How big is the Coating Equipment Market?
According to 6Wresearch internal database and industry insights, the
Global coating equipment market was valued at approximately USD 20.3 billion in 2024 and is projected to reach USD 36.7 billion by 2031, growing at a CAGR of 8.7%.
This growth is driven by rising demand from automotive, aerospace, industrial machinery, electronics, and construction sectors. Coating equipment is essential for applying protective, decorative, and functional coatings on surfaces, enabling corrosion resistance, improved aesthetics, and extended product life.
Key Growth Drivers of the Coating Equipment Market
- Expansion of automotive, aerospace, and general industrial sectors
- Increasing demand for corrosion-resistant and energy-efficient coatings
- Growing adoption of powder coating and high-efficiency spray systems
- Technological advancements in automation and robotic coating processes
- Rising investments in infrastructure, electronics, and consumer goods
Coating Equipment Market Trends
The Coating Equipment Market is witnessing increasing adoption of automated and robotic coating systems for precision and efficiency. Powder coating and electrostatic spray equipment are gaining traction for being eco-friendly and cost-effective. Integration of AI and IoT in coating lines is improving monitoring and quality control. There is also growing demand for portable and modular equipment for small-scale and customized applications. Equipment designed for low-VOC and water-based coatings is seeing higher uptake in compliance with environmental norms.
Emerging Developments in the Coating Equipment Market
Other innovations are the introduction of energy-saving curing systems, the smart coating booth, and hybrid application system. Firms are also spending on developing 3D coating systems on complicated surfaces. Advances in high-speed rotary atomizers and airless spray guns are outwitting finish quality and lowering overspray. Units that manufacture coating equipment are collaborating with end-user industries to design special solutions that fit into various applications. On-site applications are also attracting increased requirements of mobile coating systems and miniaturized systems.
Major Companies in the Coating Equipment Market
- Nordson Corporation
- Graco Inc.
- Anest Iwata Corporation
- IHI Ion bond AG
- SATA GmbH & Co. KG
- OC Oerlikon Corporation AG
- Carlisle Companies Incorporated
- Wagner Group GmbH
- Asahi Sunac Corporation
- Gema Switzerland GmbH
How big is the Coating Equipment Market : FAQ's
The coating equipment market was valued at USD 20.3 billion in 2024 and is projected to reach USD 36.7 billion by 2031.
The coating equipment market is expected to grow at a CAGR of 8.7% during the forecast period of 2025 to 2031.
Automotive painting, aerospace components, metal fabrication, electronics, industrial machinery, and construction.
Automation, environmental compliance, need for high-quality finishes, and expansion in end-use industries.
High initial investment, complex maintenance, need for skilled operators, and fluctuating raw material costs.
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