According to the new market research report “Coating Equipment Market by Type (Liquid Coating, Powder Coating, and Specialty Coating), End-use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Infrastructure), and Region – Global Forecast to 2023″, The coating equipment market size is estimated to be USD 20.4 billion in 2018 and is projected to reach more than USD 27.7 billion by 2023, at a CAGR of 6.3% between 2018 and 2023. Increasing demand from growing end-use industries and the need for replacement of existing coating systems are the key drivers for the growth of the coating equipment market.
Don’t miss out on business opportunities in Coating Equipment Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=37434769
Selection of coating equipment for use in varied end-use industries depends on various factors, which include type of coating material, shape of the object to be coated, and degree of surface finish required. Surface finish is an important factor in all end-use industries, such as automotive & transportation, aerospace, industrial, and building & infrastructure. To get proper finish of the coated surface, various types of coating equipment are used.
On the basis of type, the coating equipment market has been segmented into liquid coating equipment, powder coating equipment, and specialty coating equipment. These types include various coating tools, such as conventional spray guns, electrostatic spray guns, and thermal spray guns, among others.
Among end-use industries, the industrial segment of the coating equipment market is projected to grow at the highest CAGR during the forecast period. It is expected to be followed by the automotive & transportation segment of the coating equipment market. Emerging countries are undergoing rapid industrialization to ensure their economic growth. Growth of various end-use industries across the globe is fueling the demand for different types of industrial products. Moreover, growing concerns about protection of expensive machines and equipment from corrosion is resulting in increased requirement for anti-corrosion coatings. This, in turn, is expected to fuel the growth of the industrial segment of the coating equipment market during the forecast period.
Browse and in-depth TOC on “Coating Equipment Market – Global Forecast to 2023”
81 – Tables
33 – Figures
137 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/coating-equipment-market-37434769.html
The global market size for coating equipment is projected to grow from USD 20.4 billion in 2018 to USD 27.7 billion by 2023, at a CAGR of 6.3%. Increasing demand from growing end-use industries and the need for replacement of existing coating systems are the driving factor for the coating equipment market, globally.
The leading players in the coating equipment market are Nordson Corp (US), IHI Corp (Japan), OC Oerlikon (Switzerland), SATA (Germany), Graco (US), ANEST IWATA (JAPAN), ASAHI Sunac Corp (Japan), J. Wagner (Germany), Carlisle Companies (US), and WIWA Wilhelm Wagner (Germany). These players adopted key growth strategies such as expansion, agreement, merger & acquisition, and new product development from 2014 to 2018 to increase their share in the market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37434769
OC Oerlikon (Switzerland) has also been actively participating in market developments. With the acquisition of Metco (Switzerland) in 2014, Oerlikon merged Oerlikon Balzers with Metco to form the Surface Solutions Segment. This has made Oerlikon one of the leading players in the specialty coating market, particularly thermal sprays. The company has also expanded its manufacturing facilities to cater to the growing demand for coating equipment. In September 2018, it opened its second production center in Ve¾ká Ida, Slovakia. The new plant made Ve¾ká Ida, the most important site for coating and heat treating of automotive components. In April 2018, it opened its largest coating center for tools in Germany. This expansion strengthens its business in the German market. The company has more than 100 coating centers in the world.
Carlisle Companies has also adopted various strategies to enhance its business. The company carries out its coating equipment business with manufacturing and assembly facilities, primarily, in the US, the UK, Switzerland, China, and Japan, with approximately 60% of its sales outside the US. In July 2018, Carlisle Fluid Technology (CFT), a division of Carlisle Companies, opened its new building in Bournemouth, UK. The building is used for the manufacturing of handguns, automatic guns, mixing, and powder finishing to enhance the manufacturing capabilities of the company. The company adopted organic and inorganic growth strategies to strengthen its market share in the coating equipment market. In January 2017, it acquired Arbo (UK) at a deal value of USD 11.5 million. The acquisition contributed to the increase in net sales of the company. In April 2015, the company acquired the Finishing Brands business from Graco (US), a manufacturer of powder coating systems and related components for a deal value of USD 611.1 million.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/coating-equipment-market.asp
Visit Our Website: https://www.marketsandmarkets.com