Huge Demand of Global Powder Coating Equipment Market during 2021-2024
New Study Reports “Powder Coating Equipment Market 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2024″ has been Added on PMR.
Market Overview
In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of the study of the Powder Coating Equipment Market gives a proper idea of the market present scenario so that each and every enterprise or manufacturer will not experience the issues that occur due to the lack of information.
The study objectives of this report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.
Persistence Market Research analyzes the global powder coating equipment market over an eight-year period, 2016-2024. According to a recent report outlook titled “Powder Coating Equipment Market: Global Industry Analysis and Forecast, 2016 – 2024,” the US$ 2,127.7 Mn market for powder coating equipment is likely to expand moderately over the forecast period, reaching a value of US$ 3,275.2 Mn by 2024 end.
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Regional analysis concludes that Asia Pacific will remain a fertile market for powder coating equipment throughout the assessed period; it will possibly remain the largest as well as fastest growing regional market through 2024. A fundamental shift from liquid spray to powder coating is predicted to boost gradual sales of powder coating equipment during the period of forecast.
Key Players:
The report has profiled some of the Important players prevalent in the global like – 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 and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Powder Coating Equipment.
Key Driver Insights
- The consumption of powder coating equipment will possibly increase by 1.6X through the aforementioned period, attributed to soaring adoption by end-use industries.
- Although the market is expected to face extremely high competition from other surface treatment technologies, stringent favorable regulations will continue to sustain the sales in near future.
- Increasing preference for powder coating technique as a superior, economic, viable, operationally and functionally effective technology is identified to be the key factor fueling the demand for powder coating equipment over the next few years.
- In addition to surging adoption by various industries, prominent consumption by general metal and automotive manufacturing sectors will remain the crucial factors escalating the sales.
Key Trend & Opportunity Insights
- Soaring demand for automated powder coating systems for batch manufacturing is a growing trend.
- Increasing demand by architectural and furniture businesses will also push the sales.
- The market is likely to benefit from the introduction of color-handling solution to encompass a diverse range of commercial applications.
- Launch of vertical recirpocator units will also hold a positive influence on market growth.
- Adoption of MDF material for applications in furniture industry within developing Asian and Middle Eastern and African markets will create a slew of opportunities through 2024.
Key Component Insights
By component, booths and system segment will remain dominant, accounting for over 38% share of the total revenues in 2024, followed by gun and oven segments. Booths and system segment will reportedly witness a relatively higher CAGR over 2016-2024. Within this segment, automatic sub-segment is likely to remain dominant but manual sub-segment will witness higher growth through 2024.
Key Application Insights
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.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Powder Coating Equipment Market Manufacturers
Powder Coating Equipment Market Distributors/Traders/Wholesalers
Powder Coating Equipment Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Powder Coating Equipment Market Report:
- The Powder Coating Equipment Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Powder Coating Equipment Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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