The global Coating Equipment Market is expected to reach USD 22.23 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application.
Robust growth in the consumption owing to rising government spending, fast-growing population, and continued progress on infrastructure projects in Middle Eastern economies is likely to augment product utilization in the residential sector.Africa residential sector is expected to witness growth on account of increasing foreign direct investments and rising consumer’s willingness to spend.
Governments of Middle East have framed favourable policies to promote investments in the automotive sector. In addition, expansion of road networks along with urban population growth has played a crucial role in increasing sales of automotive vehicles in Middle East countries such as Saudi Arabia and United Arab Emirates.
The global coating equipment market is expected to witness significant competitive rivalry due to the presence of numerous players across the industry. As a result of changing consumer trend, various companies are launching new products to expand their product offerings and put up with the competition in the market.
China coating equipment market revenue, by application, 2014 – 2025 (USD Billion)
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Further key findings from the report suggest:
Global coating equipment market revenue by product, 2016 (%)
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Grand View Research has segmented the global coating equipment market on the basis of product, application, and region:
Coating Equipment Product Outlook (Revenue, USD Million, 2014 – 2025)
Coating Equipment Application Outlook (Revenue, USD Million, 2014 – 2025)
Coating Equipment Regional Outlook (Revenue, USD Million, 2014 – 2025)
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Automotive Coatings Market: https://www.grandviewresearch.com/industry-analysis/automotive-coatings-market
Intumescent Coatings Market: https://www.grandviewresearch.com/industry-analysis/intumescent-coatings-industry
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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