Feb 13, 2020 Off Comments in Powder Coating by
Cleveland Ohio Powder Coating Equipment Market 2016 Product Type, Application/End Industries, Manufactures And Forecast 2024

Regional analysis concludes that Asia Pacific will remain a fertile market for powder coating equipment throughout the assessed period; it will possibly remain the largest as well as fastest growing regional market through 2024. A fundamental shift from liquid spray to powder coating is predicted to boost gradual sales of powder coating equipment during the period of forecast.

Persistence Market Research analyzes the global powder coating equipment market over an eight-year period, 2016-2024. According to a recent report outlook titled “Powder Coating Equipment Market: Global Industry Analysis and Forecast, 2016 – 2024,” the US$ 2,127.7 Mn market for powder coating equipment is likely to expand moderately over the forecast period, reaching a value of US$ 3,275.2 Mn by 2024 end.

Key Component Insights

By component, booths and system segment will remain dominant, accounting for over 38% share of the total revenues in 2024, followed by gun and oven segments. Booths and system segment will reportedly witness a relatively higher CAGR over 2016-2024. Within this segment, automatic sub-segment is likely to remain dominant but manual sub-segment will witness higher growth through 2024.

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