. For instance, a report by the International Energy Agency (IEA) - an autonomous intergovernmental organization based in France - detailed that based on 2020 data, electric vehicle sales escalated to 6.6 million in 2021. Further, in the initial quarter of 2022, the sales of electric vehicles experienced a 75% surge, reporting 2 million sales, compared to the statistics of the same time frame the previous year. This continuous growth of the automotive sector is therefore instrumental in fueling the evolution of the finishing lines market.
Who Are the Top Competitors in Key Finishing Lines Market Segments?
Major companies operating in the finishing lines market include 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, 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.
What Finishing Lines Market Trends Are Gaining Traction Across Different Segments?
The advancement in technology has become a prevalent trend in the finishing line market. Many prominent companies in the sector are focusing on the adoption of new technologies for a competitive edge. For example, PRATI, a provider of finishing solutions based in Italy, introduced the DIGIFASTONE in May 2022. This is a digital finishing line that employs the FUTURA by Prati DIGIFASTone technology. Notable features of this technology include its entirely modular design, its availability in S-D or D-S configurations, and the possibility of integrating digital finishing and laser die-cutting machines as per needs. These production lines leverage 'FUTURA by Prati' technology, setting the standard for future finishing options that align with industry 4.0 demands.
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Which Regions Are Becoming Hubs for Finishing Lines Market Innovation?
Asia-Pacific was the largest region in the finishing lines market share in 2024. The regions covered in the finishing lines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Finishing Lines Market?
2. What is the CAGR expected in the Finishing Lines Market?
3. What Are the Key Innovations Transforming the Finishing Lines Industry?
4. Which Region Is Leading the Finishing Lines Market?
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