powder coating equipment market is expected to grow at a CAGR of around 4% from 2022 to 2028.
According to a new report published by UnivDatos Markets Insights, the powder coating equipment market is expected to grow at a CAGR of around 4% from 2022 to 2028. The analysis is divided into types (ovens and booths, guns, etc.). End Users (Industrial OEMs and Job Coaters); Region/Country.
Click here to view report description and TOC - https://univdatos.com/report/powder-coating-equipment-market/
The Powder Coating Equipment Market report has been compiled by gathering informative data on various dynamics such as market drivers, constraints and opportunities. This groundbreaking report utilizes several analyses, to provide a more in-depth look at the market. The Powder Coating Equipment Market report offers an in-depth analysis of the latest industry developments and market trending factors that are influencing the growth of the market. Moreover, this statistical market research repository studies and estimates the Powder Coating Equipment market on a global and regional level.
Market overview
Powder coating is one of the fastest growing sub-segments of the overall industrial coatings segment. Some of the main reasons for the success of the powder coating process are that powder coating is preferred over traditional liquid paints due to its superior quality and durable finish. Companies are increasingly specifying powder coating, which is driving the market growth of powder coating equipment. To apply the powder onto the substrate, you basically need a spray gun, followed by an oven and a booth to apply heat to the substrate. In addition, the growing powder coating market in emerging countries and limited initial capital requirements have led to a large number of powder coating service providers entering the market,
Request a sample page - https://univdatos.com/get-a-free-sample-form-php/?product_id=28467
Impact of COVID-19
The recent covid-19 pandemic has disrupted the world and shocked the global economy. The global pandemic has adversely affected industrial operations, which are heavily dependent on industrial performance, thus impacting the demand for powder coating equipment.
The Global Powder Coating Equipment Market report has been thoroughly studied on several aspects which help the stakeholders to make a more selective decision.
· Based on type, the market is segmented into Ovens & Booths, Guns, and Others. Among these, the ovens and booths market accounted for a large share of the market as this equipment is one of the largest contributors to capital expenditures for installing powder coating plants. Guns also account for a large market share due to the use of multiple guns in a single powder coating plant, increasing the demand for guns as the number of plants increases. The high replacement cycle also contributes to a large market share.
· Based on the end user, the market is divided into industrial OEMs and job coaters. Of both, job coaters hold a prominent share in the market and are likely to grow significantly during the forecast period. Low standard requirements and the ability to offer industry-specific services at a fraction of the cost are some of the key factors in establishing our position in the market. Additionally, to reduce the risk of operational downtime and streamline the entire operational cycle, his large OEMs prefer to outsource their powder coating process to job coaters, which is driving the growth of the market. increase.
See chapter - https://univdatos.com/report/powder-coating-equipment-market/
Geographical segmentation of the powder coating equipment market includes:
・North America (United States, Canada, Rest of North America)
Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
・ Rest of the world
Asia-Pacific accounts for a large share of the powder coating equipment market and is expected to maintain its position during the forecast period. In response to the growing demand for high quality products, the preference for powder coating over traditional liquid coatings has increased, expanding the market for the entire powder coating industry, including equipment. In addition, the presence of a large number of small job coaters in countries such as China and India, providing powder coating services at a fraction of the cost, is driving the growth of the market, thus encouraging companies to I preferred to powder coat the substrate instead of paint. Therefore, as the market for powder coating expands, the market size for powder coating equipment will eventually grow as well.
The major players targeting the market are:
・Nordson
· Gema Switzerland GmbH
Wagner GmbH
・Anest Iwata Co., Ltd.
The Carlyle Companies
· Hangzhou Color Powder Coating Equipment Co., Ltd.
・Mitsuba Systems (India) LLP
· Statfield Equipments Pvt. Ltd.
sharks
・ Red Line Industries Co. , Ltd.
competitive environment
The degree of competition among prominent global companies is elaborated by analyzing some of the major key companies operating around the world. Our dedicated team of research analysts shed light on a variety of features, including global market competition, market shares, the latest industry advancements, innovative product launches, partnerships, mergers, or acquisitions by market players. . Key players have been analyzed using research methodologies to gain insight into global competition.
The key questions to be answered through this analytical market research report are:
• What are the latest trends, new patterns and technological advancements in the powder coating equipment market?
• Which factors are influencing the powder coating equipment market during the forecast period?
• What are the global challenges, threats, and risks in the powder coating equipment market?
• Which factors are driving and restraining the powder coating equipment market?
• What are the most demanding regions of the world for the powder coating equipment market?
• What is the size of the global market in the next few years?
• What are the key go-to-market strategies and policies applied by global companies?
We understand the requirements of different businesses, regions and countries and provide customized reports according to the nature of your business and geographical requirements. Let me know if you need custom.
