Wilmington, Delaware, United States, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Metal cleaning equipment manufacturers are focusing on simplifying the product usage and equipping new automation features in their offerings in a bid to capture substantial profits. Rise in manufacturing sector in several industrialized nations has spurred demand for metal cleaning machines for industrial work. The value of the metal cleaning equipment market was pegged at US$ 930.8 Mn in 2021.
Key players are leaning on commercializing innovative metal cleaning processes to gain metal cleaning equipment market share during 2022–2031. Rise of the manufacturing sector in less developed nations has opened up promising avenues for firms in the metal cleaning equipment market.
Of the various chemical types, the study found that solvent metal cleaning has gained popularity. Its demand, however, is likely to be tepid in the long-term. Equipment manufacturers are leaning on meeting the customized needs, which will expand metal cleaning equipment market growth prospect.
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Key Findings of Metal Cleaning Equipment Market Study
- Emerging Special Cleaning & Maintenance Requirements to Unlock New Revenue Streams: Changing client needs, underpinned by diversification of manufacturing sector, has led to need for off-site cleaning solutions in metal cleaning equipment market. This has paved the way for promising opportunities in customized cleaning solutions, which players are increasingly tapping into. In developing economies, the focus on manufacturing process efficiencies has intensified, which has positively influenced demand in the metal cleaning equipment market.
- Demand for Semi-Automatic and Automatic Cleaning Equipment to Generate Massive Opportunities: Rise in demand for automatic equipment will generate substantial revenue streams in the metal cleaning equipment market, mainly due to need for remarkable operational efficiency. Of note, semi-automatic equipment has gained widespread traction among end-use industries in metal cleaning equipment market. Meanwhile, demand for fully automatic equipment is projected to rise markedly in the near future, expanding the frontiers for market players.
Metal Cleaning Equipment Market: Key Drivers
- Businesses in the manufacturing sector are geared toward regular cleaning and maintenance activities to ensure that their machines work in optimal conditions. Rise in manufacturing sector worldwide thus is a key driver of the metal cleaning equipment market.
- In industrialized nations, the increasing trend setting up of factories and manufacturing units has opened up a vast lucrative avenue for firms in metal cleaning equipment market. Emphasis on the safety norms in industrial sector has also enriched the growth prospects.
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Metal Cleaning Equipment Market: Regional Growth Dynamics
- Asia Pacific is anticipated to hold a major share of the global metal cleaning equipment market growth during the forecast period. A constantly evolving manufacturing sector will generate new growth opportunities in the regional market. A bulk of the demand has come from China, which will continue to be a key revenue generator in the near future. India is also expected to be a promising country market.
- North America and Europe have been lucrative markets. However, in coming years, the growth will be only moderate due to the product demands maturing.
Competition Landscape and Key Players
Mergers & acquisitions and product portfolio expansion are some of the key competitive strategies implemented by leaders in the metal cleaning equipment market. Most players are keen on committing sizable funds for R&D to develop innovative products.
Some of the key players are Rippert Anlagentechnik GmbH & Co. KG, Pero Corporation, Rösler Oberflächentechnik GmbH, Metalas Cleaning Systems, Metalwash Limited, MecWash Systems Ltd., Karl Roll GmbH & Co. KG, SBS Ecoclean Group, and Cemastir Lavametalli srl.
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Metal Cleaning Equipment Market Segmentation
- Operational Mode
- Manual
- Semi-automatic
- Fully-automatic
- Chemical Type
- Solvent
- Aqueous
- Technology
- Open Tank Single Stage
- Open Tank Multi Stage
- Tunnel Metal
- Cabin Metal
- Washing Type
- Pickling/Immersion Cleaning Equipment
- Spray Metal Cleaning Equipment
- Vapor Phase Metal Cleaning Equipment
- Application
- Automotive & Aerospace
- General Manufacturing
- Other (Pharmaceutical, Medical, and Others)
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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