Press release
Global Finishing Lines Market Projected to Grow at 6.3% CAGR, Reaching $10.37 Billion by 2029
Finishing Lines Market
What Will the Finishing Lines Industry Market Size Be by 2025?
The market size of the finishing lines sector has witnessed substantial growth in the past few years. The sector, which was valued at $7.67 billion in 2024, is expected to rise to $8.12 billion in 2025 with a compound annual growth rate (CAGR) of 5.9%. This growth during the historic period can be linked to factors such as shifting customer expectations, industry transformations, advancements in application methodologies, improvements in quality control and efficiency, globalization and market development, as well as environmental rules, and sustainability considerations.
What's the Long-Term Growth Forecast for the Finishing Lines Market Size Through 2029?
The market size for finishing lines is projected to witness a robust expansion in the upcoming years, soaring to $10.38 billion by 2029 with a compound annual growth rate (CAGR) of 6.3%. This predicted expansion during the forecast timeframe can be ascribed to factors such as the emergence of Industry 4.0 and intelligent manufacturing, progression in coating materials and techniques, increasing demand for customization, integration of automation and robotics, and growth in the global market. Noteworthy trends for the forecast period encompass innovation and adaptability in materials, an emphasis on safety and regulations, the advent of digitalization and data-centric solutions, as well as advancements in automation, robotics, and coating technologies.
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What Are the Key Growth Drivers Fueling the Finishing Lines Market Expansion?
The finishing lines market's growth is anticipated to be driven by the expansion of the automotive industry. The industry, which encompasses both conventional and electric vehicles, is engaged in the manufacture and sale of vehicles. Automotive body shops and repair centers use coatings with bases such as polyurethane, acrylic, or alkyd as refinishing materials. In this sector, finishing lines are employed for the finishing of various car components like bumpers, dashboards among others. For example, the International Energy Agency (IEA), a France-based autonomous intergovernmental entity, reported in May 2022 that electric vehicle sales for 2020 hit 6.6 million in 2021. Additionally, in the first quarter of 2022, EV sales amounted to 2 million, marking a 75% surge relative to the first quarter of 2021. Hence, the automotive industry's expansion is propelling the finishing lines market's growth in the future.
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What Are the Key Trends Driving Finishing Lines Market Growth?
The emergence of technological advancements is a prominent trend being noticed in the finishing line market. To stay competitive, key players in the finishing lines industry are concentrating on the integration of new technologies. For example, PRATI, a finishing solutions firm based in Italy, unveiled the DIGIFASTONE in May 2022. This is a digital finishing line that utilizes FUTURA by Prati DIGIFASTone technology that is known for its completely modular setup, S-D and D-S configuration options, and the capacity to incorporate digital finishing and laser die-cutting machines as per needs. These production lines utilize 'FUTURA by Prati' technology, setting a standard for future finishing solutions in accordance with Industry 4.0 standards.
How Is the Finishing Lines Market Segmented?
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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Which Companies Are Leading the Charge in Finishing Lines Market Innovation?
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.
Which Regions Are Leading the Global Finishing Lines Market in Revenue?
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
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