The globalPowder Coating Machinemarketis forecasted to grow at a rate of 7.4% from USD 1.40 billion in 2019 to USD 2.40 billion in 2027. Powdercoating equipmentis expected to see considerable demand as it offers excellent storage performance, improves flexibility, ease of use, and provides high quality. Increasing usage in diverse applications, including automobiles, construction,home appliances, and furniture, will accelerate the growth of the market in the coming years. Rising demand for passenger vehicles and growing numbers of automobile production plants in the Asia Pacific and Latin America are expected to accelerate the growth of the industry. In turn, the growing use of powder coatings in household appliances such as refrigerators, washing machines, dishwashers, microwave ovens, and air conditioners would be mirrored in the ever-increasing population and economic status.
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Key participants includeNordson Corporation, Gema Switzerland GmbH, WAGNER, Parker Ionics, Red Line Industries Limited, Reliant Finishing Systems, Carlisle, Hangzhou Color, and Oven Empire Manufacturing, among others.
The Asia Pacific led the regional economy, contributing 37.21% of the 2019 revenue. This phenomenon is expected to persist in countries like China, Japan, India, and South Korea, leading to the rise of the automobile industry. Also, increasing population, changing lifestyles, and rising disposable income would fuel growth in the industry. Over the projected timeframe, strong investment policies for the construction industry in developing countries such as China, Japan, India, and Indonesia will open up new development avenues.
North America contributed for 17.49% of market share in 2019 and is projected to see steady growth due to new product releases by GM, Cadillac, and Ford Motors along with growth in US automotive manufacturing. The introduction of capacity and the extension of plants by US car firms would boost demand over the projected period.
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Segments covered in the report:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Ovens booths
- Powder coat guns
- Others
Substrate Outlook (Revenue, USD Billion; 2017-2027)
- Metallic
- Non-metallic
Application Outlook (Revenue, USD Billion; 2017-2027)
- Consumer goods
- Architectural
- Automotive
- General industries
- Furniture
- Others
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The globalPowder Coating Machinemarket is segmented into:
- North America(U.S.A., Canada, Mexico)
- Europe(Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific(China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America(Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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Powder Coating Machine
