Global Coat Equipment Market Size to worth USD 32.15 Billion by 2033: Market Statistics Report

Global Coat Equipment Market Size to worth USD 32.15 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Coat Equipment Market Size is Expected to Grow from USD 18.65 Billion in 2023 to USD 32.15 Billion by 2033, at a CAGR of 5.60% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Coat Equipment Market Size, Share, and COVID-19 Impact Analysis, By Coating Type (Powder Coating Equipment, Liquid Coating Equipment, and Specialty Coating Equipment), By End-User (Automotive, Medical, Aerospace, Building & Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

Coat equipment refers to the equipment used for the application of coating on a substrate. They are used for various purposes including corrosion protection or to improve the appearance of a product. The development of new technologies in coating equipment that help in achieving faster coating processes and long-lasting coatings as well as minimizing air drag and eliminating debris build are augmenting the market growth opportunity for coat equipment. The growing electric vehicle market is significantly driving the need for coatings and coated electronic devices, thereby driving the market demand for coat equipment. Further, technological advancements, automation, eco-friendly solutions, and growing demand in industries such as automotive, aerospace, and healthcare escalating the market. On the contrary, the availability of cost-effective alternatives over coat equipment including brushes and rollers is hindering the market growth.

The powder coating equipment segment is expected to dominate the market through the forecast period.

Based on the coating type, the coat equipment market is classified into powder coating equipment, liquid coating equipment, and specialty coating equipment. Among these, the powder coating equipment segment is expected to dominate the market through the forecast period. The powder coating equipment is used to create and apply powder coatings which is a dry powdered material on the surfaces to provide a decorative and protective layer. The rising infrastructure development, and expanding automotive sector are driving the market demand for powder coating equipment.

The automotive segment is expected to grow at the fastest CAGR through the forecast period.

Based on the end-user, the coat equipment market is classified into automotive, medical, aerospace, building & construction, and others. Among these, the automotive segment is expected to grow at the fastest CAGR through the forecast period. One of the major consumers of surface equipment is electric automobiles. Electric vehicle (EV) platforms and their parts are vitally protected from rust and other types of damage by coatings. The increasing demand for customized coating in the automotive industry is driving the market.

Asia Pacific is estimated to hold the largest share of the coat equipment market over the forecast period.

Asia Pacific is estimated to hold the largest share of the coat equipment market over the forecast period. The increasing need for building & infrastructure, in industrial, and automotive industries is driving the regional market demand for coat equipment. Further, factors including rapid population increase, industrialization, and the need for more effective coatings are expected to drive the market growth.

North America is predicted to grow at the highest CAGR in the coat equipment market over the forecast period. The market growth in the North American region is attributed to the presence of key market players, growing purchasing power, and economic growth contributing to driving the market. Further, the technological advancements and government investment in industrial development are propelling the market growth.

Competitive Analysis

Major key players in the global coat equipment market include Anest Iwata Corporation, Axalta Coating Systems Ltd., Carlisle Companies, CVD Equipment Corporation, Graco Inc., IHI Corporation, J. Wagner GmbH, Miba AG, Nordson Corporation, OC Oerlikon Management AG, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2023, Revolutionary software co-developed by AkzoNobel’s Powder Coatings business and coatingAI is using artificial intelligence to help customers improve the application process and reduce their carbon footprint.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the coat equipment market based on the below-mentioned segments:

Global Coat Equipment Market, By Coating Type  

• Powder Coating Equipment
• Liquid Coating Equipment
• Specialty Coating Equipment

Global Coat Equipment Market, By End-User

• Automotive
• Medical
• Aerospace
• Building & Construction
• Others

Global Coat Equipment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa