Press release
Powder Coating Equipment Market Value is Expected to Increase to US$ 3,275.2 Million by 2024
Powder Coating Equipment Market
The global powder coating equipment market was valued at more than US$ 2,000 Mn in 2015 and is projected to reach a market value of nearly US$ 3,500 Mn by 2024 registering a CAGR of 5.5% during the forecast period. The market is expected to sustain the value growth till 2022, after which the market is expected to expand at a relatively slow rate. The global powder coating equipment market is anticipated to create lucrative opportunities for equipment manufacturers and service providers during the forecast period, recording an incremental opportunity of nearly US$ 1,500 Mn from 2016 – 2024. The market is expected to witness extremely high competition from other surface treatment technologies; however with stringent regulations and escalating end-use industry adoption, sales of powder coating equipment are expected to witness sustainable growth.
Sample of this report is available upon request @http://www.persistencemarketresearch.com/samples/8110
Global Powder Coating Equipment Market Analysis, By Application
General Metal segment to gain high market share during the forecast period
General Metal segment is expected to gain a high market share of 460 BPS to account for a dominant share of 33.5% by 2024 end. The Automotive segment is expected to account for a market share of 15.2% by 2024 end. The thriving market for automotive components is expected to boost sales of powder coating equipment during the forecast period with Asia Pacific spearheading the demand for guns and booths in the next eight years.
Agricultural and Construction machinery, Architectural, and Furniture segments are expected to witness similar Y-o-Y growth during the forecast period. However, the Furniture segment is expected to witness significant growth post 2020 owing to increasing adoption of MDF for mainstream application. Agricultural and Construction segment is expected to witness moderate growth throughout the forecast period; however with a recuperating global economy and sector growth, the increase in machinery production is expected to boost the value and volume sales.
General Metal
General metal segment was estimated to be valued at nearly US$ 700 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 500 Mn between 2016 and 2024
The segment is slated to be valued at nearly US$ 1,200 Mn by 2024, registering a CAGR of 6.6% over 2016 – 2024
Agricultural and Construction
Agricultural and Construction segment was estimated to be valued at nearly US$ 300 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 100 Mn between 2016 and 2024
The segment is slated to be valued at nearly US$ 400 Mn by 2024, exhibiting a CAGR of 4.3% over 2016 – 2024
Appliance
Appliances segment was estimated to be valued at nearly US$ 300 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 150 Mn between 2016 and 2024
The segment is slated to be valued at nearly US$ 450 Mn by 2024, registering a CAGR of 5.0% over 2016–2024
Automotive
Automotive segment was estimated to be valued at more than US$ 300 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 200 Mn between 2016 and 2024
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/powder-coating-equipment-market/toc
The segment is slated to be valued at nearly US$ 500 Mn by 2024, exhibiting a CAGR of 6.2% over 2016–2024
Global Powder Coating Equipment Market BPS Analysis and Y-o-Y Growth, by Application
General Metal and Automotive segments are expected to be relatively lucrative and sustainable markets for suppliers and manufacturers
General Metal, Automotive, and Others segments represent an attractiveness index of 2.7, 1.2, and 1.0 respectively, indicating strong revenue opportunities and high value growth. However, the General Metal segment is anticipated to expand at a higher growth rate than the other segments. Also, with the proliferating demand for automotive components, the Automotive segment is projected to witness high value growth opportunity during the forecast period. The Appliance segment is expected to record a moderate growth rate with key revenue contribution from Asian economies such as China, Japan, India, and ASEAN. For Furniture, Architectural, Agricultural, and Construction segments, the increasing presence of emission regulations in markets such as North America and Europe have aided the shift towards powder coating. Also, with increasing significance of emission laws in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa, the market is expected to gain traction during 2020 and 2024.
To Buy Full Report for a Single User @http://www.persistencemarketresearch.com/checkout/8110
Analyst Viewpoint
With an early adoption of powder coating for numerous applications such as furniture, general metal and automotive sectors, demand for powder coating equipment is anticipated to expand significantly. As powder coating is emerging as a safer alternative to liquid spray, which emits harmful emission and VOC, this makes it an even more attractive market. With the market embracing the paradigm shift to nature-friendly powder technologies, the global powder coating equipment market is likely to grow consistently during the forecast period. The market expansion of the global powder coating equipment market is somewhat restrained by high prices. Powder coating equipment is highly priced with most of the manufacturers based across Europe and North America. The market growth is comparatively slow in the MEA and Latin America markets.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Powder Coating Equipment Market Value is Expected to Increase to US$ 3,275.2 Million by 2024 here
News-ID: 565653 • Views: …
More Releases from Persistence Market Research
Fan-Out Wafer Level Packaging Market to Reach US$5.93 Bn by 2032: Growth Driven …
The global fan-out wafer level packaging (FOWLP) market is witnessing rapid expansion as the semiconductor industry continues to push the limits of performance, miniaturization, and energy efficiency. Fan-out wafer level packaging, a next-generation semiconductor packaging technology, offers significant advantages over traditional packaging techniques by enabling higher input/output (I/O) density, reduced package thickness, and enhanced electrical performance. As consumer electronics, automotive electronics, and advanced computing devices demand faster and more compact…
Hydrogen Tube Trailer Market to Reach US$ 651.9 Mn by 2032: Growth Driven by Ris …
The global hydrogen tube trailer market is experiencing remarkable growth, fueled by the expanding hydrogen economy and increasing demand for efficient and safe hydrogen transportation solutions. As hydrogen continues to emerge as a critical component in the global energy transition toward low-carbon and renewable fuels, the need for advanced logistics infrastructure-including high-capacity tube trailers-has become increasingly essential.
According to the latest study by Persistence Market Research, the global hydrogen tube trailer…
Paraffin Wax Market to Reach US$9.73 Billion by 2032, Driven by Growing Demand i …
The global paraffin wax market is experiencing a robust expansion, fueled by its versatile applications across a wide range of industries such as packaging, candle manufacturing, cosmetics, and pharmaceuticals. Paraffin wax, a petroleum-derived material known for its translucency, water resistance, and smooth texture, continues to be an indispensable ingredient in both industrial and consumer products.
According to the latest study by Persistence Market Research, the global paraffin wax market size is…
Coil Coatings Market to Reach US$5.3 Billion by 2032: Growth Driven by Expanding …
The global coil coatings market is witnessing sustained growth, driven by rising demand from the construction, automotive, and appliance manufacturing industries. Coil coatings-also known as pre-painted metal coatings-are applied to metal sheets and strips before fabrication, offering enhanced durability, corrosion resistance, and aesthetic appeal. These coatings not only improve product lifespan but also reduce environmental impact by minimizing waste and VOC (volatile organic compound) emissions compared to traditional post-painting methods.
According…
More Releases for Powder
Polyolefin Powder Market, By Type (Polyethylene Powder, Polypropylene Powder),Tr …
Data Bridge Market Research analyses the polyolefin powder market will exhibit a CAGR of 6.00% for the forecast period of 2022-2029 and is expected to reach the USD 11.79 billion by 2029.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-polyolefin-powder-market
Polyolefin is a polymer made from the simple monomer olefin, and its powder is made up of crystalline polyolefin made from olefins. Paper coating, ink and paint formulation, and injection moulding are just a few of the applications…
Nano Ceramic Powder Market: Information by Type (Oxide Powder, Carbide Powder, B …
Nano Ceramic powder is nanoparticles which are inorganic solids made up of oxides, ceramics, carbonates, and carbides. The Nano-Ceramic powder has a growing market as they are very useful due to its very small size.
Nano Ceramic powder is strong and the strength of these powder is similar to steel. They exhibit strength at high temperatures. They are more resistant to chemical situations than other metals. There is some ceramic powder…
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth.
Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the…
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth.
Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the…
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth.
Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the…
Global Egg Powder Market Status, Industry Player (Egg Powder, Egg Yolk Powder, E …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Egg Powder Market Increasing Consumption of Whole Egg Powder to be Observed in the Coming Years” which provides an outlook for current market value as well as the expected growth of Egg Powder during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with…
