The global coating equipment market is expected to reach USD 22.23 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application.
Robust growth in the consumption owing to rising government spending, fast-growing population, and continued progress on infrastructure projects in Middle Eastern economies is likely to augment product utilization in the residential sector.Africa residential sector is expected to witness growth on account of increasing foreign direct investments and rising consumer’s willingness to spend.
Governments of Middle East have framed favourable policies to promote investments in the automotive sector. In addition, expansion of road networks along with urban population growth has played a crucial role in increasing sales of automotive vehicles in Middle East countries such as Saudi Arabia and United Arab Emirates.
The global coating equipment market is expected to witness significant competitive rivalry due to the presence of numerous players across the industry. As a result of changing consumer trend, various companies are launching new products to expand their product offerings and put up with the competition in the market.
Full Research Report On Global Coating Equipment Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/coating-equipment-market
Further key findings from the study suggest:
Browse More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global coating equipment market on the basis of product, application, and region:
Coating Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)
Coating Equipment Application Outlook (Revenue, USD Million, 2014 - 2025)
Regional Outlook (Revenue, USD Million, 2014 - 2025)
Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-coating-equipment-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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