New York, NY — 11/09/2017 — Persistence Market Research analyzes the global powder coating equipment market over an eight-year period, 2016-2024. According to a recent report outlook titled “Powder Coating Equipment Market: Global Industry Analysis and Forecast, 2016 – 2024,” the US$ 2,127.7 Mn market for powder coating equipment is likely to expand moderately over the forecast period, reaching a value of US$ 3,275.2 Mn by 2024 end.
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On the basis of regional analysis, with a gain of over 250 BPS during the assessment period, APAC will retain the top regional market position. This region will account for nearly 38% share of the total revenues in 2024. China, India, and ASEAN countries will remain the prominent markets within APAC. North America will also be a key market, followed by Europe.
Among the leading companies profiled in Persistence Market Research's global powder coating equipment market report, tier 1 companies will continue to capture around half of the market revenue share.
Some of the key players partaking in the market are Nordson Corporation, Gema Switzerland GmbH, Sames Technologies, J. Wagner GmbH, Nihon Parkerizing Co. Ltd., and MS Oberflächentechnik AG. A few other notable companies include Asahi Sunac Corporation, Koryo Coating Machine Industrial Co. Ltd., Mitsuba Systems (India) Pvt. Ltd., and Hangzhou Color Powder Coating Equipment Co., Ltd.
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