Table of Content

"1    INTRODUCTION    30
1.1    OBJECTIVES OF THE STUDY    30
1.2    MARKET DEFINITION    30
1.2.1    INCLUSIONS & EXCLUSIONS    31
TABLE 1    INCLUSIONS & EXCLUSIONS IN THE REPORT    31
1.3    MARKET SCOPE    31
FIGURE 1    COATING EQUIPMENT MARKET SEGMENTATION    31
1.3.1    REGIONS COVERED    32
1.3.2    YEARS CONSIDERED FOR THE STUDY    32
1.4    CURRENCY    32
1.5    LIMITATIONS    33
1.6    STAKEHOLDERS    33
1.7    SUMMARY OF CHANGES    33
2    RESEARCH METHODOLOGY    34
2.1    RESEARCH DATA    34
FIGURE 2    COATING EQUIPMENT MARKET: RESEARCH DESIGN    34
2.1.1    SECONDARY DATA    35
2.1.1.1    Key data from secondary sources    35
2.1.2    PRIMARY DATA    35
2.1.2.1    Key data from primary sources    36
2.1.2.2    Key industry insights    37
2.1.2.3    Breakdown of primary interviews    37
2.2    MARKET SIZE ESTIMATION    38
2.2.1    TOP-DOWN APPROACH: ESTIMATING MARKET SHARE OF TOP COATING EQUIPMENT MANUFACTURERS AND ITS SHARE IN THE GLOBAL MARKET    38
FIGURE 3    MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    38
2.2.2    BOTTOM-UP APPROACH: ESTIMATING MARKET SIZE OF CHINA AND ITS SHARE IN THE GLOBAL MARKET    39
FIGURE 4    MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH    39
2.3    DATA TRIANGULATION    40
FIGURE 5    DATA TRIANGULATION: COATING EQUIPMENT MARKET    40
2.4    RESEARCH ASSUMPTIONS    41
2.4.1    LIMITATIONS    41
2.4.2    GROWTH RATE ASSUMPTIONS    41

3    EXECUTIVE SUMMARY    42
FIGURE 6    SPECIALTY COATING EQUIPMENT ACCOUNTED FOR LARGEST
SHARE OF OVERALL MARKET IN 2020    43
FIGURE 7    AUTOMOTIVE & TRANSPORTATION TO LEAD OVERALL COATING EQUIPMENT MARKET BETWEEN 2021 AND 2026    43
FIGURE 8    APAC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    44
4    PREMIUM INSIGHTS    45
4.1    ATTRACTIVE OPPORTUNITIES IN THE COATING EQUIPMENT MARKET    45
FIGURE 9    RISING DEMAND FROM APAC REGION TO DRIVE THE MARKET    45
4.2    APAC: COATING EQUIPMENT MARKET, BY TYPE AND COUNTRY    45
FIGURE 10    CHINA ACCOUNTED FOR THE LARGEST MARKET SHARE    45
4.3    COATING EQUIPMENT MARKET, BY COATING TYPE    46
FIGURE 11    SPECIALTY COATING TO REGISTER THE HIGHEST CAGR    46
4.4    COATING EQUIPMENT MARKET, BY END-USE INDUSTRY    46
FIGURE 12    INDUSTRIAL SEGMENT TO REGISTER THE HIGHEST CAGR    46
4.5    COATING EQUIPMENT MARKET: MAJOR COUNTRIES    47
FIGURE 13    THAILAND TO BE THE FASTEST-GROWING MARKET    47
5    MARKET OVERVIEW    48
5.1    INTRODUCTION    48
FIGURE 14    MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COATING EQUIPMENT MARKET    48
5.1.1    DRIVERS    49
5.1.1.1    Recovery of the automotive industry and growing penetration of
EVs will support the market growth    49
FIGURE 15    GLOBAL ELECTRIC PASSENGER CAR SALES, 2010-2020 (MILLION)    49
FIGURE 16    GLOBAL EV REGISTRATIONS AND MARKET SHARE, 2015-2020    50
5.1.1.2    Potential growth in the manufacturing industry will boost the demand for coating equipment during the forecast period    50
FIGURE 17    GROWTH RATES OF MANUFACTURING OUTPUT OF INDUSTRIALIZED REGION, Q1 2021    51
5.1.1.3    Need for replacement of existing coating systems    51
5.1.2    RESTRAINTS    51
5.1.2.1    Availability of low-cost alternatives for some applications    51
5.1.2.2    Economic slowdown and impact of COVID-19 on the
manufacturing sector    51
FIGURE 18    THE DECLINING CRUDE OIL PRICES, 2014-2020    52
5.1.3    OPPORTUNITIES    52
5.1.3.1    Development of new technologies    52
5.1.4    CHALLENGES    52
5.1.4.1    Development of cheaper equipment for coatings    52

5.2    PORTER’S FIVE FORCES ANALYSIS    53
FIGURE 19    COATING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS    53
