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Coating Equipment Market by Type (Liquid Coating, Powder Coating, and Specialty Coating), End-use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Infrastructure), by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecast (2022–2027)

Published: January, 2022
ID: 8490
Pages: 175

Coating Equipment Market Size and Growth (2022-2027):

The coating equipment market size is predicted to grow from USD 20.3 billion in 2021 to over 27.1 billion in 2026, with a CAGR of 6.8%.

The escalating call from end-use industries and the need to replace existing coating systems is the determining factor in the coating equipment market. A wide range of techniques is available for applying coatings to a substrate, using different equipment. Good coating equipment ensures a uniform distribution of the coating material on the substrate, an adequate mix of the different components of the material to be coated, optimal drying, and the presence of an efficient exhaust system to remove residual solvent vapors. In turn, the escalating consumption of coatings around the world is likely to increase the call for coating equipment in the coming years. The coating is a coating that is applied to a surface to improve its functional or aesthetic properties. Paints are an important type of coating. The paints are employed in a wide variety of applications in the automotive, industrial, building and construction, marine, medical, electrical, and electronic services sectors. public and oil and gas. Coatings are applied to all types of substrates, including polymers, glasses, metals, and ceramics. The use of coatings is escalating around the world as companies take a prevention-based approach to reducing the costs associated with rusting equipment.

Coating Equipment Market Trends:

Escalatingcall from end-users and the need to replace old equipment are the drivers of the coating equipment market. However, the availability of low-cost alternatives such as brushes and rollers is predicted to slow the expansion of the coating equipment market. New developments in the coating industry and the high call for APAC are the main market opportunities for industry players in the coating equipment market.

Recent Developments in the Coating Equipment Market:

  • Axalta, one of the world's dominating offers of liquid and powder coatings, on this dayintroduced the latest collection of industrial powder coatings in Mexico. Axalta is committed to minimizing its overall environmental impact in all of its business activities.
  • Global coating maker Hempel introduces the latest epoxy primer for heavy-duty trucks and devices: Hempaprime Shield 700 HS. This latest coating is mainly designed to enhance OEM productivity and quality by decreasing production times and maximizing service life.

Coating Equipment Market Drivers:

Coating requirements change with advances in technology. Coating performance, durability, coating efficiency, and energy consumption are key parameters that are considered when selecting coating material and process. Improved coating efficiency, relatively low overall coating cost, and regenerative properties have made powder coatings replace liquid coatings. Also, in liquid coatings, water-based coatings are rapidly replacing solvent-based coatings. As coating technology changes, equipment needs to be changed as coating processes are different. This factor drives new equipment sales. According to a sales manager for one of the major players in the industry, the average life of coating equipment is around 10-15 years and that of a spray gun is around 3-4 years. . Therefore, the coating equipment market is also driven by the need to replace old systems. Escalatingcall from major end-user sectors, such as automotive, industrial, medical, and building and construction, is likely to be a key driver for the coating equipment market during the foreseen period. The use of coatings to provide protection to various products, as well as to impart functional properties to product surfaces, is escalating in these sectors. A number of companies in unorganized sectors of emerging economies, which previously employed non-standard methods to apply coatings, are turning to the use of standard coating equipment.

Coating Equipment Market Restraints:

The use of advanced coating equipment in all applications is not affordable. Equipment cost is an important factor when considering the choice of coating materials and the application process. For applications that involve 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 less expensive and are preferred in some applications over other equipment. Therefore, the availability of low-cost alternatives limits the market for coating equipment in some applications. This would have a negative effect on solvent-based coating equipment in the near future.




Market Size Available

2021 – 2026

Base Year


Forecast Period

2022- 2027



Segments Covered

By Type, By End-Use Industry, By Region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

  1. Nordson Corp (US)
  2. IHI Corp (Japan)
  3.  OC Oerlikon (Switzerland)
  4. SATA (Germany)
  5.  Graco (US)
  7.  ASAHI Sunac Corp. (Japan)
  8. Wagner Systems Inc. (Germany)
  9. Carlisle Companies (US)
  10. WIWA Wilhelm Wagner (Germany)

Opportunities in the Coating Equipment Market:

Continuous developments in coating processes and coating equipment are driving the market for coating equipment in different applications. There is a need for custom coating equipment in end-use industries such as automotive and transportation, aerospace, and other sectors. Coating equipment manufacturers continuously carry out R&D and develop advanced equipment to meet customers' needs. New technological developments in coating equipment helps speed up coating processes and achieve long-lasting coatings. The development of tribo guns has helped drive the market for powder coating equipment. A liner manufacturer has developed a new liner that can minimize air entrainment and eliminate debris build-up. The development of these new technologies offers market agents opportunities to expand their market towards new applications.

