
Report ID: UCMIG20I2153
Report ID:
UCMIG20I2153 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global powder coating equipment market was valued at approximately USD 2,929.9 million in 2022, marking a significant milestone in its growth trajectory. Forecasts suggest that this market is poised to experience a steady expansion at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. The escalating demand for powder coating equipment can be attributed to its numerous advantages, including enhanced durability, cost-effectiveness, and eco-friendliness compared to traditional liquid coatings. Moreover, the growing adoption of powder coating techniques across various industries, such as automotive, aerospace, and consumer goods, is expected to further drive the market's growth during the forecast period. Overall, the positive growth projections for the powder coating equipment market highlight its promising future prospects and its role in meeting the evolving coating needs of different sectors
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20I2153