5.2.1    THREAT OF NEW ENTRANTS    53
5.2.2    BARGAINING POWER OF SUPPLIERS    54
5.2.3    THREAT OF SUBSTITUTES    54
5.2.4    BARGAINING POWER OF BUYERS    54
5.2.5    INTENSITY OF COMPETITIVE RIVALRY    54
TABLE 2    COATING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS    55
5.3    MACROECONOMIC INDICATORS    55
5.3.1    GDP GROWTH PROJECTION WORLDWIDE    55
TABLE 3    GDP GROWTH PROJECTION WORLDWIDE    56
TABLE 4    GLOBAL AUTOMOTIVE PRODUCTION (UNITS), BY COUNTRY    58
5.3.2    AEROSPACE INDUSTRY TRENDS    59
TABLE 5    DEMAND FOR NEW AIRPLANES, BY REGION, BETWEEN 2021–2040    59
5.4    VALUE CHAIN ANALYSIS    60
FIGURE 20    VALUE CHAIN ANALYSIS OF COATING EQUIPMENT MARKET    60
5.4.1    DISRUPTION DUE TO COVID-19    61
5.5    REGULATORY LANDSCAPE    61
TABLE 6    REGULATORY LANDSCAPE: REGION/COUNTRY-WISE    61
5.6    ECOSYSTEM    62
FIGURE 21    COATING EQUIPMENT ECOSYSTEM    62
5.7    TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS    63
5.7.1    REVENUE SHIFTS AND REVENUE POCKETS FOR COATING
EQUIPMENT MANUFACTURERS    63
FIGURE 22    REVENUE SHIFT FOR COATING EQUIPMENT MARKET    63
5.8    SCENARIO ANALYSIS OF COATING EQUIPMENT MARKET    64
FIGURE 23    COATING EQUIPMENT MARKET, IN TERMS OF VALUE,
BY SCENARIO ANALYSIS, 2019–2026 (USD MILLION)    64
5.9    PRICING ANALYSIS    65
5.9.1    FACTORS AFFECTING THE PRICES OF COATING EQUIPMENT    65
TABLE 7    AVERAGE PRICES OF DIFFERENT COATING EQUIPMENT IN
DIFFERENT REGIONS (USD)    65
5.10    CASE STUDY ANALYSIS    65
5.10.1    THERMAL SPRAYING OF A F100 AUGMENTER    65
5.11    FORECASTING FACTORS AND IMPACT OF COVID-19 PANDEMIC    66
5.11.1    COVID-19 ECONOMIC ASSESSMENT    66
5.11.2    MAJOR ECONOMIC EFFECTS OF COVID-19    67
FIGURE 24    EFFECTS ON GDP OF COUNTRIES    67
5.11.3    DISRUPTION IN THE AUTOMOTIVE INDUSTRY    68
5.11.3.1    Most affected regions/countries    68
5.11.3.1.1    China    68
5.11.3.1.2    Europe    68
FIGURE 25    SLOW RECOVERY IN DEMAND FOR COATING EQUIPMENT MARKET    69
5.12    TRADE ANALYSIS    69
TABLE 8    INTENSITY OF TRADE, BY KEY COUNTRY    70
5.13    PATENT ANALYSIS    70
5.13.1    INTRODUCTION    70
5.13.2    METHODOLOGY    71
5.13.3    DOCUMENT TYPE    71
FIGURE 26    NUMBER OF PATENTS PUBLISHED FROM 2010 TO 2020    71
FIGURE 27    NUMBER OF PATENTS PUBLISHED YEAR-WISE (2010-2020)    72
5.13.4    INSIGHTS    72
5.13.5    JURISDICTION ANALYSIS    72
FIGURE 28    PATENT ANALYSIS, BY TOP JURISDICTION    72
5.13.6    TOP COMPANIES/APPLICANTS    73
FIGURE 29    TOP 10 COMPANIES/APPLICANTS WITH THE HIGHEST NUMBER OF PATENTS    73
5.13.6.1    List of patents by Fujimi Incorporated    73
TABLE 9    LIST OF PATENTS BY FUJIMI INCORPORATED    73
5.13.6.2    List of patents by Beijing Boyang Dingrong PV Tech Co Ltd    74
5.13.6.3    List of patents by Daimler AG    75
5.13.6.4    TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS    76
6    COATING EQUIPMENT MARKET, BY COATING TYPE    77
6.1    INTRODUCTION    78
FIGURE 30    SPECIALTY COATING EQUIPMENT ACCOUNTED FOR LARGEST SHARE OF OVERALL COATING EQUIPMENT MARKET IN 2020    78
TABLE 10    COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    78
TABLE 11    COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    79
6.2    LIQUID COATING EQUIPMENT    79
6.2.1    AVAILABILITY OF ALTERNATIVES SUCH AS BRUSHES AND ROLLERS ARE EXPECTED TO HAMPER THE GROWTH OF THE MARKET    79
TABLE 12    LIQUID COATING EQUIPMENT MARKET SIZE, BY REGION,
2016–2018 (USD MILLION)    80
TABLE 13    LIQUID COATING EQUIPMENT MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    80
6.3    POWDER COATING EQUIPMENT    81
6.3.1    BETTER COATING EFFICIENCY AND ADVANTAGE OF RECLAMATION TO
