SAN FRANCISCO, Sept. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Powder Coating Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 487
Companies: 38 - Players covered include Asahi Sunac Corporation; Gema Switzerland GmbH; Hangzhou Color Powder Coating Equipment Co., Ltd.; J. Wagner GmbH; Koryo Coating Machine Industrial Co. Ltd.; Mitsuba Systems (India) Pvt. Ltd.; MS Oberflachentechnik AG; Nordson Corporation; Parker Ionics Powder Coating Equipment; Sames Kremlin and Others.
Coverage: All major geographies and key segments
Segments: Component (Guns, Ovens, Booths & Systems, Sieving System, Other Components); End-Use (General Metals, Agricultural & Construction, Appliances, Automotive, Architectural, Furniture, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Powder Coating Equipment Market to Reach $3 Billion by 2026
Amid the COVID-19 crisis, the global market for Powder Coating Equipment estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2026, growing at a CAGR of 3.9% over the analysis period. Guns, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$565.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ovens segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $669.9 Million in 2021, While China is Forecast to Reach $627.9 Million by 2026
The Powder Coating Equipment market in the U.S. is estimated at US$669.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$627.9 Million by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.
Booths & Systems Segment to Reach US$1.2 Billion by the year 2026
In the global Booths & Systems segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$687.2 Million in the year 2020 will reach a projected size of US$889 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.