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The global coating equipment market was valued at US$ 19.58 Billion in 2021.
We expect the global coating equipment market to exhibit a CAGR of 5.70% during 2022-2027.
The growing utilization of coating equipment across the commercial and residential spaces for
promoting uniform distribution of paints on different components and ensuring optimum drying and
proper mixing of several substances is primarily driving the global coating equipment market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous end-
use industries, thereby limiting the demand for coating equipment.
Based on the product, the global coating equipment market has been segmented into powder
coating equipment, liquid coating equipment, and specialty coating equipment. Among these,
specialty coating equipment represents the largest market share.
Based on the application, the global coating equipment market can be bifurcated into automotive,
aerospace, construction, industrial, and others. Currently, the automotive sector accounts for the
majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global coating equipment market include Anest Iwata Corporation,
Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH,
Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc), and
Samvardhana Motherson Group.
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