BOOST DEMAND FOR POWDER COATING EQUIPMENT    81
TABLE 14    POWDER COATING EQUIPMENT MARKET SIZE, BY REGION,
2016–2018 (USD MILLION)    82
TABLE 15    POWDER COATING EQUIPMENT MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    82

6.4    SPECIALTY COATING EQUIPMENT    82
6.4.1    MIDDLE EAST & AFRICA IS FASTEST-GROWING MARKET FOR SPECIALTY COATING EQUIPMENT    82
TABLE 16    SPECIALTY COATING EQUIPMENT MARKET SIZE, BY REGION,
2016–2018 (USD MILLION)    85
TABLE 17    SPECIALTY COATING EQUIPMENT MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    85
7    COATING EQUIPMENT MARKET, BY END-USE INDUSTRY    86
7.1    INTRODUCTION    87
FIGURE 31    AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST SHARE OF OVERALL COATING EQUIPMENT MARKET, 2020 (USD MILLION)    87
TABLE 18    COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    87
TABLE 19    COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    88
7.2    AUTOMOTIVE & TRANSPORTATION    88
7.2.1    EMERGING TRENDS AND NEW INVESTMENTS TO DRIVE DEMAND FOR COATING EQUIPMENT IN AUTOMOTIVE & TRANSPORTATION    88
7.2.1.1    Growth in EV production to drive the demand    89
TABLE 20    EQUIPMENT COATING MARKET SIZE IN AUTOMOTIVE, BY REGION,
2016–2018 (USD MILLION)    89
TABLE 21    EQUIPMENT COATING MARKET SIZE IN AUTOMOTIVE, BY REGION,
2019–2026 (USD MILLION)    89
7.3    AEROSPACE    90
7.3.1    TECHNOLOGICAL INNOVATIONS AND INCREASING PENETRATION OF COATINGS TO DRIVE THE DEMAND IN THIS SEGMENT    90
TABLE 22    EQUIPMENT COATING MARKET SIZE IN AEROSPACE, BY REGION,
2016–2018 (USD MILLION)    90
TABLE 23    EQUIPMENT COATING MARKET SIZE IN AEROSPACE, BY REGION,
2019–2026 (USD MILLION)    91
7.4    INDUSTRIAL    91
7.4.1    INCREASING INVESTMENT AND ESTABLISHMENT OF NEW MANUFACTURING FACILITIES TO DRIVE THE MARKET    91
FIGURE 32    TOTAL INDUSTRY PRODUCTION OUTPUT INDEX OF OECD COUNTRIES,
Q2-2019 – Q1-2021 (2015 = 100 INDEX)    92
TABLE 24    EQUIPMENT COATING MARKET SIZE IN INDUSTRIAL, BY REGION,
2016–2018 (USD MILLION)    92
TABLE 25    EQUIPMENT COATING MARKET SIZE IN INDUSTRIAL, BY REGION,
2019–2026 (USD MILLION)    93
7.5    BUILDING & INFRASTRUCTURE    93
7.5.1    GROWING CONSTRUCTION INDUSTRY TO BOOST THE DEMAND FOR
COATING EQUIPMENT    93
TABLE 26    EQUIPMENT COATING MARKET SIZE IN BUILDING & INFRASTRUCTURE,
BY REGION, 2016–2018 (USD MILLION)    94
TABLE 27    EQUIPMENT COATING MARKET SIZE IN BUILDING & INFRASTRUCTURE,
BY REGION, 2019–2026 (USD MILLION)    94

7.6    OTHERS    94
TABLE 28    EQUIPMENT COATING MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2016–2018 (USD MILLION)    95
TABLE 29    EQUIPMENT COATING MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2019–2026 (USD MILLION)    95
8    COATING EQUIPMENT MARKET, BY REGION    96
8.1    INTRODUCTION    97
FIGURE 33    REGIONAL SNAPSHOT: RAPIDLY GROWING ECONOMIES
EMERGING AS NEW HOTSPOTS    97
TABLE 30    COATING EQUIPMENT MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)    97
8.2    NORTH AMERICA    98
FIGURE 34    NORTH AMERICA: COATING EQUIPMENT MARKET SNAPSHOT    99
TABLE 31    NORTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2016–2018 (USD MILLION)    99
TABLE 32    NORTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)    100
TABLE 33    NORTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    100
TABLE 34    NORTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    100
TABLE 35    NORTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    100
TABLE 36    NORTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    101
8.2.1    US    101
8.2.1.1    Steady growth in automotive and aerospace industries expected to drive US market    101