Challenges in the Coating Equipment Market:

Cost is an important factor when selecting a product. Providing a cheaper product with better performance is a difficult task for manufacturers. Producing quality equipment at a lower cost requires specific research and development. Understanding customer requirements and meeting industrial needs is the main challenge for coating equipment manufacturers. With the presence of low-cost alternatives for some applications, the development of low-cost products would allow for greater penetration in end-use industries.

Coating Equipment Market Segmentation:

By Type:

  • Liquid coating
  • Powder coating
  • Specialty coating

In the emerging APAC countries and the Middle East and Africa, the call for specialized coating equipment is escalating due to the escalating call for long-lasting protective coatings in various applications.

By End-Use Industry:

  • Automotive & transportation
  • Aerospace
  • Industrial
  • Building & infrastructure

The end-use aerospace industry is predicted to register the fastest expansion during the foreseen period. The strong expansion of the aerospace industry and the development of new aerospace coatings are the factors driving the expansion of the coating equipment market in this segment.

Coating Equipment Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

APAC is predicted to be the fastest-growing market for coating equipment. APAC is also predicted to experience the fastest expansion during the foreseen period. Strong population expansion, industrial development, escalating call for automobiles, and escalating call for better-efficiency coatings in the region are driving the coating equipment market. The region's market is experiencing significant expansion due to the presence of growing economies such as India, China, and ASEAN countries such as Thailand and Indonesia. Asia-Pacific is predicted to be a very attractive market for coating equipment during the foreseen period. Industrial expansion and rapid urbanization in countries such as China, India and Indonesia are predicted to drive call for coating equipment in these countries over the next decade. The coating equipment markets in the mature economies of Western Europe and North America are predicted to grow slowly over the next decade.

 The North American coating equipment market is predicted to show moderate expansion during the review period. Factors such as the increase in technological advances in products and the high adoption of coating equipment in the aerospace and defense industry have driven the expansion of the regional market.

The European market is predicted to grow at a phenomenal rate during the foreseen period; The growing call for electric vehicles together with the development of the automotive industry in the region are some of the factors that are predicted to drive the expansion of the market in the region. Additionally, rapid urbanization is likely to drive the expansion of the coating equipment market in the Middle East and Africa during the foreseen period.

Coating Equipment Market Key Players:

  1. Nordson Corp (US)
  2. IHI Corp (Japan)
  3.  OC Oerlikon (Switzerland)
  4. SATA (Germany)
  5.  Graco (US)
  7.  ASAHI Sunac Corp. (Japan)
  8. Wagner Systems Inc. (Germany)
  9. Carlisle Companies (US)
  10. WIWA Wilhelm Wagner (Germany)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Liquid Coating        

                                5.1.3 Powder Coating    

                                5.1.4 Specialty Coating  

                                5.1.5 Y-o-Y Growth Analysis, By Type     

                                5.1.6 Market Attractiveness Analysis, By Type   

                                5.1.7 Market Share Analysis, By Type     

                5.2 End-use Industry                     

                                5.2.1 Introduction           

                                5.2.2 Automotive & Transportation         

                                5.2.3 Aerospace               

                                5.2.4 Industrial 

                                5.2.5 Building & Infrastructure   

                                5.2.6 Y-o-Y Growth Analysis, By End-use Industry             

                                5.2.7 Market Attractiveness Analysis, By End-use Industry           

                                5.2.8 Market Share Analysis, By End-use Industry            

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Type

                                       By End-use Industry

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Type

                                       End-use Industry

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Type

                                       By End-use Industry

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 ASAHI Sunac Corp.                  

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 WIWA Wilhelm Wagner                        

                8.3 SATA                             

                8.4 Nordson Corp                            

                8.5 OC Oerlikon                

                8.6 ANEST IWATA                            

                8.7 Carlisle Companies                  

                8.8 IHI Corp                        

                8.9 J. Wagner                    

                8.10 Graco                          

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         


                a) List of Tables                

                b) List of Figures                              

  1. Global Coating Equipment  Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Coating Equipment  Market By Type, From 2022 - 2027 ( USD Billion )
  3. Global Liquid Coating Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Powder Coating Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Specialty Coating Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Coating Equipment  Market By End-use Industry, From 2022 - 2027 ( USD Billion )
  7. Global Automotive & Transportation Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Aerospace Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Industrial Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Building & Infrastructure Market By Region, From 2022 - 2027 ( USD Billion )

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