Coating Equipment Market

Coating Equipment Market by Type (Liquid Coating, Powder Coating, and Specialty Coating), End-use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Infrastructure), and Region - Global Forecast to 2023

Report Code: CH 4994 Jan, 2019, by marketsandmarkets.com

[137 Pages Report] The market size for coating equipment is projected to grow from USD 20.4 billion in 2018 to more than 27.7 billion by 2023, at a CAGR of 6.3%. Increasing demand from end-use industries and the need for replacement of existing coating systems are the driving factor for the coating equipment market.

Coating Equipment Market

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Market Dynamics

Driver

Increasing demand from growing end-use industries

The growth of the end-use industries, especially automotive, aerospace, and general industries, is increasing the demand for coating equipment, globally. Establishment of new manufacturing facilities and emergence of newer applications of coatings are the factors which are driving the demand for coating equipment.

The automotive coating industry has evolved simultaneously with the automotive industry. The coating equipment market is majorly influenced by trends in automotive sales, buyer’s preferences, lifestyle, and economic conditions. Coatings play an important role in the protection of the substrates of vehicles and its components from rust and other damages. It also plays a significant role in imparting aesthetic characteristics to vehicles. Moreover, the trend of lightweighting of vehicles to improve fuel efficiency has also increased the usage of coatings in this industry.

Coatings are used in the aerospace industry to protect and enhance the performance of aircraft and its components in harsh environments. These coatings protect the substrates from damages such as corrosion and abrasion. Newer coatings are being developed, which finds newer applications in the aerospace industry. In general industries, coating equipment are widely used for coating industrial tools, machines, pipelines, and other equipment.

Restraint

Availability of low-cost alternatives for some applications

The use of advanced coating equipment in all applications is not affordable. Cost of equipment is an important factor while considering the choice of coating materials and the process for application. For applications involving less rigid specifications and low volumes, the use of high-end coating equipment may not be an economical option. Conventional equipment such as brushes and rollers are cheaper and are preferred in some applications over other equipment. Hence, the availability of low-cost alternatives is restraining the coating equipment market in some applications.

Opportunity

Development of new technology

Continuous developments in coating processes and coating equipment are driving the coating equipment market in different applications. There is need for customized coating equipment in end-use industries such as automotive & transportation, aerospace, and other sectors. Coating equipment manufacturers are continuously conducting R&D and are developing advanced equipment to meet customers’ need.

New technological developments in coating equipment are helping achieve faster coating processes and long-lasting coatings. The development of tribo guns helped drive the powder coating equipment market. One coating manufacturer has developed a new coating that can minimize air drag and eliminate debris build-up. The development of such new technology offers opportunities for market players to expand their market in new applications. Key players such as Oerlikon, Nordson, and IHI Group frequently launched new products to serve the requirement of their customers.

The specialty coating equipment segment accounted for the largest share of the market.

Specialty coating equipment is used to apply specialty coatings. Specialty coating equipment includes PVD and CVD equipment, and thermal sprays, among others. In the emerging countries of APAC and the Middle East & Africa, the demand for this equipment is rising due to the increasing requirement for long-lasting protective coating in various applications.

Aerospace is projected to be the fastest-growing application of coating equipment during the forecast period.

The aerospace end-use industry is projected to register the fastest-growth during the forecast period. Strong growth of the aerospace industry and development of new aerospace coatings are the factors boosting the growth of the coating equipment market in this segment.

Coating Equipment Market

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APAC is estimated to account for the largest market share during the forecast period.

APAC is projected to be the fastest-growing coating equipment market. High population growth, industrial development, increase in demand for automobiles, and growing demand for coatings with better efficiency in the region is driving the coating equipment market. The market in the region is witnessing significant growth due to the presence of growing economies such as India, China, and ASEAN countries such as Thailand and Indonesia.

Key Market Players

The leading players in the coating equipment market are Nordson Corp (US), IHI Corp (Japan), OC Oerlikon (Switzerland), SATA (Germany), Graco (US), ANEST IWATA (JAPAN), ASAHI Sunac Corp. (Japan), J. Wagner (Germany), Carlisle Companies (US), and WIWA Wilhelm Wagner (Germany).