TABLE 37    US: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    102
TABLE 38    US: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    102
TABLE 39    US: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    102
TABLE 40    US: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    103
8.2.2    CANADA    103
8.2.2.1    Rising investment in end-use industries likely to drive
market in Canada    103
TABLE 41    CANADA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    104
TABLE 42    CANADA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    104
TABLE 43    CANADA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    104
TABLE 44    CANADA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    105

8.2.3    MEXICO    105
8.2.3.1    Mexican aerospace industry is a major growth driver for coating equipment market    105
TABLE 45    MEXICO: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    106
TABLE 46    MEXICO: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    106
TABLE 47    MEXICO: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    106
TABLE 48    MEXICO: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    106
8.3    APAC    107
FIGURE 35    APAC: COATING EQUIPMENT MARKET SNAPSHOT    107
TABLE 49    APAC: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2016–2018 (USD MILLION)    108
TABLE 50    APAC: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)    108
TABLE 51    APAC: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    108
TABLE 52    APAC: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    109
TABLE 53    APAC: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    109
TABLE 54    APAC: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    109
8.3.1    CHINA    110
8.3.1.1    Growing investments in automotive and aerospace industries boosting market in China    110
TABLE 55    CHINA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    110
TABLE 56    CHINA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    111
TABLE 57    CHINA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    111
TABLE 58    CHINA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    111
8.3.2    INDIA    112
8.3.2.1    New automotive and aircraft manufacturing facilities expected to drive demand for coating equipment in India    112
TABLE 59    INDIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    112
TABLE 60    INDIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    113
TABLE 61    INDIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    113
TABLE 62    INDIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    113

8.3.3    JAPAN    114
8.3.3.1    Establishment of new automotive manufacturing facilities likely to lead to market growth    114
TABLE 63    JAPAN: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    115
TABLE 64    JAPAN: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    115
TABLE 65    JAPAN: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    115
TABLE 66    JAPAN: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    115
8.3.4    SOUTH KOREA    116
8.3.4.1    Steady growth of end-use industries driving coating equipment market in South Korea    116
TABLE 67    SOUTH KOREA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    116
TABLE 68    SOUTH KOREA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    116
TABLE 69    SOUTH KOREA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    117
TABLE 70    SOUTH KOREA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    117
8.3.5    INDONESIA    117
8.3.5.1    Strong growth of automotive, aerospace, and industrial segments expected to boost market for coating equipment    117
