Coating Equipment Market Size, Share | Report 2022-2030
The global coating equipment market was valued at USD 16.8 billion in 2021 and it is predicted to surpass around USD 26.09 billion by 2030 with a CAGR of 5.01% from 2022 to 2030.
Report Highlights
The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application. COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact industry growth during the forecast period. COVID-19 has impacted consumer behavior, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments.
Growing demand for coating equipment from various applications such as automotive, aerospace, construction, and industries is anticipated to provide positive scope for market growth over the forecast period. Rapid industrialization across the Asia Pacific is expected to further drive the product demand. Low fuel costs and comparatively cheap airfares are attracting new fliers and increasing flying frequency which in turn is driving the aerospace industry. Increasing research and development in the aviation and aerospace sector is further expected to drive the utilization of coating equipment.
Powder-based coatings are expected to witness growth due to their utilization in the automotive sector for body parts of the vehicle such as wheel rims and windshield. Moreover, powder-based coatings are environment friendly as these contain no solvents and hence no volatile organic compounds, which is expected to drive the market for coating equipment. The key players across the industry are involved with manufacturing a completely automated system as well as components such as hand sprays and trolleys to meet consumer demand. Mergers and acquisitions supported the companies to improve their technical expertise and enabled them to offer enhanced products to the consumers.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 16.8 billion |
| Revenue Forecast by 2030 | USD 26.09 billion |
| Growth rate from 2022 to 2030 | CAGR of 5.01% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Product, application, region |
| Companies Covered |
Nordson Corporation; Gema Switzerland GmbH; J. Wagner GmbH; ANEST IWATA Corporation; Carlise Companies Inc; IHI Ionbond AG; Statfield; SAMES KREMLIN; The Eastwood Company; Graco Inc; RED LINE INDUSTRIES LIMITED; Pittsburgh Spray; Reliant Finishing Systems; ANEST IWATA USA, Inc.; IHI HAUZE B.V. |
Application Insights
The automotive application segment is expected to witness a CAGR of 6.6% over the forecast period. Penetration of equipment in the automotive application is expected to be high over the forecast period due to the increasing utilization of technologies like vacuum deposition coating, and physical vapor deposition to obtain thin film coatings across the industry. Increasing demand for coated electronic devices and focus on the protection of car exteriors is expected to drive the product demand over the coming years. Automated equipment is considered to lower the amount of wastage during automotive production which is likely to provide a positive scope for market growth.
Growing purchasing power, high living standards, and rapid urbanization are expected to drive the construction sector worldwide. This is likely to develop new opportunities for the coating equipment industry over the coming years. Powder coatings are being increasingly used in aluminum extrusions of windows, bathrooms, and electrical fixtures, thereby fueling the demand. Other applications including agriculture and oil and gas industries are expected to witness considerable growth of 5.22% over the forecast period due to increasing consumption of food and energy. The oil and gas industry utilizes the product to coat the drilling equipment which is anticipated to provide a positive scope for market growth.
Product Insights
The powder coating segment led market growth and accounted for a revenue share of 47.7% in 2021 due to its ability to effectively coat products with properties such as de-icing, abrasion, corrosion, and heat resistance which is anticipated to provide positive scope for the industry. The wastage in powder coating is comparatively less which is expected to further drive the segment. The cost of liquid coating is less compared to other products which are anticipated to provide a positive scope for market growth over the forecast period. It is anticipated to witness demand from the construction sector due to its high utilization in the painting application.
The specialty coating equipment product segment is expected to witness a CAGR of 5.2% from 2022 to 2030 owing to the increasing utilization of technologies such as physical vapor deposition and chemical vapor deposition across various industries is likely to augment the growth. The ability of specialty equipment to coat various products including wood, metal, and flooring is expected to propel market growth. In addition, the product is expected to substitute powder coating equipment on account of its capability to operate on metals.
Regional Insights
Asia Pacific led the coating equipment market and accounted for a revenue share of 45.41% in 2021 owing to the growing construction sector, industrial development, high population growth, increase in demand for automobiles, and growing demand for coatings with better efficiency in this region is anticipated to be the key factor for product demand over the forecast period. Efficiency improvements in existing buildings and renovations in the Europe region have the highest potential to stimulate demand for coatings. Moreover, the planning of various PPP projects in the region for the construction of roads, hospitals, schools, and airports is expected to boost the product demand over the forecast period.
In North America, the U.S. dominated the market and accounted for a revenue share of 57.67% in 2021. Increased industrial budget by the U.S. government to create more jobs is expected to drive the manufacturing sector across the region thereby providing positive scope for growth over the forecast period. Significant new investment in housing and public works is expected to improve infrastructure growth in Colombia and will augment demand over the coming years. Bogota Urban Renewal project consists of 50 skyscrapers, 500 high rises, and a subway system which is expected to provide positive scope for market growth over the forecast period.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Coating Equipment Market
5.1. COVID-19 Landscape: Coating Equipment Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Coating Equipment Market, By Application
8.1. Coating Equipment Market, by Application, 2022-2030
8.1.1. Liquid Coating Equipment
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Powder Coating Equipment
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Specialty Coating Equipment
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Coating Equipment Market, By Product
9.1. Coating Equipment Market, by Product, 2022-2030
9.1.1. Automotive
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Aerospace
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Construction
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Industrial
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Coating Equipment Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Application (2017-2030)
10.1.2. Market Revenue and Forecast, by Product (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Application (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Product (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Product (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.2. Market Revenue and Forecast, by Product (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Product (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Product (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Product (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Product (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.2. Market Revenue and Forecast, by Product (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Product (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Product (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Product (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Product (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.2. Market Revenue and Forecast, by Product (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Product (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Product (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Product (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Product (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.5.2. Market Revenue and Forecast, by Product (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Application (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Product (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Product (2017-2030)
Chapter 11. Company Profiles
11.1. Nordson Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Gema Switzerland GmbH
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. J. Wagner GmbH
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. ANEST IWATA Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Carlise Companies Inc
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. IHI Ionbond AG
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Statfield
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. SAMES KREMLIN
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. The Eastwood Company
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Graco Inc
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers