Powder Coating Equipment Market To Register A Stellar Growth...| MENAFN.COM

Monday, 27 March 2023 02:04 GMT

Powder Coating Equipment Market To Register A Stellar Growth Rate Of CAGR Of 5.5% By 2024

(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)

Report highlights:

  • 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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  • rupture disc market
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  • vibratory hammer market

About us:

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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