TABLE 71    INDONESIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    118
TABLE 72    INDONESIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    118
TABLE 73    INDONESIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    118
TABLE 74    INDONESIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    119
8.3.6    THAILAND    119
8.3.6.1    Strong growth of end-use industries expected to drive demand for coating equipment in Thailand    119
TABLE 75    THAILAND: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    119
TABLE 76    THAILAND: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    120
TABLE 77    THAILAND: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    120
TABLE 78    THAILAND: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    120
8.3.7    VIETNAM    121
8.3.7.1    Growing urbanization driving demand for coating equipment from building & infrastructure industry    121
TABLE 79    VIETNAM: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    121
TABLE 80    VIETNAM: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    121
TABLE 81    VIETNAM: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    121
TABLE 82    VIETNAM: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    122
8.3.8    REST OF APAC    122
TABLE 83    REST OF APAC: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    122
TABLE 84    REST OF APAC: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    122
TABLE 85    REST OF APAC: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    123
TABLE 86    REST OF APAC: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    123
8.4    EUROPE    123
TABLE 87    EUROPE: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2016–2018 (USD MILLION)    124
TABLE 88    EUROPE: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)    124
TABLE 89    EUROPE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    125
TABLE 90    EUROPE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    125
TABLE 91    EUROPE: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    125
TABLE 92    EUROPE: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    126
8.4.1    GERMANY    126
8.4.1.1    Growing EV penetration and growth of manufacturing industries expected to drive demand for coating equipment    126
TABLE 93    GERMANY: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    127
TABLE 94    GERMANY: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    127
TABLE 95    GERMANY: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    127
TABLE 96    GERMANY: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    128
8.4.2    FRANCE    128
8.4.2.1    Aerospace MRO services, new investments in automatic machinery & equipment, and emergence of lightweight & energy-efficient vehicles likely to drive coating equipment demand    128
TABLE 97    FRANCE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    129
TABLE 98    FRANCE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    129
TABLE 99    FRANCE: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    129
TABLE 100    FRANCE: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    130
8.4.3    NETHERLANDS    130
8.4.3.1    Changing trends in automotive industry expected to fuel demand for coating equipment in Netherlands    130
TABLE 101    NETHERLANDS: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    130
TABLE 102    NETHERLANDS: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    131
TABLE 103    NETHERLANDS: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    131
TABLE 104    NETHERLANDS: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    131
8.4.4    RUSSIA    132
8.4.4.1    Recovery of automotive industry likely to drive market in Russia    132
