Kenneth Research, in its repository of market research reports, has recently added a report on Coating Equipment Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Coating Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Coating Equipment Market products.
Coating equipment can be defined as an equipment specifically designed to mechanize the liquid gasket coating process on mass production lines. This machinery enhances the productivity and even allocation of the coating material over the substrate, optimum drying, proper mixing of different components of the material being coated, and presence of an efficient exhaust system to remove the residual solvent vapors.
Global Coating Equipment Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Growing demands in the end-user industries and requirement for an alternative Coating Systems could fuel the global coating equipment market. Availability of the low cost applications could hamper the growth rate of the overall market rate.
Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Coating Equipment Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Coating Equipment Market Competitive Landscape
The “Coating Equipment Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such Nordson Corporation, IHI Corporation, OC Oerlikon Corporation AG, Sata GmbH & Co. Kg, Graco Inc. and Anest Iwata. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Coating Equipment Market, By Type
>>Liquid Coating Equipment
>>Powder Coating Equipment
>>Specialty Coating Equipment
Global Coating Equipment Market, By End-Use Industry
>>Automotive & Transportation
>>Building & Infrastructure
Global Coating Equipment Market Geographic Scope
o Rest of Europe
o Rest of Asia Pacific
>>Rest of the World
Research Methodology of Market Research:
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Reasons to Purchase this Report
>>Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
>>Provision of market value (USD Billion) data for each segment and sub-segment
>>Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
>>Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
>>Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
>>Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
>>The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
>>Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
>>Provides insight into the market through Value Chain
>>Market dynamics scenario, along with growth opportunities of the market in the years to come
>>6-month post sales analyst support
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