The industrial coating segment of Nordson Corporation had net sales of USD 253.3 million in 2017, which is a marginal increase from the previous year. Liquid coating, powder coating, UV curing, and container coating products drive the growth of this business segment. The company has adopted strategies such as new product launches and agreements to expand its production lines and customer base. The company’s strategy is focused on innovation and growing its customer base with excellence in business practices. The company has a stronghold in the liquid and powder coating equipment business.

Scope of the Report

Report Metric

Details

Years considered for the study

2016–2023

Base year considered

2017

Forecast period

2018–2023

Units considered

Value (USD)

Segments covered

Type, End-Use Industry, and Region

Geographies covered

North America, APAC, Europe, Middle East & Africa, and South America

Companies covered

Nordson Corp. (US), IHI Corp (Japan), OC Oerlikon  (Switzerland), SATA (Germany), Graco (US), ANEST IWATA (JAPAN), ASAHI Sunac Corp (Japan), J. Wagner (Germany), Carlisle Companies (US), and WIWA Wilhelm Wagner (Germany).

This research report categorizes the global coating equipment market on the basis of end-use industry, type, and region.

On the basis of type the coating equipment market has been segmented as follows:

  • Liquid coating equipment
  • Powder coating equipment
  • Specialty coating equipment

On the basis of the end-use industry the coating equipment market has been segmented as follows:

  • Automotive & transportation
  • Aerospace
  • Industrial
  • Construction & infrastructure

On the basis of region the coating equipment market has been segmented as follows:

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

The market is further analyzed for the key countries in each of these regions.

Recent Developments

  • In September 2018, Oerlikon Balzers opened its second production center in VeΎkα Ida, Slovakia. The new plant made VeΎkα Ida, the most important site for coating and heat treating of automotive components.
  • In July 2018, Carlisle Fluid Technology (CFT), a division of Carlisle Companies, opened its new building in Bournemouth, UK. The building is used for the manufacturing of handguns, automatic guns, mixing, and powder finishing to enhance the manufacturing capabilities of the company
  • In May 2018, Ionbond, a subsidiary of IHI Corporation, expanded its coating capacity at its coating service center in France. This expansion will allow the site to continue developing coatings for cutting tools. The expanded capacity uses coating machines manufactured by IHI Hauzer Techno Coating B.V.

Key questions addressed by the report:

  • What are the global trends in demand for coating equipment? Will the market witness an increase or decline in demand in the coming years?
  • What is the estimated demand for the different types of coating equipment?
  • What were the revenue pockets for the coating equipment market in 2017?
  • What are the different end-use industries of coating equipment?
  • Who are the major coating equipment manufacturers globally?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

 Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regions Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Market Overview (Page No. - 28)
    4.1 Market Dynamics
           4.1.1 Drivers
                    4.1.1.1 Increasing Demand From Growing End-Use Industries
                    4.1.1.2 Need for Replacement of Existing Coating Systems
           4.1.2 Restraints
                    4.1.2.1 Availability of Low-Cost Alternatives for Some Applications
           4.1.3 Opportunities
                    4.1.3.1 Economic Growth in Emerging Economies
                    4.1.3.2 Development of New Technology
           4.1.4 Challenges
                    4.1.4.1 Development of Cheaper Equipment for Coatings
    4.2 Porter’s Five Force Analysis
           4.2.1 Threat of New Entrants
           4.2.2 Bargaining Power of Suppliers
           4.2.3 Threat of Substitutes
           4.2.4 Bargaining Power of Buyers
           4.2.5 Intensity of Competitive Rivalry
    4.3 Macroeconomic Indicator
           4.3.1 Total Vehicle Sales Growth, 2005–2017
           4.3.2 Aerospace Industry Trends

5 Coating Equipment Market, By Type (Page No. - 35)
    5.1 Introduction
    5.2 Liquid Coating Equipment
           5.2.1 Availability of Alternatives Such as Brushes and Rollers are Expected to Hamper the Growth of the Liquid Coating Equipment
    5.3 Powder Coating Equipment
           5.3.1 Better Coating Efficiency and Advantage of Reclamation of Powder Coating are Expected to Boost the Demand for Powder Coating Equipment During the Forecast Period
    5.4 Specialty Coating Equipment
           5.4.1 Increasing Demand From End-Use Industries to Drive the Market Demand During the Forecast Period