TABLE 105    RUSSIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    132
TABLE 106    RUSSIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    132
TABLE 107    RUSSIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    133
TABLE 108    RUSSIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    133
8.4.5    UK    133
8.4.5.1    Increasing investments in aerospace industry expected to
drive UK market    133
TABLE 109    UK: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    134
TABLE 110    UK: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    134
TABLE 111    UK: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    135
TABLE 112    UK: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    135
8.4.6    TURKEY    135
8.4.6.1    Automotive industry a major driver for Turkish coating
equipment market    135
TABLE 113    TURKEY: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    136
TABLE 114    TURKEY: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    136
TABLE 115    TURKEY: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    136
TABLE 116    TURKEY: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026, (USD MILLION)    137
8.4.7    REST OF EUROPE    137
TABLE 117    REST OF EUROPE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    137
TABLE 118    REST OF EUROPE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    137
TABLE 119    REST OF EUROPE: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    138
TABLE 120    REST OF EUROPE: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    138
8.5    MIDDLE EAST & AFRICA    138
TABLE 121    MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE, BY COUNTRY, 2016–2018 (USD MILLION)    139
TABLE 122    MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)    139
TABLE 123    MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE,
BY COATING TYPE, 2016–2018 (USD MILLION)    139
TABLE 124    MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE,
BY COATING TYPE, 2019–2026 (USD MILLION)    139
TABLE 125    MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    140
TABLE 126    MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    140
8.5.1    SAUDI ARABIA    140
8.5.1.1    Investments in end-use industries expected to increase the demand for coating equipment in the country    140
TABLE 127    SAUDI ARABIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    141
TABLE 128    SAUDI ARABIA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    141
TABLE 129    SAUDI ARABIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    141
TABLE 130    SAUDI ARABIA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    142
8.5.2    UAE    142
8.5.2.1    Growth in the automotive and aerospace industries expected to drive the coating equipment market    142
TABLE 131    UAE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    142
TABLE 132    UAE: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    143
TABLE 133    UAE: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    143
TABLE 134    UAE: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    143
8.5.3    REST OF THE MIDDLE EAST & AFRICA    143
TABLE 135    REST OF THE MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    144
TABLE 136    REST OF THE MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    144
TABLE 137    REST OF THE MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    144
TABLE 138    REST OF THE MIDDLE EAST & AFRICA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    145
8.6    SOUTH AMERICA    145
TABLE 139    SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2016–2018 (USD MILLION)    145
