Coating Equipment Market By Type (Powder Coating Equipment, Liquid Coating Equipment, and Specialty Coating Equipment), Industry Vertical (Aerospace, Automotive and Transportation, Industrial, Building and Infrastructure, and Others), and Geography: Global Market Size Estimates and Forecast (2022-2030)

The market crossed US$ 20.1 billion mark in 2022 and is expected to hit US$ 28.7 billion by 2030, recording a CAGR of 4.6% during the forecast period.

Coating Equipment Market has been significantly growing with the increasing demand from growing Electric Vehicle market.

Electric vehicles are one of the significant clients of coating equipment. Coatings play a very important aspect in the protection of the substrates of electric vehicles and their components from rust and damage. It additionally plays an important role in imparting aesthetic characteristics to electric vehicles. The growing consumption of coatings and coated electronic devices used in electric vehicles is one of the major reasons for driving the demand for coating equipment.

Moreover, governments also promote electric vehicles by providing incentives for setting up charging stations, subsidies on purchases,  and providing funds for the development of electric battery technology because of the increasing climate change concerns. The policies are playing a major part in the development of electric mobility. Government bodies are establishing targets for the adoption of electric vehicles and charging stations. In addition, the development of key technologies regarding the electric vehicle is also enabling substantial cost reduction. This is surging the growth of the electric vehicles industry and, subsequently, fueling the demand for the coating equipment market.

Within the report, the market is segmented by type, industrial verticals and geography. By type, the market is further segmented into Powder Coating Equipment, Liquid Coating Equipment, and Specialty Coating Equipment. Based on industry vertical, the market is segmented into Aerospace, Automotive and Transportation, Industrial, Building and Infrastructure, and Others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South & Central America. 

Development of new technology

Regular innovation and developments in coating processes and coating equipment are surging the demand for the coating equipment market in different applications. There is a need for customized coating equipment in end-use industries such as aerospace, automotive & transportation, and other end use sectos. Manufacturers of coating equipment are continuously involved in research and development and developing advanced equipment to meet the customers’ requirements.

New technological developments in the market are helping achieve long-lasting coatings and faster coating processes. The development of new types of guns has helped drive the powder coating equipment market. Some of the coating manufacturers has developed a coating that can reduce the air drag and eliminate debris build-up. The development of such new technologies offers opportunities for market players to expand their market in new applications.

The rapid adoption of coating equipment in the industrial sector impacts the growth of the coating equipment market.

Coating equipment is used in the application of coatings of tools, equipment, and machines that are used in the Industrial end-user industry. In the oil & gas industry, consumer appliances industry, and power generation industry. Growing industrialization and development of new manufacturing facilities are expected to grow the demand for coating equipment, globally. CVD and PVD coatings are preferred for coating metal components and moving parts.

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Recent strategic developments in the coating equipment market

The  Coating equipment market has undergone several significant developments, and a few of these have been mentioned below:

• In Feb 2020, Dow Inc. company announced the expansion of Canada based ethylene production facility by 130 kilotons
• In 2020, Tosoh Corporation company launched the full-scale operation of its new main research building located in Shuan city, China.
• In 2020, Ineos Group acquired 100% shares in its joint venture "Gemini HDPE" with Sasol Chemicals. The company produces high high-density polyethylene in LA Porte, Texas.

The Coating equipment  market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ANEST IWATA Corporation, Asahi Sunac Corporation, Carlisle Companies Inc, Graco Inc., J. Wagner GmbH, Larius (SAMOA Group), Nordson Corporation, SATA GmbH & Co. KG, Tritech Industries, Inc., WIWA Wilhelm Wagner GmbH & Co. KG are among the prominent players operating in the global market.

The target audience for the report:

• Coating equipment providers
• Coating equipment -related service providers
• Coating equipment manufacturers
• Coating equipment -related organizations and alliances
• Venture capitalists, private equity firms, and start-up companies
• Coating equipment component suppliers
• Coating equipment distributors and sales firms
• End users of digital printers

Scope of the report:

In this report, the market has been segmented based on:

• By coating type:

• • Powder coating equipment
  • Liquid coating equipment
  • Specialty coating equipment

• By end user industry

• Automotive & Transportation
• Aerospace
• Industrial
• Building & Infrastructure
• Others

• Region

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa
• South America

• Companies profiled
  • ANEST IWATA Corporation
  • Asahi Sunac Corporation
  • Carlisle Companies Inc.
  • Graco Inc.
  • J. Wagner GmbH
  • Larius (SAMOA Group)
  • Nordson Corporation
  • SATA GmbH & Co. KG
  • Tritech Industries, Inc.
  • WIWA Wilhelm Wagner GmbH & Co. KG