Market Research Report
Coating Equipment Market Analysis By Product (Specialty Coating equipment, Powder Coating Equipment, Liquid Coating Equipment), By Application, By Region, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557177|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Coating Equipment Market Analysis By Product (Specialty Coating equipment, Powder Coating Equipment, Liquid Coating Equipment), By Application, By Region, And Segment Forecasts, 2014 - 2025|
|Published: August 9, 2017||Content info: 90 Pages||
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.