TABLE 140    SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)    146
TABLE 141    SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2016–2018 (USD MILLION)    146
TABLE 142    SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE, 2019–2026 (USD MILLION)    146
TABLE 143    SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    146
TABLE 144    SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    147
8.6.1    BRAZIL    147
8.6.1.1    The country’s economic recovery and investments in the automotive industry are expected to propel the market    147
TABLE 145    BRAZIL: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    147
TABLE 146    BRAZIL: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    148
TABLE 147    BRAZIL: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2016–2018 (USD MILLION)    148
TABLE 148    BRAZIL: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    148
8.6.2    ARGENTINA    149
8.6.2.1    Strategic alliances in the aerospace industry are expected to contribute to the growth of the coating equipment market in
the country    149
TABLE 149    ARGENTINA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2016–2018 (USD MILLION)    149
TABLE 150    ARGENTINA: COATING EQUIPMENT MARKET SIZE, BY COATING TYPE,
2019–2026 (USD MILLION)    149
TABLE 151    ARGENTINA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    150
TABLE 152    ARGENTINA: COATING EQUIPMENT MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    150
8.6.3    REST OF SOUTH AMERICA    150
TABLE 153    REST OF SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY COATING TYPE, 2016–2018 (USD MILLION)    150
TABLE 154    REST OF SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY COATING TYPE, 2019–2026 (USD MILLION)    151
TABLE 155    REST OF SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2016–2018 (USD MILLION)    151
TABLE 156    REST OF SOUTH AMERICA: COATING EQUIPMENT MARKET SIZE,
BY END-USE INDUSTRY, 2019–2026 (USD MILLION)    151

9    COMPETITIVE LANDSCAPE    152
9.1    INTRODUCTION    152
TABLE 157    EXPANSION OF FACILITIES IS A KEY STRATEGY ADOPTED
BY PLAYERS BETWEEN 2018 AND 2021    152
9.2    MARKET SHARE ANALYSIS    153
FIGURE 36    MARKET SHARE OF KEY PLAYERS, 2020    153
TABLE 158    COATING EQUIPMENT MARKET: SHARE OF KEY PLAYERS    154
TABLE 159    STRATEGIC POSITIONING OF KEY PLAYERS    154
9.3    COMPANY EVALUATION MATRIX DEFINITION AND TECHNOLOGY    155
9.3.1    STAR    155
9.3.2    PERVASIVE    155
9.3.3    EMERGING LEADER    155
9.3.4    PARTICIPANT    155
FIGURE 37    COATING EQUIPMENT MARKET: COMPANY EVALUATION MATRIX, 2020    156
9.4    STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
EVALUATION MATRIX    157
9.4.1    RESPONSIVE COMPANIES    157
9.4.2    DYNAMIC COMPANIES    157
9.4.3    STARTING BLOCKS    157
FIGURE 38    START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2020    158
9.5    REVENUE ANALYSIS OF TOP PLAYERS    159
TABLE 160    REVENUE ANALYSIS OF KEY PLAYERS    159
9.6    COMPANY PRODUCT FOOTPRINT    160
TABLE 161    COMPANY FOOTPRINT, BY TYPE    160
TABLE 162    COMPANY FOOTPRINT, BY END-USE INDUSTRY    161
TABLE 163    COMPANY FOOTPRINT, BY REGION    162
9.7    KEY MARKET DEVELOPMENTS    163
9.7.1    DEALS    163
9.7.2    NEW PRODUCT LAUNCHES    164
9.7.3    OTHERS    165
10    COMPANY PROFILES    166
10.1    MAJOR COMPANIES    166
(Business Overview, Product/Solution/Service Offered, Recent Developments, Winning Imperatives, and MnM View)*
10.1.1    IHI CORPORATION    166
TABLE 164    IHI CORPORATION: BUSINESS OVERVIEW    166
FIGURE 39    IHI CORPORATION: COMPANY SNAPSHOT    167
TABLE 165    IHI CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERED    167