6 Coating Equipment Market, By End-Use Industry (Page No. - 43)
    6.1 Introduction
    6.2 Automotive & Transportation
           6.2.1 Emerging Trends and New Investment to Drive the Demand for Coating Equipment in Automotive & Transportation Segment
    6.3 Aerospace
           6.3.1 Technological Innovations and Increasing Penetration of Coatings in the Aircraft Manufacturing to Drive the Demand in This Segment
    6.4 Industrial
           6.4.1 Increasing Investment and Establishment of New Manufacturing Facilities to Drive the Coating Equipment Market in This Segment
    6.5 Building & Infrastructure
           6.5.1 Growing Construction Industry to Boost the Demand for Coating Equipment
    6.6 Others

7 Coating Equipment Market, By Region (Page No. - 51)
    7.1 Introduction
    7.2 North America
           7.2.1 US
                    7.2.1.1 Steady Growth in the Automotive and Aerospace Industries is Expected to Drive the US Market
           7.2.2 Canada
                    7.2.2.1 Rising Investment in End-Use Industries is Likely to Drive the Market in Canada
           7.2.3 Mexico
                    7.2.3.1 The Mexican Aerospace Industry is A Major Growth Driver for the Coating Equipment Market
    7.3 Europe
           7.3.1 Germany
                    7.3.1.1 Strong Growth of the Automotive and Aerospace Industries is Expected to Drive the Demand for Coating Equipment
           7.3.2 France
                    7.3.2.1 Aerospace Mro, New Investment in Automatic Machinery & Equipment, and the Emergence of Lightweight and Energy Efficient Vehicles are Likely to Drive the Coating Equipment Demand
           7.3.3 Netherlands
                    7.3.3.1 Changing Trends in the Automotive Industry are Expected to Fuel the Demand for Coating Equipment in the Country
           7.3.4 Russia
                    7.3.4.1 The Recovery of the Automotive Industry is Likely to Drive the Market in Russia
           7.3.5 UK
                    7.3.5.1 Increasing Investment in the Aerospace Industry is Expected to Drive the UK Market
           7.3.6 Turkey
                    7.3.6.1 The Automotive Industry is A Major Driver for the Turkish Coating Equipment Market
           7.3.7 Rest of Europe
    7.4 APAC
           7.4.1 China
                    7.4.1.1 Growing Investment in the Automotive and Aerospace Industries are Boosting the Growth of the Coating Equipment Market in China
           7.4.2 India
                    7.4.2.1 New Automotive and Aircraft Manufacturing Facilities are Expected to Drive the Demand for Coating Equipment in India
           7.4.3 Japan
                    7.4.3.1 The Establishment of New Automotive Manufacturing Facilities is Likely to Lead to the Coating Equipment Market Growth
           7.4.4 South Korea
                    7.4.4.1 Steady Growth of End-Use Industries is A Governing Factor for the Coating Equipment Market Growth in South Korea
           7.4.5 Indonesia
                    7.4.5.1 Strong Growth of Automotive, Aerospace, and Industrial Segments are Expected to Boost the Market for Coating Equipment
           7.4.6 Thailand
                    7.4.6.1 Strong Growth of the End-Use Industries in Thailand is Expected to Drive the Demand for Coating Equipment
           7.4.7 Vietnam
                    7.4.7.1 Growing Urbanization is Driving the Demand for Coating Equipment From the Building & Infrastructure Industry
           7.4.8 Rest of APAC
    7.5 Middle East & Africa
           7.5.1 Saudi Arabia
                    7.5.1.1 Investment in End-Use Industries are Expected to Increase the Demand for Coating Equipment in the Country
           7.5.2 UAE
                    7.5.2.1 Growth in Automotive and Aerospace Industries is Likely to Drive the Coating Equipment Market
           7.5.3 Rest of Middle East & Africa
    7.6 South America
           7.6.1 Brazil
                    7.6.1.1 The Country’s Economic Recovery and Investment in the Automotive Industry are Likely to Propel the Market
           7.6.2 Argentina
                    7.6.2.1 Strategic Alliances in the Aerospace Industry are Expected to Contribute to the Growth of the Coating Equipment Market in the Country
           7.6.3 Rest of South America

