The Coating Equipment market size is estimated to be USD 18.9 Billion in 2021 and is projected to reach USD 24.7 Billion by 2026, at a CAGR of 5.6%. Coating equipment is defined as the equipment used for the application of coating on a substrate. Based on the type of coating, coating can be classified as liquid, powder, and specialty coating. These coatings are applied so as to protect them from rusting, degradation and corrosion which increases their effective life without any maintenance and replacement costs. Some of the important end-use industry are automotive & transportation, aerospace, industrial and building & construction. Similarly, the equipment used for applying the different type of coatings is broadly categorized as liquid coating equipment, powder coating equipment, and specialty coating equipment.
Specialty coating equipment accounted for the largest share in 2020
In 2020, the specialty coating equipment segment accounted for the largest share of the overall coating equipment market. The growing specialty coating market is driving the demand for coating equipment. Oerlikon and IHI group are the leading players in the specialty coating equipment market.
Industrial end-use industry accounted for the largest share in 2020
Coating equipment are used in the application of coatings of machines, tools, and equipment used in the Industrial end-user industry. In the power generation industry, oil & gas industry, and consumer appliances industry. Rapid industrialization and development of new manufacturing facilities are expected to increase the demand for coating equipment, globally. PVD and CVD coatings are preferred for coating metal components and moving parts.
APAC is projected to account for the largest share of the Coating Equipment market during the forecast period
APAC is estimated to be the largest market for Coating Equipment and is projected to reach USD 8,474.9 Million by 2026. The market in the region is primarily driven by the rising demand for building and infrastructure, industrial and automotive industry.
The demand for coating equipment is mainly catered to by global players manufacturing coating equipment for various end-use industries. IHI Corporation (Japan), Nordson Corporation (U.S.), OC Oerlikon Management AG (Switzerland), SATA GmbH & Co. KG (Germany), Graco Inc. (U.S.), ANEST IWATA Corporation (Japan), ASAHI Sunac Corporation (Japan), and WIWA Wilhelm Wagner GmbH (Germany), are the key players operating in the coating equipment market.
- By Company Type: Tier 1: 30%, Tier 2: 50%, and Tier 3: 20%
- By Designation: C-level Executives: 40%, Directors: 20%, and Others: 40%
- By Region: North America: 40%, Europe: 30%, Asia Pacific: 10%, ROW: 20%
The market study covers the coating equipment market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on form, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position coating equipment market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall coating equipment market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.