Global Coating Equipment Market Forecast 2035
According to the report, the global coating equipment market is likely to grow from USD 21.3 Billion in 2025 to USD 40.5 Billion in 2035 at a highest CAGR of 6.0% during the time period. Increasing speed of industrial production, accelerating demand on high-quality surface finishing, and the development of automation technologies are the key factors that contribute to the rise of the global market of coating equipment. Coating systems are being heavily invested by manufacturers of the automotive and aerospace sectors, as well as medical devices and consumer goods to improve durability, corrosion resistance, and product aesthetics. The increase in the manufacture of electric vehicles has also increased the need to have environmentally friendly and energy efficient coating equipment especially using the powder and thermal spray technologies. Also, the stable and continuous growth of the construction industry, as well as the increased investment in infrastructure of the emerging economies, is contributing to the use of advanced coating systems on metals, wood, and composite. The increased focus on environmental issues and regulatory requirements is hastening the transition to low-VOC and sustainable solutions to coating, and as a result, changing equipment design. As the need to be more efficient, cost-effective, and precise grows, industries are adopting digital monitoring and robotics, dramatically expanding the coating equipment market globally.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Coating Equipment Market
One of the main impetuses behind the global market in coating equipment is the influx of demand to high-tech medical equipment and implants that need biocompatible coating. As the worldwide medical device market is expected to reach USD 800 billion by 2030, the coating solutions guaranteeing antimicrobial behavior, wearability, and accurate placement are becoming essential and more options are being used by medical manufacturing industries.
The biggest limitation is a big capital cost involved in installing modern coating equipment like the use of plasma spraying machines or robots. Financial and technical obstacle to upgrading is posed to small and medium sized manufacturers especially in developing regions limiting their ability to enter the market and the adoption rate is low across a wide range of industries.
The market of aerospace is a major opportunity, which focuses on lightweight composite materials that need special coating to improve performance and durability. As the air travel industry worldwide is predicted to increase by almost two times by 2040, demand of coating equipment with its pre-eminence on the next-generation aircraft materials offers a good growth opportunity to manufacturers.
Expansion of Global Coating Equipment Market
“Global Coating Equipment Market Expansion Fueled by Construction Growth, Automotive Innovation, and Smart Technology Integration”
- A key driver of the growth of the global market in coating equipment is the high pace of industrialization and development in the developing economies in infrastructure. The expanding construction effort in Asia and the Middle East, especially in protective and decorative coating, is driving the use of high-efficiency spray and powder systems in coating. To illustrate the point, the construction industry is expected to spend USD 15 trillion by the year 2030 which will increase the demand of coating technologies on a long-term basis.
- One of the drivers of growth is the fact that the automotive industry continues to transition into environmentally friendly paint and lighter materials. As the world electric vehicle (EV) market is projected to rise with a CAGR of more than 20 per cent by 2030, manufacturers are investing in state-of-the-art coating equipment to realize robustness, corrosion resistance and sustainable finishes. It is clear that Tesla and BYD, and other automotive OEMs are increasingly turning to robotic coating systems to improve efficiency and comply with strict environmental standards.
- Furthermore, the market opportunities are growing due to smart and automated coating equipment technological advancement. The adoption of Industry 4.0 solutions, including IoT based real-time monitoring and predictive maintenance, is increasing in a wide variety of industries. As an example, Durr AG has also implemented digitalized paint shops that enhance accuracy and conserve energy that has been consistent with the trend in the world that seeks sustainability and cost efficiency.
Regional Analysis of Global Coating Equipment Market
- Coating equipment is in maximum demand in the Asia Pacific region, which is notable in terms of its large industrial and manufacturing base, especially in China, India, Japan and South Korea. The development of high-end coating technologies in terms of durability, corrosion resistance, and beauty is prompted by the rapid increase in the automotive industry manufacturing, electronics, and construction. Also, the boom of infrastructure development based on the government efforts and increased urbanization is a major contributor to dominance in the market. Indicatively, the automotive manufacturing in China has passed 30 million units in 2024 and greater demands of precision coating technologies are required to ensure high quality standards in manufacturing.
- Technological improvements coupled with sustainability programs and the increased use of automation are expected to drive the largest growth in the coating equipment market in North America. In the aerospace sector, defense and medical devices, the U.S. and Canada are showing much interest in environmentally-friendly finishes and robotic application systems. Besides, the tough environmental rules by the Environmental Protection Agency (EPA) and the requirement of energy efficient coating push industries to invest in high quality equipment’s. Indicatively, the U.S. aerospace industry is increasing its application of plasma and thermal spray-based coating techniques, which are driving robust regional development opportunities.
Prominent players operating in the global coating equipment market are Anest Iwata Corporation, Axalta Coating Systems, AxoTech GmbH, Binks (Iwata), BYK-Gardner (part of ALTANA), DeVilbiss / Carlisle Fluid Technologies, Dürr AG, Eisenmann SE, Electrostatic Spray Systems Ltd., Gema Switzerland GmbH, Global Finishing Solutions (GFS), Graco Inc., Hentzen Coatings Inc., ITW (Illinois Tool Works), Jotun A/S, Nordson Corporation, PMC Engineering, Sames Kremlin, Techcon Systems Inc., Wagner Group, and Other Key Players.
The global coating equipment market has been segmented as follows:
Global Coating Equipment Market Analysis, by Coating Type
- Powder Coating Equipment
- Liquid Coating Equipment
- Specialty Coating Equipment
- Thermal Spray Coating Equipment
- Others
Global Coating Equipment Market Analysis, by Equipment Type
- Spray Guns
- Dip Coating Equipment
- Roll Coaters
- Electrostatic Coating Equipment
- Vacuum Coating Systems
- Curing & Drying Ovens
- Automated Coating Systems
- Others
Global Coating Equipment Market Analysis, by Technology
- Manual
- Automatic/ Robotic
Global Coating Equipment Market Analysis, by Substrate Type
- Metal
- Plastic
- Wood
- Glass
- Composite Materials
- Others
Global Coating Equipment Market Analysis, by Application
Global Coating Equipment Market Analysis, by End Use Industry
- Automotive
- Aerospace & Defense
- Industrial Machinery
- Construction
- Electronics
- Consumer Goods
- Healthcare & Medical Devices
- Others
Global Coating Equipment Market Analysis, by Distribution Channel
- Direct Sales (OEMs and Integrators)
- Distributors & Dealers
- E-commerce Channels
Global Coating Equipment Market Analysis, by Region
- North America
- Europe
- Asia Pacific
- Middle East
- Africa
- South America
About Us
MarketGenics is a global market research and management consulting company empowering decision makers from startups, Fortune 500 companies, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
We serve clients on every aspect of strategy, including product development, application modeling, exploring new markets and tapping into niche growth opportunities.
Contact Us
USA Address:
800 N King Street Suite 304 #4208 Wilmington, DE 19801 United States.
+1(302)303-2617
info@marketgenics.co
India Address:
3rd floor, Indeco Equinox, Baner Road, Baner, Pune, Maharashtra 411045 India.
sales@marketgenics.co