Coating Equipment Market by Type, End-use Industry, and Region - Global Forecast to 2023

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Japan, Japan, Thu, 22 Jul 2021 06:22:10 / Comserve Inc. / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

The coating equipment market size is estimated to be USD 20.4 billion in 2018 and is projected to reach USD 27.7 billion by 2023, at a CAGR of 6.3%. The market is driven by various factors such as growing end-use industries and need for the replacement for existing coating systems. Availability of low-cost alternatives for some applications is a key factor restraining the coating equipment market.

The powder coating equipment segment is projected to grow at the fastest rate during the forecast period. Powder coating is generally applied to metal surfaces. In powder coating, the excess material can be reclaimed, which decreases the amount of waste material that goes into the waste stream. Although the use of powder coating equipment requires a large initial investment, the cost of applying powder is less than a liquid system in the long-term.

Powder coating is replacing liquid coating, wherever possible, due to its low-VOC content. The growing powder coating market is driving the demand for coating equipment. The need for large ovens for curing large objects coated with powder coatings is the main restraint to the growth of the powder coating equipment market.

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"The Final Report will cover the impact analysis of COVID-19 on this industry: Coating Equipment Market by Type, End-use Industry, and Region - Global Forecast to 2023

The aerospace end-use industry is projected to register the fastest-growth during the forecast period. Coatings in the aerospace industry are used for enhancing the performance and protect components in aircraft. The aerospace industry includes commercial, military, and general aviation segments. Strong growth of the aerospace industry and development of new aerospace coatings are the factors boosting the growth of the coating equipment market in this segment.
"APAC is likely to register the highest growth rate during the forecast period."

APAC is projected to be the fastest-growing coating equipment market. The emerging countries in the region are witnessing high population growth and industrial development. Increase in demand for automobiles and growing demand for coatings with better efficiency from end-use industries in the region is driving the coating equipment market.

Request for Sample Report: https://www.sdki.jp/sample-request-106390
"The Final Report will cover the impact analysis of COVID-19 on this industry: Coating Equipment Market by Type, End-use Industry, and Region - Global Forecast to 2023

The breakup of primary interviews is given below:
? By Company Type - Tier 1 - 35%, Tier 2 - 45%, and Tier 3 -20%
? By Designation - C level - 35%, Director level - 25%, and Others - 40%
? By Region - North America - 45%, Europe- 20%, APAC - 30%, RoW-5%.

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).

Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the global coating equipment market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.

2. The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansion, mergers & acquisition, agreements, and new product development.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 REGIONS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primary interviews 20
2.2 MARKET SIZE +0000IMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 MARKET OVERVIEW 28
4.1 MARKET DYNAMICS 28
4.1.1 DRIVERS 29
4.1.1.1 Increasing demand from growing end-use industries 29
4.1.1.2 Need for replacement of existing coating systems 30
4.1.2 RESTRAINTS 30
4.1.2.1 Availability of low-cost alternatives for some applications 30
4.1.3 OPPORTUNITIES 30
4.1.3.1 Economic growth in emerging economies 30
4.1.3.2 Development of new technology 30
4.1.4 CHALLENGES 31
4.1.4.1 Development of cheaper equipment for coatings 31

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

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