Global Market Study on Powder Coating Equipment: General Metal Segment Projected to Gain High Market Share During the Forecast Period


Powder Coating Equipment Market
  • Published On : Jan-2017 |
  • Pages : 149 Pages |
  • Format :

Persistence Market Research analyzes the global powder coating equipment market in a new publication titled “Powder Coating Equipment Market: Global Industry Analysis and Forecast, 2016–2024”. This study provides data for 2015 along with a comprehensive market forecast for the period 2016–2024. The main objective of the report is to identify dynamics in the global powder coating equipment market and provide recent updates and insights affecting various segments of the global powder coating equipment market. To provide better understanding of the market, the report presents an analysis of drivers, restraints, and regional trends that influence the current market scenario and future growth potential of the global powder coating equipment market over the forecast period.

Market Segmentation

By Component

  • Guns
    • Corona
    • Tribo
  • Ovens
    • Electric
    • Fuel Fired
  • Powder Coating Booths and Systems
    • Automatic
    • Manual Spray
  • Sieving Systems
  • Others (Accessories and Ancillary)

By End Use Industry

  • General Metal
  • Agricultural and Construction
  • Appliance
  • Automotive
  • Architectural
  • Furniture
  • Others (Pipe, Aerospace, Packaging, etc.)

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Structure

To understand and assess market opportunities and trends, the global powder coating equipment market report is categorically split into different sections based on market segmentation – by component, by end use industry, and by region. The report starts with the market overview and provides market definition and taxonomy along with value chain, region wise pricing analysis, drivers, restraints, and trends governing the global powder coating equipment market. The sections that follow include an analysis of the global powder coating equipment market – by component, by end use, and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the global powder coating equipment market. Each section discusses the qualitative and quantitative aspects of the global powder coating equipment market. To give a brief idea about revenue opportunities from the product type, end use and region/country-wise segments, the report also provides volume (Units) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2016-2024).

The final section of the report covers the global powder coating equipment market structure and a detailed competition landscape with company market share and performance, to provide report audiences with a dashboard view of key players operating in the global powder coating equipment market along with their business strategies. This information is intended to help clients assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research methodology

To calculate the market size, the report considers the weighted average price of powder coating equipment based on components such as guns, ovens, booths and systems, sieving system and others across key geographies. The forecast assesses the total revenue (US$ Mn) as well as volume (Units) of the global powder coating equipment market. To deduce market volume size, consumption of powder coating equipment has been considered. In order to provide an accurate forecast, the report starts by sizing up the current market, which forms the basis of how the global powder coating equipment market is expected to develop in the future. Critical market data including the base number and segment splits has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global powder coating equipment market. The forecast presented in the report evaluates the actual consumption of powder coating equipment and expected consumption in the global powder coating equipment market over the forecast period.

The different segments of the global powder coating equipment market have been analyzed in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global powder coating equipment market. The report also analyzes the global powder coating equipment market based on the absolute dollar opportunity, usually overlooked while estimating the market forecast. However, from a sales perspective, absolute dollar opportunity is essential to identify potential resources in the global powder coating equipment market. Persistence Market Research has also developed a unique market attractiveness index to understand the key market segments in terms of their performance and growth in the global powder coating equipment market. This market attractiveness index would help clients identify real market opportunities in the global powder coating equipment market.

Powder coating equipment consumption to increase 1.6X over the assessment period owing to increasing adoption from end-use industries

The global powder coating equipment market was valued at more than US$ 2,000 Mn in 2015 and is projected to reach a market value of nearly US$ 3,500 Mn by 2024 registering a CAGR of 5.5% during the forecast period. The market is expected to sustain the value growth till 2022, after which the market is expected to expand at a relatively slow rate. The global powder coating equipment market is anticipated to create lucrative opportunities for equipment manufacturers and service providers during the forecast period, recording an incremental opportunity of nearly US$ 1,500 Mn from 2016 - 2024. The market is expected to witness extremely high competition from other surface treatment technologies; however with stringent regulations and escalating end-use industry adoption, sales of powder coating equipment are expected to witness sustainable growth.

