Dublin, Feb. 21, 2019 (GLOBE NEWSWIRE) -- The "Coating Equipment Market by Type (Liquid Coating, Powder Coating, and Specialty Coating), End-use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Infrastructure), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
In 2017, the coating equipment market size was USD 19.2 billion and is projected to reach USD 27.7 billion by 2023, registering a CAGR of 6.3% between 2018 and 2023.
Coating equipment are used to apply coating on various substrates for functional and aesthetic purposes. The use of coating equipment enables easy, fast, and efficient coating process. It also helps save labor cost.
Advanced coating systems, such as automatic or robotic systems, are witnessing increased demand. Increased usage of such coating systems is witnessed in areas where conventional equipment such as brushes and rollers were used for applying coatings.
Coating equipment can be broadly classified into liquid coating equipment, powder coating equipment, and specialty coating equipment. Globally, the specialty coating equipment market accounted for the largest share of 40.6% in 2017. Liquid coating equipment and powder coating equipment segments accounted for 31.0% and 28.4%, respectively, in 2017. Increasing demand from end users and the need for replacement of aging equipment are the driving factors for the coating equipment market.
However, the availability of low-cost alternatives such as brushes & rollers is expected to restrain the growth of the coating equipment market. New developments in the coating industry and high demand in APAC are the key opportunities in the market for industry players in the coating equipment market.
The coating industry is regulated by various environmental regulations and safety policies. Increasingly stringent regulations are fueling the use of VOC-free coatings. This is driving the demand for powder coatings significantly as they are VOC-free.
Increasing usage of coating equipment in different end-use industries, especially in automotive & transportation, industrial, and aerospace, for fast and durable coating process is driving the coating equipment market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1 Increasing Demand From Growing End-Use Industries
4.1.1.2 Need for Replacement of Existing Coating Systems
4.1.2 Restraints
4.1.2.1 Availability of Low-Cost Alternatives for Some Applications
4.1.3 Opportunities
4.1.3.1 Economic Growth in Emerging Economies
4.1.3.2 Development of New Technology
4.1.4 Challenges
4.1.4.1 Development of Cheaper Equipment for Coatings
4.2 Porter's Five Force Analysis
4.3 Macroeconomic Indicator
4.3.1 Total Vehicle Sales Growth, 2005-2017
4.3.2 Aerospace Industry Trends
5 Coating Equipment Market, By Type
5.1 Introduction
5.2 Liquid Coating Equipment
5.2.1 Availability of Alternatives Such as Brushes and Rollers are Expected to Hamper the Growth of the Liquid Coating Equipment
5.3 Powder Coating Equipment
5.3.1 Better Coating Efficiency and Advantage of Reclamation of Powder Coating are Expected to Boost the Demand for Powder Coating Equipment \Period
5.4 Specialty Coating Equipment
5.4.1 Increasing Demand From End-Use Industries to Drive the Market Demand During the Forecast Period
6 Coating Equipment Market, By End-Use Industry
6.1 Introduction
6.2 Automotive & Transportation
6.2.1 Emerging Trends and New Investment to Drive the Demand for Coating Equipment in Automotive & Transportation Segment
6.3 Aerospace
6.3.1 Technological Innovations and Increasing Penetration of Coatings in the Aircraft Manufacturing to Drive the Demand in This Segment
6.4 Industrial
6.4.1 Increasing Investment and Establishment of New Manufacturing Facilities to Drive the Coating Equipment Market in This Segment
6.5 Building & Infrastructure
6.5.1 Growing Construction Industry to Boost the Demand for Coating Equipment
6.6 Others
7 Coating Equipment Market, By Region
8 Competitive Landscape
8.1 Overview
8.2 Competitive Scenario
8.2.1 Expansions
8.2.2 Agreements/Collaborations
8.2.3 Mergers & Acquisitions
8.2.4 New Product Launches
8.3 Competitive Leadership Mapping, Coating Equipment Market (2018)
8.3.1 Visionary Leaders
8.3.2 Innovators
8.3.3 Dynamic Differentiators
8.3.4 Emerging Companies
9 Company Profiles
9.1 Nordson Corporation
9.2 IHI Corporation
9.3 OC Oerlikon Corporation AG
9.4 Sata GmbH & Co. Kg
9.5 Graco Inc.
9.6 Anest Iwata
9.7 Asahi Sunac Corporation
9.8 J. Wagner GmbH
9.9 Carlisle Companies
9.10 Wiwa Wilhelm Wagner GmbH
9.11 Tritech Industries, Inc.
9.12 Larius
9.13 Titan Tool
9.14 Ningbo Dino-Power Machinery
9.15 Ingersoll-Rand
9.16 W.I.T. S.R.L.
9.17 Han Shin Painting System
9.18 Exel Industries
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