Coating Equipment Market – Global Industry Size, Share, Trends, Opportunity, & Forecast, Segmented By Product (Specialty Coating Product, Powder Coating Product, Liquid Coating Product), By Application (Automotive, Aerospace, Construction, Industrial, Others), By Region and Competition, 2020-2030F

Market Overview

The Global Coating Equipment Market, valued at USD 17.76 Billion in 2024, is projected to experience a CAGR of 5.06% to reach USD 23.88 Billion by 2030. Coating equipment refers to mechanical systems engineered to apply protective or decorative materials, including paints, powders, and various liquid coatings, onto diverse substrates such as metals, plastics, and wood, encompassing processes from surface preparation to final curing. The global market for this equipment is primarily driven by increasing demand from end-use industries like automotive, aerospace, and construction, which seek to enhance product durability and aesthetic appeal through advanced surface treatments. The expanding adoption of automation and robotics for improved precision and efficiency in coating applications further supports market expansion.

According to the Powder Coating Institute, global powder coating usage increased by 15% in 2023, reflecting a direct influence on the demand for associated application machinery. Despite these drivers, a significant challenge impeding market growth is the high initial capital expenditure associated with acquiring and implementing advanced coating systems, particularly for smaller enterprises or developing regions.

Key Market Drivers

The global coating equipment market is significantly influenced by the increased demand stemming from diverse end-use industries. As various manufacturing sectors expand their output and refine product specifications, the necessity for robust and aesthetically pleasing surface treatments escalates. This widespread industrial growth drives the requirement for advanced coating solutions, ranging from protective layers on heavy machinery to decorative finishes on consumer goods, directly impacting the demand for sophisticated application systems. According to the United Nations Industrial Development Organization (UNIDO) in its March 2024 'UNIDO Quarterly Report on World Manufacturing Production' report, global manufacturing output grew by 1.6 percent in 2023. This expansion necessitates a corresponding increase in coating operations, thereby fueling the need for efficient and reliable coating equipment capable of handling varied materials and production scales.

Further amplifying market expansion is the rapid growth in the Electric Vehicle (EV) market. The intricate components of EVs, particularly batteries and specialized body parts, demand high-performance coatings for corrosion resistance, thermal management, electrical insulation, and aesthetic appeal. This creates a distinct and burgeoning segment for coating equipment tailored to meet the stringent requirements of EV manufacturing, including precision application for sensitive battery elements and specialized corrosion protection for chassis components. According to the International Energy Agency (IEA) in its April 2023 'Global EV Outlook 2023' report, EV sales were projected to increase by 35% in 2023. This substantial growth translates directly into elevated production volumes requiring dedicated and advanced coating infrastructure. Overall, the broader coating equipment market is also seeing increased integration of automated systems to meet these evolving demands. For instance, according to the International Federation of Robotics (IFR) in its 'World Robotics 2023' report, 553,052 industrial robot installations were recorded globally in factories in 2022.

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Key Market Challenges

The high initial capital expenditure associated with acquiring and implementing advanced coating systems presents a significant challenge impeding the growth of the Global Coating Equipment Market. This financial barrier primarily impacts smaller enterprises and businesses in developing regions, restricting their capacity to invest in modern, efficient coating technologies. The necessity for substantial upfront investment, often involving complex financing and extended payback periods, creates a deterrent for potential buyers, especially during periods of economic uncertainty.

This challenge directly hampers market expansion by slowing the adoption of new equipment. For example, according to the American Coatings Association, the U. S. paint and coatings industry experienced a modest 1.4% increase in value from 2022 to 2023, while volume decreased by 1.8%. Although the industry anticipates a 5.3% increase in value and 2.6% in volume for 2024, this measured growth in a key end-use sector contributes to a cautious approach towards significant capital outlays. Companies facing such market dynamics are less inclined to commit to the high costs of advanced coating equipment, thereby limiting demand and restraining overall market development.

Key Market Trends

The shift towards eco-friendly and low-volatile organic compound (VOC) coating equipment is a significant trend, driven by escalating regulatory pressures and heightened environmental awareness across industries. This focus involves adopting coating solutions that minimize ecological impact through reduced emissions and lower energy usage. Manufacturers are increasingly utilizing waterborne, powder, and UV-curable formulations, which require specialized application machinery. AkzoNobel, in September 2024, launched its Interpon D2525 Low-E powder coatings, capable of cutting energy consumption by as much as 20% during curing or accelerating curing times by up to 25%. This technological advancement supports sustainable practices and requires compatible coating equipment for efficient application and consistent performance.