Global Powder Coating Equipment Market Analysis, By Application

General Metal segment to gain high market share during the forecast period

General Metal segment is expected to gain a high market share of 460 BPS to account for a dominant share of 33.5% by 2024 end. The Automotive segment is expected to account for a market share of 15.2% by 2024 end. The thriving market for automotive components is expected to boost sales of powder coating equipment during the forecast period with Asia Pacific spearheading the demand for guns and booths in the next eight years.

Agricultural and Construction machinery, Architectural, and Furniture segments are expected to witness similar Y-o-Y growth during the forecast period. However, the Furniture segment is expected to witness significant growth post 2020 owing to increasing adoption of MDF for mainstream application. Agricultural and Construction segment is expected to witness moderate growth throughout the forecast period; however with a recuperating global economy and sector growth, the increase in machinery production is expected to boost the value and volume sales.

General Metal

  • General metal segment was estimated to be valued at nearly US$ 700 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 500 Mn between 2016 and 2024
  • The segment is slated to be valued at nearly US$ 1,200 Mn by 2024, registering a CAGR of 6.6% over 2016 - 2024

Agricultural and Construction

  • Agricultural and Construction segment was estimated to be valued at nearly US$ 300 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 100 Mn between 2016 and 2024
  • The segment is slated to be valued at nearly US$ 400 Mn by 2024, exhibiting a CAGR of 4.3% over 2016 - 2024

Appliance

  • Appliances segment was estimated to be valued at nearly US$ 300 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 150 Mn between 2016 and 2024
  • The segment is slated to be valued at nearly US$ 450 Mn by 2024, registering a CAGR of 5.0% over 2016–2024

Automotive

  • Automotive segment was estimated to be valued at more than US$ 300 Mn by 2016 end and is projected to represent incremental dollar opportunity of nearly US$ 200 Mn between 2016 and 2024
  • The segment is slated to be valued at nearly US$ 500 Mn by 2024, exhibiting a CAGR of 6.2% over 2016–2024

Global Powder Coating Equipment Market BPS Analysis and Y-o-Y Growth, by Application

General Metal and Automotive segments are expected to be relatively lucrative and sustainable markets for suppliers and manufacturers

General Metal, Automotive, and Others segments represent an attractiveness index of 2.7, 1.2, and 1.0 respectively, indicating strong revenue opportunities and high value growth. However, the General Metal segment is anticipated to expand at a higher growth rate than the other segments. Also, with the proliferating demand for automotive components, the Automotive segment is projected to witness high value growth opportunity during the forecast period. The Appliance segment is expected to record a moderate growth rate with key revenue contribution from Asian economies such as China, Japan, India, and ASEAN. For Furniture, Architectural, Agricultural, and Construction segments, the increasing presence of emission regulations in markets such as North America and Europe have aided the shift towards powder coating. Also, with increasing significance of emission laws in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa, the market is expected to gain traction during 2020 and 2024.

powder coating equipmentm market

Analyst Viewpoint

With an early adoption of powder coating for numerous applications such as furniture, general metal and automotive sectors, demand for powder coating equipment is anticipated to expand significantly. As powder coating is emerging as a safer alternative to liquid spray, which emits harmful emission and VOC, this makes it an even more attractive market. With the market embracing the paradigm shift to nature-friendly powder technologies, the global powder coating equipment market is likely to grow consistently during the forecast period. The market expansion of the global powder coating equipment market is somewhat restrained by high prices. Powder coating equipment is highly priced with most of the manufacturers based across Europe and North America. The market growth is comparatively slow in the MEA and Latin America markets.

Company Profiles

  • Nordson Corporation.
  • Gema Switzerland GmbH
  • Sames Technolgies
  • J. Wagner GmbH
  • Parker Ionics
  • MS Oberflächentechnik AG
  • Asahi Sunac Corporation
  • Koryo Coating Machine Industrial Co. Ltd.
  • Mitsuba Systems (India) Pvt. Ltd.
  • Hangzhou Color Powder Coating Equipment Co., Ltd
  • Others
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