(MENAFN- Ameliorate Digital Consultancy)
Persistence Market Research analyzes the global powder coating equipment market over an eight-year period, 2016-2024. According to a recent report outlook titled“Powder Coating Equipment Market: Global Industry Analysis and Forecast, 2016 – 2024,” the US$ 2,127.7 Mn market for powder coating equipment is likely to expand moderately over the forecast period, reaching a value of US$ 3,275.2 Mn by 2024 end.
The global powder coating equipment market was worth more than US$ 2,000 million in 2015, and it is anticipated to grow at a CAGR of 5.5% from 2016 to 2024, when it will be worth close to US$ 3,500 million. After 2022, the market is anticipated to grow at a comparatively sluggish rate. The market is anticipated to maintain value growth until then.
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According to the app, General Metal will continue to lead in terms of consumption, capturing more than 33% revenue share by 2024, a gain of 460 basis points over the forecast period. The automotive industry will continue to be the second largest segment with a market value share of more than 15% in 2024. Others, Appliances, Agriculture and Construction will be the next key application segments; however, the fastest growth will be seen in the metals segment overall.
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On the basis of regional analysis, with a gain of over 250 BPS during the assessment period, APAC will retain the top regional market position. This region will account for nearly 38% share of the total revenues in 2024. China, India, and ASEAN countries will remain the prominent markets within APAC. North America will also be a key market, followed by Europe.
Some of the key players partaking in the market are
Nordson Corporation Gema Switzerland GmbH Sames Technologies Wagner GmbH Nihon Parkerizing Co. Ltd. and MS Oberflächentechnik AG. Asahi Sunac Corporation Koryo Coating Machine Industrial Co. Ltd Mitsuba Systems (India) Pvt. Ltd. and Hangzhou Color Powder Coating Equipment Co., Ltd.
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Regional analysis includes
North America Latin America Europe Asia Pacific & Japan The Middle East and Africa
This report covers a thorough analysis of:
Market segment Market dynamics Market size Supply demand Current Trends/Issues/Challenges Competition and related companies Technology Value chain
Regional analysis includes:
North America (USA, Canada) Latin America (Mexico, Brazil) Western Europe (Germany, Italy, France, UK, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia and New Zealand) Japan Middle East and Africa (GCC countries, South Africa, North Africa)
Detailed overview of the top markets Changing market dynamics of the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments competitive landscape Strategies of major players and products provided Potential and niche segments, areas showing promising growth A neutral view of market performance Essential information for market participants to maintain and strengthen their market footprint
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Expert analysis, actionable insights, and strategic recommendations – the industrial automation team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on IT & Telecommunications of which 100+ reports specific for IT & Telecommunications. The team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the IT & Telecommunications industry.
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