Press release
Coating Equipment Market to Grow from $21.3B in 2025 to $42.4B by 2035 at 6.0% CAGR
According to the report, the global coating equipment market is likely to grow from USD 21.3 Billion in 2025 to USD 40.5 Billion in 2035 at a highest CAGR of 6.0% during the time period. Increasing speed of industrial production, accelerating demand on high-quality surface finishing, and the development of automation technologies are the key factors that contribute to the rise of the global market of coating equipment.Coating systems are being heavily invested by manufacturers of the automotive and aerospace sectors, as well as medical devices and consumer goods to improve durability, corrosion resistance, and product aesthetics. The increase in the manufacture of electric vehicles has also increased the need to have environmentally friendly and energy efficient coating equipment especially using the powder and thermal spray technologies.
Get the Detailed Industry Analysis (including the Table of Contents, List of Figures, and List of Tables) - from the Coating Equipment Market Research Report: https://marketgenics.co/press-releases/coating-equipment-market-21057
Key Driver, Restraint, and Growth Opportunity Shaping the Global Coating Equipment Market
One of the main impetuses behind the global market in coating equipment is the influx of demand to high-tech medical equipment and implants that need biocompatible coating. As the worldwide medical device market is expected to reach USD 800 billion by 2030, the coating solutions guaranteeing antimicrobial behavior, wearability, and accurate placement are becoming essential and more options are being used by medical manufacturing industries.
The biggest limitation is a big capital cost involved in installing modern coating equipment like the use of plasma spraying machines or robots. Financial and technical obstacle to upgrading is posed to small and medium sized manufacturers especially in developing regions limiting their ability to enter the market and the adoption rate is low across a wide range of industries.
The market of aerospace is a major opportunity, which focuses on lightweight composite materials that need special coating to improve performance and durability. As the air travel industry worldwide is predicted to increase by almost two times by 2040, demand of coating equipment with its pre-eminence on the next-generation aircraft materials offers a good growth opportunity to manufacturers.
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Regional Analysis of Global Coating Equipment Market
Coating equipment is in maximum demand in the Asia Pacific region, which is notable in terms of its large industrial and manufacturing base, especially in China, India, Japan and South Korea. The development of high-end coating technologies in terms of durability, corrosion resistance, and beauty is prompted by the rapid increase in the automotive industry manufacturing, electronics, and construction. Also, the boom of infrastructure development based on the government efforts and increased urbanization is a major contributor to dominance in the market. Indicatively, the automotive manufacturing in China has passed 30 million units in 2024 and greater demands of precision coating technologies are required to ensure high quality standards in manufacturing.
Technological improvements coupled with sustainability programs and the increased use of automation are expected to drive the largest growth in the coating equipment market in North America. In the aerospace sector, defense and medical devices, the U.S. and Canada are showing much interest in environmentally-friendly finishes and robotic application systems. Besides, the tough environmental rules by the Environmental Protection Agency (EPA) and the requirement of energy efficient coating push industries to invest in high quality equipment's. Indicatively, the U.S. aerospace industry is increasing its application of plasma and thermal spray-based coating techniques, which are driving robust regional development opportunities.
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Prominent players operating in the global coating equipment market are:
Anest Iwata Corporation, Axalta Coating Systems, AxoTech GmbH, Binks (Iwata), BYK-Gardner (part of ALTANA), DeVilbiss / Carlisle Fluid Technologies, Dürr AG, Eisenmann SE, Electrostatic Spray Systems Ltd., Gema Switzerland GmbH, Global Finishing Solutions (GFS), Graco Inc., Hentzen Coatings Inc., ITW (Illinois Tool Works), Jotun A/S, Nordson Corporation, PMC Engineering, Sames Kremlin, Techcon Systems Inc., Wagner Group, and Other Key Players.
Get a preview of our Coating Equipment Market Playbook - your guide to GTM strategy, competitive intelligence, supplier dynamics, and Consumer Behavior Analysis: https://marketgenics.co/playbook/coating-equipment-market-21057
Key Trend: Shift Toward Sustainable and Eco-Friendly Coating Technologies
Stringent environmental laws and corporate sustainability trends are driving coating equipment manufacturers to go for technologies that use less waste, less emissions, and less energy. The industries are embracing greener options: waterborne and solventborne low-VOC coating alternatives, as well as energy-efficient equipments.
In January 2024, Wagner Group introduced new-age powder-coating equipment with energy-saving features and near-zero overspray loss, setting its sights on furniture and general industrial clients in Europe. Smart control technology is used to maximize powder usage while keeping the system as much environment-friendly as possible. This is a step ahead in line with the growing emphasis of sustainability in an industry which has to align itself with stringent EU emission standards and global climate imperatives.
Innovations trending toward sustainability redefines the global coating equipment market and, in the process, become the basis for green product differentiation.
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MarketGenics is a global market research and management consulting company empowering decision makers across healthcare, technology, and policy domains. Our mission is to deliver granular market intelligence combined with strategic foresight to accelerate sustainable growth.
We support clients across strategy development, product innovation, healthcare infrastructure, and digital transformation.
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