TABLE 166    IHI CORPORATION: DEALS    168
TABLE 167    IHI CORPORATION: EXPANSIONS    168
FIGURE 40    IHI CORPORATION’S CAPABILITY IN COATING EQUIPMENT MARKET    170
10.1.2    NORDSON CORPORATION    171
TABLE 168    NORDSON CORPORATION: BUSINESS OVERVIEW    171
FIGURE 41    NORDSON CORPORATION: COMPANY SNAPSHOT    171
TABLE 169    NORDSON CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERED    172
TABLE 170    NORDSON CORPORATION: NEW PRODUCT LAUNCHES    175
FIGURE 42    NORDSON CORPORATION’S CAPABILITY IN COATING EQUIPMENT MARKET    177
10.1.3    OC OERLIKON MANAGEMENT AG    178
TABLE 171    OC OERLIKON MANAGEMENT AG: BUSINESS OVERVIEW    178
FIGURE 43    OC OERLIKON MANAGEMENT AG: COMPANY SNAPSHOT    178
TABLE 172    OC OERLIKON MANAGEMENT AG: PRODUCT/SOLUTION/SERVICE OFFERED    179
TABLE 173    OC OERLIKON MANAGEMENT AG: DEALS    180
FIGURE 44    OC OERLIKON MANAGEMENT AG CAPABILITY IN COATING
EQUIPMENT MARKET    183
10.1.4    GRACO INC.    184
TABLE 174    GRACO INC.: BUSINESS OVERVIEW    184
FIGURE 45    GRACO INC.: COMPANY SNAPSHOT    184
TABLE 175    GRACO INC.: PRODUCT/SOLUTION/SERVICE OFFERED    185
TABLE 176    GRACO INC.: NEW PRODUCT LAUNCHES    185
TABLE 177    GRACO INC.: DEALS    186
FIGURE 46    GRACO INC. CAPABILITY IN COATING EQUIPMENT MARKET    187
10.1.5    ANEST IWATA CORPORATION    188
TABLE 178    ANEST IWATA CORPORATION: BUSINESS OVERVIEW    188
FIGURE 47    ANEST IWATA CORPORATION: COMPANY SNAPSHOT    189
TABLE 179    ANEST IWATA CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERED    189
FIGURE 48    ANEST IWATA CORPORATION CAPABILITY IN COATING EQUIPMENT MARKET    191
10.1.6    SATA GMBH & CO. KG    192
TABLE 180    SATA GMBH & CO. KG: BUSINESS OVERVIEW    192
TABLE 181    SATA GMBH & CO. KG: PRODUCT/SOLUTION/SERVICE OFFERED    192
TABLE 182    SATA GMBH & CO. KG: NEW PRODUCT LAUNCH    193
10.1.7    ASAHI SUNAC CORPORATION    194
TABLE 183    ASAHI SUNAC CORPORATION: BUSINESS OVERVIEW    194
TABLE 184    ASAHI SUNAC CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERED    194
10.1.8    WIWA WILHELM WAGNER GMBH & CO. KG    195
TABLE 185    WIWA WILHELM WAGNER GMBH & CO. KG: BUSINESS OVERVIEW    195
TABLE 186    WIWA WILHELM WAGNER GMBH & CO. KG:
PRODUCT/SOLUTION/SERVICE OFFERED    195
10.1.9    J. WAGNER GMBH    197
TABLE 187    J. WAGNER GMBH: BUSINESS OVERVIEW    197
TABLE 188    J. WAGNER GMBH: PRODUCT/SOLUTION/SERVICE OFFERED    197
TABLE 189    J. WAGNER GMBH: NEW PRODUCT LAUNCHES    198
10.1.10    TRITECH INDUSTRIES, INC.    199
TABLE 190    TRITECH INDUSTRIES, INC.: BUSINESS OVERVIEW    199
TABLE 191    TRITECH INDUSTRIES, INC.: PRODUCT/SOLUTION/SERVICE OFFERED    199
10.1.11    LARIUS    200
TABLE 192    LARIUS: BUSINESS OVERVIEW    200
TABLE 193    LARIUS: PRODUCT/SOLUTION/SERVICE OFFERED    200
10.1.12    TITAN TOOL    202
TABLE 194    TITAN TOOL: BUSINESS OVERVIEW    202
TABLE 195    TITAN TOOL: PRODUCT/SOLUTION/SERVICE OFFERED    202
10.1.13    NINGBO DINO-POWER MACHINERY    204
TABLE 196    NINGBO DINO-POWER MACHINERY: BUSINESS OVERVIEW    204
TABLE 197    NINGBO DINO-POWER MACHINERY:
PRODUCT/SOLUTION/SERVICE OFFERED    204
10.1.14    W.I.T. S.R.L.    207
TABLE 198    W.I.T. S.R.L.: BUSINESS OVERVIEW    207
TABLE 199    W.I.T. S.R.L.: PRODUCT/SOLUTION/SERVICE OFFERED    207
(Business Overview, Product/Solution/Service Offered, Recent Developments, Winning Imperatives, and MnM View might not be captured in case of unlisted companies.
11    APPENDIX    208
11.1    DISCUSSION GUIDE    208
11.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    210
11.3    AVAILABLE CUSTOMIZATIONS    212
11.4    RELATED REPORTS    212
11.5    AUTHOR DETAILS    213"