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Coating Equipment Market Size to exhibit strong growth due to presence of major aerospace and automotive application

Author : Ronak Bora | Published Date : 2019-05-31 

Global Market Insights, Inc. provides a detailed overview of coating equipment market size with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Coating Equipment Market size is expected to witness a surge in demand owing to increase in end use application in various industries including aerospace, automotive, industrial, transportation, and construction. Rise in automotive sales coupled with growing population, rapid boom of infrastructural industry and upsurging purchasing power of the consumers in emerging economies will boost the demand of coating equipment market growth.

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Heavy machineries used in different industries employs various layering apparatus to provide tool resistance from corrosion, abrasion, rusting and wear & tear, which in turn increase the lifespan of these tools. Rise in industrialization in building and manufacturing industries in developing nations will upsurge coating equipment market. Growing application of heavy machines in manufacturing sector will also augment the market. Increase use of layering in household appliances, automobiles, and bicycle will ensure further product growth.

Coating equipment market is segmented on the basis of applications in various industries which include transportation and automobile, infrastructural and building industries, aerospace and manufacturing. Machine layering is increasing with rise in covering of metals including drum parts, automotive parts, house appliances and other music instruments which will drive the coating equipment market.

North America, led by the U.S. coating equipment market holds the major market share due to presence of high-tech and advanced industries in this region. Lack of time management to service machines has increased the coating equipment market demand to ensure a long-lasting life of these machines. Latin America, headed by Mexico is anticipated to show a significant growth in coating equipment market owing to increase in demand for packaging, industrial and OEMs in the region. Also, rapid growth of coverings in furniture and decoration industry in this region will also support the market growth.

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Europe is expected to observe high demands due to developing consumption of coverings has matured with time. Improved government safety standards on eco-friendly products have increased the consumption of layering in architectural, furniture, marine and automotive sector. The region is dominated by Germany for being the centre of automotive industry due to growing demand of coating equipment market in numerous automobile parts to protect them from abrasion and wear & tear. Some of the well-known product consumers are Chevrolet, Mercedes-Benz, Skoda, and Volkswagen group. Marine industry will also play a vital role in fuelling the market owing to upsurge in demand of coverings on ships and yacht in this region.

Global coating equipment market is consolidated in nature owing to the presence of few key players at domestic as well as international levels. Some of the key player include SATA GmbH, IHI Ionbond Ag, Graco, Anest Iwata, Nordson, and O.C.Oerlikon.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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