Coating Equipment Market: By Product, By Distribution Channel, By Application, and Region, Forecast 2019-2030.
Coating Equipment Market: By Product, By Distribution Channel, By Application, and Region, Forecast 2019-2030.
Coating Equipment Market size was valued at US$ 19,641.8 million in 2023 and is projected to reach a value of US$ 29,146.1 million by 2030, at a CAGR of 5.8% from 2024-2030. The coating equipment market is the industry that produces and sells equipment used to apply coatings to substrates. Coatings are used to protect surfaces from corrosion, rusting, and degradation, and can also be used for decoration.
The key growth drivers of market are increasing industrialization, increasing demand from growing electric vehicle market. However, the key restraints of market are availability of low-cost alternatives, fluctuations in crude oil prices. The emerging opportunities of market are demand for sustainable and environmentally friendly coating solutions, rise in implementation of Augmented Reality (AR) and Virtual Reality (VR) in coating processes. The key trends of market are rising demand for automation, technological advancements in coating equipment.
The leading companies highlighted in the coating equipment market report include such as Nordson Corporation products are Encore XT Manual Powder Coating System ; Gema Switzerland GmbH specializes in powder coating equipment, including manual and automated systems and others are J. Wagner GmbH, ANEST IWATA Corporation, Carlise Companies Inc, IHI Ionbond AG, Statfield, SAMES KREMLIN, The Eastwood Company, Graco Inc, RED LINE INDUSTRIES LIMITED, Pittsburgh Spray, Reliant Finishing Systems. Also, a comprehensive analysis of industry verticals and market participants that provides a clear overview of the competitive landscape in relation to the sectors served by the company’s products and services, market share, service offerings, financial reports, significant developments, market strategy, competitive position, and geographic reach.
• Asia Pacific market is the dominant market in 2023.
• The North American market is expected to expand at highest CAGR from 2024 to 2030.
• Based on product, the powder coating equipment segment dominated the market in 2023.
• Based on distribution channel, the wholesale distributor segment is having highest market share in 2023.
• Based on application, the automotive segment is expected to dominate the light therapy market in coming forecast years.
• In April 2022, Global producer of coatings for medical equipment and a variety of hydrophilic biomaterials, Biocoat, Inc. The company’s latest equipment is dubbed EMERSE. It completes the production and provides an in-house medical device dip coating system.
By Product: Among all the products, due to its capacity to coat products with qualities like de-icing, abrasion, corrosion, and heat resistance, powder coating equipment is predicted to see a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. This is projected to create positive scope for the sector. Powder coating wastage is relatively little, which is anticipated to increase market demand.
By Application: Among all the applications, the automotive segment is leading the market. Throughout the course of the forecast period, equipment penetration in the automotive application is anticipated to be strong due to the industry's growing use of technologies such as vacuum deposition coating and physical vapour deposition to create thin film coatings. Automated machinery is thought to reduce waste during the manufacturing of automobiles, which could favourably impact market expansion.
Study Period
2024-30Base Year
2023CAGR
5.8%Largest Market
Asia PacificFastest Growing Market
North America
The two main forces driving growth are increasing urbanisation and rapid economic development. The rise of the worldwide coating equipment market is also greatly aided by the development of the automotive and heavy industries. Demand is also being created in the market by the requirement for coating in other related industries including aerospace, aviation, medical, and construction, among others. It is anticipated that the coating's usage of cutting-edge technologies will fuel market expansion. Furthermore, the market need is maintained by the ongoing requirement to replace the current coating system with a new one.
The primary challenge to market are changes in the price of crude oil and rising raw material costs. Petroleum extracts are a crucial component of paints and coating materials, and changes in their price have a direct impact on the market for paint spraying equipment. Another significant element impeding expansion is the shortage of competent labour to operate new coating equipment.
The rise in the implementation of Augmented Reality (AR) and Virtual Reality (VR) in coating processes presents a significant opportunity for the market. These technologies are transforming how coating systems are designed, operated, and maintained, leading to enhanced productivity, improved quality control, and optimized processes. AR and VR provide immersive, interactive training environments for operators and technicians to learn coating equipment operation without the need for physical systems. Virtual training programs allow workers to practice complex coating processes, handle spray guns, or operate robotic coaters in a risk-free environment, leading to fewer mistakes when using actual equipment.
The market is experiencing dynamic growth due to advancements in technology, increased demand for high-quality surface finishes, and the need for efficiency in industrial processes. There is a strong shift towards automation in coating processes, especially in industries like automotive, aerospace, and electronics, where precision and repeatability are crucial. Automated coating systems, including robotic arms and spray systems, help increase productivity, reduce labour costs, and improve coating quality.
Asia Pacific region is expected to dominate the coating equipment market, due to driven by rapid urbanization and economic development. China is projected to experience the highest compound annual growth rate (CAGR) during the forecast period, fuelled by increased demand for industrial equipment and consumer goods. Additionally, significant industrial growth in countries like India and Indonesia contributes to this expansion.
North America is expected to grow significantly during the forecast years as with substantial revenue stemming from the aerospace and defence sectors and technological advancements in coating equipment are also anticipated to enhance market growth in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-30 |
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Market Size in 2023 |
US$ 19,641.8 million |
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Market Size in 2030 |
US$ 29,146.1 million |
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Market CAGR |
5.8% |
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By Product |
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By Distribution Channel |
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By Application |
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By Region |
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The coating equipment market is continuously evolving, driven by advancements in technology, changing consumer demands, and increasing environmental regulations. There is a growing demand for environmentally friendly coating materials and processes, developing equipment that minimizes waste, energy consumption, and harmful emissions is crucial. Research and development into new materials and coating technologies can enhance durability, corrosion resistance, and protective features of coatings. By focusing on these areas, manufacturers and developers in the market can better meet the evolving needs of their customers and keep pace with industry trends.
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The global coating equipment market size was value US$ 19,641.8 million in 2023 and is projected to reach value of US$ 29,146.1 million by 2030, at a CAGR of 5.8% from 2024-2030.
• Rising demand for automation
• Technological advancements in coating equipment
The key market players of market are Nordson Corporation, Gema Switzerland GmbH, J. Wagner GmbH, ANEST IWATA Corporation.
Asia Pacific region is expected to dominate the market.
| 1. Executive Summary |
| 2. Global Coating Equipment Market Introduction |
| 2.1.Global Coating Equipment Market - Taxonomy |
| 2.2.Global Coating Equipment Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Distribution Channel |
| 2.2.3.Application |
| 2.2.4.Region |
| 3. Global Coating Equipment Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Coating Equipment Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Coating Equipment Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Powder Coating Equipment |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Liquid Coating Equipment |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Specialty Coating Equipment |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Coating Equipment Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Wholesale Distributor |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Retail Distributor |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Coating Equipment Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Automotive |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Aerospace |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Construction |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Industrial |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Coating Equipment Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Coating Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Powder Coating Equipment |
| 9.1.2.Liquid Coating Equipment |
| 9.1.3.Specialty Coating Equipment |
| 9.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Wholesale Distributor |
| 9.2.2.Retail Distributor |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Automotive |
| 9.3.2.Aerospace |
| 9.3.3.Construction |
| 9.3.4.Industrial |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Coating Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Powder Coating Equipment |
| 10.1.2.Liquid Coating Equipment |
| 10.1.3.Specialty Coating Equipment |
| 10.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Wholesale Distributor |
| 10.2.2.Retail Distributor |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Automotive |
| 10.3.2.Aerospace |
| 10.3.3.Construction |
| 10.3.4.Industrial |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Coating Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Powder Coating Equipment |
| 11.1.2.Liquid Coating Equipment |
| 11.1.3.Specialty Coating Equipment |
| 11.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Wholesale Distributor |
| 11.2.2.Retail Distributor |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Automotive |
| 11.3.2.Aerospace |
| 11.3.3.Construction |
| 11.3.4.Industrial |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Coating Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Powder Coating Equipment |
| 12.1.2.Liquid Coating Equipment |
| 12.1.3.Specialty Coating Equipment |
| 12.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Wholesale Distributor |
| 12.2.2.Retail Distributor |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Automotive |
| 12.3.2.Aerospace |
| 12.3.3.Construction |
| 12.3.4.Industrial |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Coating Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Powder Coating Equipment |
| 13.1.2.Liquid Coating Equipment |
| 13.1.3.Specialty Coating Equipment |
| 13.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Wholesale Distributor |
| 13.2.2.Retail Distributor |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Automotive |
| 13.3.2.Aerospace |
| 13.3.3.Construction |
| 13.3.4.Industrial |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Encore XT Manual Powder Coating System |
| 14.2.2.Gema Switzerland GmbH |
| 14.2.3.J. Wagner GmbH |
| 14.2.4.ANEST IWATA Corporation |
| 14.2.5.Carlise Companies Inc |
| 14.2.6.IHI Ionbond AG |
| 14.2.7.Statfield |
| 14.2.8.SAMES KREMLIN |
| 14.2.9.The Eastwood Company |
| 14.2.10.Graco Inc |
| 14.2.11.RED LINE INDUSTRIES LIMITED |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
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