The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) for smart coating solutions is transforming operational capabilities within the global coating equipment market. This trend involves leveraging data analytics and real-time monitoring to optimize processes, enhance precision, and enable predictive maintenance. Such intelligent systems facilitate automated adjustments to application parameters, reducing material waste and improving efficiency. According to the International Federation of Robotics, the global stock of industrial robots in factories reached a record 4.28 million units in 2023, representing a 10% increase from the previous year, with AI and machine learning as key enablers. This signifies the expanding foundation for smart coating solutions. Furthermore, Dürr, in June 2024, reported that its paint shop featuring the EcoQPower system reduced energy consumption by approximately 21% in the utilization phase, demonstrating the contribution of intelligent systems to both efficiency and sustainability.

Segmental Insights

The Specialty Coating Product segment is currently demonstrating the most rapid growth within the Global Coating Equipment Market, propelled by an escalating demand for advanced material performance and protection across various industries. This acceleration is largely attributed to stringent environmental regulations, which drive the adoption of low-volatile organic compound and water-based coating formulations. Furthermore, sectors such as automotive, aerospace, and electronics require specialized coatings that offer enhanced durability, corrosion resistance, thermal management, and electrical insulation properties. Continuous technological advancements in coating application techniques also contribute significantly, enabling the precise and efficient deposition of these highly functional coatings to meet evolving industrial requirements.

Regional Insights

Asia Pacific leads the Global Coating Equipment Market primarily due to its ongoing rapid industrialization and extensive urbanization across major economies. This dynamic growth fuels significant demand for advanced coatings in crucial end-use sectors such as construction and infrastructure development. Furthermore, the robust expansion of the automotive industry, including electric vehicle manufacturing, significantly contributes to the region's dominance by increasing the requirement for efficient and high-performance coating solutions. The large population base and rising disposable incomes also stimulate consumer demand for durable finished goods, further propelling the need for sophisticated coating equipment.

Recent Developments

• In February 2025, Dürr, in collaboration with battery cell manufacturer Cellforce and US-based LiCAP, announced plans for an innovative pilot plant focused on the dry coating of electrode foils. This breakthrough research aims to revolutionize battery production by offering significant advantages over traditional wet coating methods, including reduced costs, lower energy consumption, and decreased CO2 emissions. The dry coating process eliminates the need for solvents, contributing to a more sustainable manufacturing approach. This initiative directly impacts the global coating equipment market by driving advancements in environmentally conscious and efficient battery electrode coating technologies.

• In January 2025, Nordson Industrial Coating Solutions revealed plans for the upcoming introduction of a more energy-efficient end-curing system. This new coating equipment is specifically designed for the precise curing of sealants applied to can ends within the canmaking industry. The anticipated system aims to provide significant energy savings for manufacturing operations. This development demonstrates Nordson’s ongoing efforts to advance specialized coating equipment, thereby contributing to increased operational efficiency and reduced environmental impact in a key industrial application within the global coating equipment market.

• In September 2024, Graco Inc. launched its Stellair ACE and Stellair industrial air spray guns, which are the first such products to receive Ergonomics Performance Certification. These new sprayers were engineered to enhance productivity and significantly reduce fatigue for industrial painters. The Stellair ACE features a lightweight carbon-reinforced polymer construction, while the Stellair, made of aluminum, also offers considerable reductions in muscle exertion compared to conventional models. This product introduction highlights a commitment to improving operator well-being and efficiency within the global coating equipment sector through ergonomic design innovations.

• In August 2024, J. Wagner GmbH introduced the next generation of its manual powder coating systems, the Sprint 2 and Sprint 2 Expert. These updated units combine established components with innovative new features and assistance functions, designed to deliver enhanced results for manual coating applications. Key improvements include a new injector for more consistent powder flow and a digital surface optimizer, which aids operators in achieving superior surface quality. This product launch strengthens WAGNER’s offering in the global coating equipment market by providing advanced, user-friendly solutions for powder coating tasks.

Key Market Players

• Nordson Corporation
• Gema Switzerland GmbH
• J. Wagner GmbH
• Anest Iwata Corporation
• Carlisle Companies Inc.
• The Eastwood Company
• Graco Inc.
• Red Line Industries Limited
• Statfield Equipments Pvt. Ltd.

Report Scope:

In this report, the Global Coating Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Coating Equipment Market, By Product:

o   Speciality Coating Product

o   Powder Coating Product

o   Liquid Coatings Product

• Coating Equipment Market, By Application:

o   Automotive

o   Aerospace

o   Construction

o   Industrial

o   Others

• Coating Equipment Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Coating Equipment Market.

Available Customizations:

Global Coating Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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