8 Competitive Landscape (Page No. - 86)
    8.1 Overview
    8.2 Competitive Scenario
           8.2.1 Expansions
           8.2.2 Agreements/Collaborations
           8.2.3 Mergers & Acquisitions
           8.2.4 New Product Launches
    8.3 Competitive Leadership Mapping, Coating Equipment Market (2018)
           8.3.1 Visionary Leaders
           8.3.2 Innovators
           8.3.3 Dynamic Differentiators
           8.3.4 Emerging Companies

9 Company Profiles (Page No. - 94)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
    9.1 Nordson Corporation
    9.2 IHI Corporation
    9.3 OC Oerlikon Corporation AG
    9.4 Sata GmbH & Co. Kg
    9.5 Graco Inc.
    9.6 Anest Iwata
    9.7 Asahi Sunac Corporation
    9.8 J. Wagner GmbH
    9.9 Carlisle Companies
    9.10 Wiwa Wilhelm Wagner GmbH
    9.11 Tritech Industries, Inc.
    9.12 Larius
    9.13 Titan Tool
    9.14 Ningbo Dino-Power Machinery
    9.15 Ingersoll-Rand
    9.16 W.I.T. S.R.L.
    9.17 Han Shin Painting System
    9.18 Exel Industries
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

10 Appendix (Page No. - 134)
     10.1 Discussion Guide
     10.2 Available Customizations
     10.3 Related Reports
     10.4 Author Details


List of Tables (81 Tables)

Table 1 Total Vehicle Sales Growth, 2010–2017 (Million Units)
Table 2 Total Vehicle Sales Growth, 2010–2017 (Million Units)
Table 3 Demand for New Airplanes, By Region, Between 2015–2034
Table 4 Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 5 Liquid Coating Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 6 Powder Coating Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 7 Specialty Coating Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 8 Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 9 Coating Equipment Market Size in Automotive & Transportation, By Region, 2016–2023 (USD Million)
Table 10 Coating Equipment Market Size in Aerospace, By Region, 2016–2023 (USD Million)
Table 11 Coating Equipment Market Size in Industrial, By Region, 2016–2023 (USD Million)
Table 12 Coating Equipment Market Size in Building & Construction, By Region, 2016–2023 (USD Million)
Table 13 Coating Equipment Market Size in Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 14 Coating Equipment Market Size, By Region, 2016–2023 (USD Million)
Table 15 North America: Coating Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 16 North America: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 17 North America: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 18 US: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 19 US: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 20 Canada: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 21 Canada: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 22 Mexico: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 23 Mexico: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 24 Europe: Coating Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 25 Europe: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 26 Europe: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 27 Germany: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 28 Germany: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 29 France: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 30 France: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 31 Netherlands: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 32 Netherlands: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 33 Russia: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 34 Russia: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 35 UK: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 36 UK: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 37 Turkey: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 38 Turkey: Coating Equipment Market Size, By End-Use Industry, 2016–2023, (USD Million)
Table 39 Rest of Europe: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 40 Rest of Europe: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 41 APAC: Coating Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 42 APAC: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 43 APAC: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 44 China: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 45 China: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 46 India: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 47 India: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 48 Japan: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 49 Japan: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 50 South Korea: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 51 South Korea: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 52 Indonesia: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 53 Indonesia: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 54 Thailand: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 55 Thailand: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 56 Vietnam: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 57 Vietnam: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 58 Rest of APAC: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 59 Rest of APAC: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 60 Middle East & Africa: Coating Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 61 Middle East & Africa: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 62 Middle East & Africa: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 63 Saudi Arabia: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 64 Saudi Arabia: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 65 UAE: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 66 UAE: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 67 Rest of Middle East & Africa: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 68 Rest of Middle East & Africa: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 69 South America: Coating Equipment Market Size, By Country, 2016–2023 (USD Million)
Table 70 South America: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 71 South America: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 72 Brazil: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 73 Brazil: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 74 Argentina: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 75 Argentina: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 76 Rest of South America: Coating Equipment Market Size, By Type, 2016–2023 (USD Million)
Table 77 Rest of South America: Coating Equipment Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 78 Expansions, 2014–2018
Table 79 Agreements/Collaborations, 2014–2018
Table 80 Mergers & Acquistions, 2014–2018
Table 81 New Product Launches, 2014–2018


