Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Coating Equipment Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Coating Equipment Market Growth?
The market size of coating equipment has seen substantial expansion in recent years. The market's value is expected to increase from $23.51 billion in 2024 to $24.9 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.9%. The historical growth trend in the Coating Equipment market has been positive.
What Is the Predicted Industry Size and CAGR of the Coating Equipment Market in 2029?
The Coating Equipment market is projected to expand to $34.96 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.9%.
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Which Factors Are Driving Growth in the Coating Equipment Market?
The key Drivers in the coating equipment market are:
• Growth in demand for electric vehicles
• Requirement of coating for preventing rust and damage in electric vehicle components
• Coating's significant impact on the aesthetic appeal of electric vehicles
• Anticipated increase in the sales of electric vehicles in the upcoming years
Which Segment Trends Are Covered in the Coating Equipment Market Forecast?
The coating equipmentmarket covered in this report is segmented –
1) By Coating Type: Powder Coating Equipment, Liquid Coating Equipment, Specialty Coating Equipment
2) By Material Type: Polyester, Polyurethane, Acrylic, PVC, Epoxy, Silicon
3) By Application: Brushed, Dipped Or Sprayed, Diffusion, Laser Processing, Plating, Thermal Spray, Vapor Deposition
4) By End Use Industry: Automotive, Medical, Aerospace, Industrial, Building And Construction, Marine, Electricals And Electronics, Other End Users
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What Are the Current Market Trends in the Coating Equipment Industry?
The key trends in the coating equipment market are:
• Technological advancements like tablet coaters are emerging to enhance efficiency and quality in the coating equipment market.
• There is an increasing emphasis on reducing the environmental impact in the production process.
• Fast processing times and ease of operation are being prioritized in the development of new coating equipment.
• Compliance with industry standards such as cGMP is becoming more critical in the coating equipment market.
Who are the Key Companies in the Coating Equipment Market?
The key players in the coating equipment market are:
• IHI Corporation
• AJA INTERNATIONAL
• ANEST IWATA Corporation
• ASAHI SUNAC CORPORATION
• Axalta Coating Systems
• Blösch AG
• Bühler AG
• Carlisle Companies
• CVD Equipment Corporation
• Exel Industries
• Fujimi Corporation
• Gema USA Inc.
• Graco Inc.
• Guangdong HuiCheng Vacuum Technology Co.Ltd.
• KOLZER SRL
• Miba AG
• Nordson Corporation
• OC Oerlikon Management AG
• Oxford Instruments
• Picosun Oy
• PVD Products Inc.
• SATA GmbH & Co. KG
• Semicore Equipment Inc.
• Singulus Technologies AG
• T-M VACUUM PRODUCTS INC.
• ULVAC Inc.
• Wagner Group
• Carlisle Fluid Technologies
• Bystronic Lenhardt GmbH
• Chemetall India Pvt. Ltd.
• DeVilbiss Automotive Refinishing
• Durr AG
• Ecco Sko A/S
What are the Regional Trends Across the Coating Equipment Market?
Asia-Pacific was the largest region in the coating equipment market in 2024
