Coating Equipment Industry Expected to Reach $34.96 Billion by 2029 at 8.9% CAGR

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Coating Equipment Market Value Projection: How Much Will the Market Size by 2025?
Recently, there has been robust growth in the size of the coating equipment market. The market, valued at $23.51 billion in 2024, is projected to expand to $24.9 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this historic growth include the developing construction industry, amplified demand for paints and coatings, expansion in industrial manufacturing, stringent regulatory compliance, and heightened environmental concerns.

What Will Be the Market Growth Forecat for Coating Equipment in 2029?
Expectations are high for the coating equipment market to experience robust growth in the forthcoming years. The market is projected to swell to a worth of $34.96 billion in 2029, fueled by a compound annual growth rate (CAGR) of 8.9%. Factors propelling this growth during the prediction period include a thriving semiconductor industry, infrastructure advancement, the automobile industry, rapid city growth, and the blossoming of emerging markets. The forecast period is also expected to see significant trends such as industry 4.0 integration, superior quality coatings, powder coating techniques, adaptive coating technologies, and the roll-out of tailor-made coating solutions.

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What Are the Core Competitive Drivers in the Coating Equipment Industry?
The surge in the popularity of electric vehicles is expected to play a key role in bolstering the growth of the coating equipment market. These types of vehicles, which are primarily or entirely powered by electricity, boast a host of benefits. Notably, they have lower operational costs due to their limited number of moving parts that require maintenance. Additionally, these vehicles are environmentally friendly as they use minimal or no fossil fuels like petrol or diesel. The application of coatings is crucial in preventing the structures and components of electric vehicles from corroding or sustaining other forms of damage. It also significantly affects the vehicles' appearance. For example, the International Energy Agency, an autonomous organization based in France, noted in July 2023 that the electric car market experienced a considerable spike in growth, with sales surpassing 10 million in 2022. The proportion of electric cars compared to total vehicle sales has more than tripled over three years, rising from approximately 4% in 2020 to 14% in 2022. Furthermore, expectations suggest that electric vehicle sales could reach 14 million by the close of 2023. Therefore, the burgeoning demand for electric vehicles is fueling the expansion of the coating equipment market.

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Which Coating Equipment Market Segment Is Projected to See the Fastest Growth?
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

Which Trends Are Opening New Opportunities in the Coating Equipment Market?
Key players in the coating equipment market concentrate on innovating and advancing technology, including tablet coaters, in an effort to increase efficiency, mitigate environmental effects, and enhance the quality of various applied coatings. Tablet coaters, which are pharmaceutical devices used to coat tablets to increase their aesthetic appeal, stability, and release attributes, are an example of this. For example, ACG Engineering, an American integrated solutions provider for pharmaceutical firms, introduced the SMARTCOATER X ONE series in November 2023. This series is designed for swift tablet coating, with a focus on process speed, efficiency, and accessibility. Its cutting-edge baffle design allows for rapid processing for batches that vary between 10% and 100%. The new coater has distinctive features like a unique airflow design for optimal drying, a completely perforated coating drum, dust-free charging system, integrated discharge baffles, a temperature sensor with active purging, a high-functioning spray arm, and a 2.0 spray nozzle equipped with an anti-bearding cap. In addition, it incorporates ACG's X ONE command and control system, ensuring adherence to the cGMP standards.

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Who Are the Leaders in the Coating Equipment Market?
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

Which Regional Coating Equipment Markets Offer the Greatest Growth Potential?
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.

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