List of Figures (33 Figures)

Figure 1 Coating Equipment Market Segmentation
Figure 2 Coating Equipment Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Data Triangulation: Coating Equipment Market
Figure 6 Specialty Coating Equipment Accounts for Largest Share of Overall Market
Figure 7 Industrial Segment to Lead Overall Coating Equipment Market Between 2017 and 2023
Figure 8 APAC to Be the Fastest-Growing Market During Forecast Period
Figure 9 Coating Equipment Market: Drivers, Restraints, Opportunities,And Challenges
Figure 10 Porter’s Five Forces Analysis
Figure 11 Specialty Coating Equipment Accounted for Largest Share of Overall Coating Equipment Market in 2017
Figure 12 Automotive Segment Accounted for Largest Share of Overall Coating Equipment Market, 2017 (USD Million)
Figure 13 Regional Snapshot: Rapidly Growing Markets are Emerging as New Hotspots
Figure 14 North America: Coating Equipment Market Snapshot
Figure 15 Europe: Coating Equipment Market Snapshot
Figure 16 APAC: Coating Equipment Market Snapshot
Figure 17 Companies Adopted Expansion as the Key Growth Strategy Between 2014 and 2018
Figure 18 Market Evaluation Framework
Figure 19 Global Coating Equipment Market- Competitive Leadership Mapping, (2018)
Figure 20 Nordson Corporation: Company Snapshot
Figure 21 Nordson Corporation: SWOT Analysis
Figure 22 IHI Corporation: Company Snapshot
Figure 23 IHI Corporation: SWOT Analysis
Figure 24 OC Oerlikon Corporation AG: Company Snapshot
Figure 25 OC Oerlikon Corporation AG: SWOT Analysis
Figure 26 Sata GmbH & Co. Kg: SWOT Analysis
Figure 27 Graco Inc.: Company Snapshot
Figure 28 Graco & Co. Kg: SWOT Analysis
Figure 29 Anest Iwata: Company Snapshot
Figure 30 Carlisle Companies: Company Snapshot
Figure 31 Carlisle Companies: SWOT Analysis
Figure 32 Ingersoll-Rand: Company Snapshot
Figure 33 Exel Industries: Company Snapshot

The study involved four significant activities for estimating the current market size of coating equipment. Exhaustive secondary research was done to collect information on coating equipment. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers and  Bloomberg BusinessWeek have been referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; magazines;; regulatory bodies; trade directories; and databases.

Primary Research

The coating equipment market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The supply side is marked by advancements in technology for complex specifications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Coating Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the global coating equipment market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:

  • The key players in the industry are identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value, are determined through primary and secondary research.
  • Percentage shares are determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study are accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials such as directors and marketing executives.

Data Triangulation

After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and subsegments. The data triangulation was used, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated by using both the  top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there were three sources-the top-down approach, the bottom-up approach, and expert interviews. The data was assumed to be correct when the values arrived at from the three sources matched.

Report Objectives

  • To define, describe, and forecast the size of the coating equipment market, in terms of value
  • To provide detailed information regarding the significant factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the market size on the basis of type and application
  • To forecast the market size of different segments with respect to five main regions, namely, North America, Europe & Russia, Asia Pacific (APAC), South America, and the Middle East & Africa
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To analyze the competitive developments, such as expansion, merger & acquisition, agreement, and new product development in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • A country-level analysis of the global coating equipment market

Company Information:

  • Detailed analysis and profiles of additional market players
Report Code
CH 4994
Published ON
Jan, 2019
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