Powder Coating Equipment Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Ovens & Booths, Guns, and Others); End-User (Industrial OEM and Job Coaters); and Region and Country
The global powder coating equipment market is likely to showcase a growth of around 4% during the forecast period. Powder coating is one of the fastest-growing sub-segment in the overall industrial coating segment. Increasing preference for powder coating over conventional liquid paint owing to its superior quality, durable finish, allowing for maximized production, improved efficiencies, and simplified environmental compliance, are some of the prime reasons behind the success of the powder coating process. Companies are increasingly specifying powder coatings which in turn fueling the market growth for powder coating equipment. Since, to apply powder over the substrate, a spraying gun is a basic necessity followed by an oven & booth to provide heat to the substrate. Further, the increasing market for powder coating in emerging nations and limited initial capital requirement results in the entrance of a large number of powder coating service providers, which eventually boosts the market for powder coating equipment.
Insights Presented in the Report
“Amongst type, ovens & booths held a prominent share in the market in 2020”
Based on type, the market is categorized into ovens & booths, guns, and others. Among these, ovens & booths accounted for a significant portion of the pie. This can be attributed to the high cost of ovens & booths and the growing powder coating market. Moreover, the demand for guns is witnessing significant growth owing to the increasing number of powder coating service providers and high replacement cycle compared to equipment like ovens & booths.
“Amongst end-user, job coaters accounted for a significant share in 2020”
Based on end-user, the market is bifurcated into industrial OEM and job coaters. Among these, job coaters account for a significant share of the market owing to a large base of small-scale job coaters in the market which offer highly specialized powder coating services at a reasonable rate. Further, large players outsource powder coating services from job coaters which is further fueling job coaters’ market size.
“Asia-Pacific is expected to retain its position during the forecast period”
For a better understanding of the market adoption of Powder Coating Equipment, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific held a significant share of the powder coating equipment market and is expected to retain its position during the forecast period. This can be attributed to the presence of a large number of small-scale job coaters in countries like China and India. Further, a large base of industrial OEMs in China, Japan, South Korea, and India are aiding in the market growth. Increasing preference for powder coating over conventional liquid paint in response to rising demand for high-quality products is increasing the market for the overall powder coating industry including equipment.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
The global powder coating equipment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
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|1.1. Market Definitions
|1.2. Main Objective
|2.1. Research Process of the Powder Coating Equipment Market
|2.2. Research Methodology of the Powder Coating Equipment Market
|2.3. Respondent Profile
|3. MARKET SYNOPSIS
|4. EXECUTIVE SUMMARY
|5. IMPACT OF COVID-19 ON THE POWDER COATING EQUIPMENT MARKET
|6. POWDER COATING EQUIPMENT MARKET REVENUE (USD MN), 2020-2028F
|7.1. Ovens & Booths
|8.1. Industrial OEM
|8.2. Job Coaters
|9.1. North America
|9.1.1. The United States
|9.1.3. Rest of North America
|9.2.2. The United Kingdom
|9.2.6. Rest of Europe
|9.3.4. Rest of Asia-Pacific
|9.4. Rest of World
|10.1. Market Drivers
|10.2. Market Challenges
|10.3. Impact Analysis
|11. POWDER COATING EQUIPMENT MARKET OPPORTUNITIES
|12. POWDER COATING EQUIPMENT MARKET TRENDS
|13.1. Demand Side Analysis
|13.2. Supply Side Analysis
|14. VALUE CHAIN ANALYSIS
|15.1. Competitive Landscape
|15.1.1. Porters Fiver Forces Analysis
|16.1. Nordson Corporation
|16.2. Gema Switzerland GmbH
|16.3. Wagner GmbH
|16.4. ANEST IWATA Corporation
|16.5. Carlisle Companies Inc.
|16.6. Hangzhou Color Powder Coating Equipment Co. Ltd.
|16.7. Mitsuba Systems (India) LLP
|16.8. Statfield Equipments Pvt. Ltd.
|16.10. Red Line Industries Ltd.
Research Methodology for Global Powder Coating Equipment Market Analysis (2020-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of powder coating equipment, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the powder coating equipment industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of powder coating equipment through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the powder coating equipment market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and end-user. Further regional and country-level analyses were conducted to evaluate the overall adoption of powder coating equipment globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of powder coating equipment. Further, we conducted factor analysis using dependent and independent variables such as the growing end-use industry and increasing preference for powder coating over conventional paints. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the powder coating equipment industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Powder Coating Equipment market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Powder Coating Equipment across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the powder coating equipment market. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global powder coating equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and end-user.
The main objective of the powder coating equipment market study
The current & future market trends of global powder coating equipment were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Powder Coating Equipment in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segment in the study include the area of the type and end-user
- Defined analysis of the regulatory framework for the powder coating equipment industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of powder coating equipment for the major countries
- Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), and Rest of World
- Company profiles of the powder coating equipment market players and the growth strategies adopted by them to sustain in the growing market
Deep dive country-level analysis of the industry