Press release
Powder Coating Equipment Market is projected to Reflect US$ 3,275.2 Mn by 2024
Based on application, general metal will continue to lead in terms of consumption, capturing a revenue share of more than 33% in 2024, witnessing a gain by 460 BPS over the forecast period. Automotive will continue to represent the second largest segment with over 15% market value share in 2024. Others, appliances, and agriculture and construction will be the next key application segments; however, the fastest growth will be seen in the general metal segment.
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On the basis of regional analysis, with a gain of over 250 BPS during the assessment period, APAC will retain the top regional market position. This region will account for nearly 38% share of the total revenues in 2024. China, India, and ASEAN countries will remain the prominent markets within APAC. North America will also be a key market, followed by Europe.
Among the leading companies profiled in Persistence Market Research’s global powder coating equipment market report, tier 1 companies will continue to capture around half of the market revenue share.
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Some of the key players partaking in the market are Nordson Corporation, Gema Switzerland GmbH, Sames Technologies, J. Wagner GmbH, Nihon Parkerizing Co. Ltd., and MS Oberflächentechnik AG. A few other notable companies include Asahi Sunac Corporation, Koryo Coating Machine Industrial Co. Ltd., Mitsuba Systems (India) Pvt. Ltd., and Hangzhou Color Powder Coating Equipment Co., Ltd.
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Persistence Market Research (PMR) is a U.S.-based 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, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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