DUBLIN--(BUSINESS WIRE)--The "Metal Finishing Equipment Market Research Report: By Type, Regional Insight - Global Industry Size, Share Analysis and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The metal finishing equipment market is expected to advance at a 4.9% CAGR during the forecast period and reach $17,617 million by 2024.
Owing to the increasing disposable income of the middle-class population in emerging countries, the purchasing power of individuals has improved. This is resulting in an increase in the demand for personal vehicles as well as affordability of air travel, thereby driving the requirement for metal finishing equipment in the automotive and aerospace industries, respectively.
Due to the environment-friendliness of the metal finishing process reducing operational costs due to recent advancements in metal finishing technologies, the metal finishing equipment market is expected to witness significant growth in the forecast period. Few of these technologies are hot-dip galvanization and laser cladding technique, which provide metal components with resistance against wear and tear, corrosion, and tarnish. The deployment of these technologies in the growing manufacturing sectors in several developing countries, such as India and China, is projected to add to the growth of the market.
The metal finishing equipment market, based on type, is categorized into hybrid, inorganic, and organic metal finishing. As the inorganic metal finishing equipment is widely used in aerospace and automotive component finishing, this category accounted for the largest market share. To protect the critical aerospace components from damage, aerospace plating is done. Further, to protect vehicles from wear and tear associated with weather conditions and daily use, automotive manufacturers use the metal finishing process.
The subdivisions of the inorganic metal finishing equipment market are cladding, galvanization, electroless plating, vibratory/mass, electroplating, anodizing, conversion coating, electropolishing, and others. During the historical period, the largest market share was registered by the electroplating subdivision. Protection against premature failure of critical components and corrosion in the aerospace, electronics, and automotive industries and during metal fabrication is provided by electroplating. Therefore, the demand for electroplating equipment in various industries is set to experience growth in the forecast period owing to their need to keep up with the increasing demand for electroplating.
In 2018, more than 55.0% market share was held by APAC by generating the largest demand for metal finishing equipment. This can be attributed to the presence of large-scale manufacturing facilities in many regional countries. The advanced consumer electronics industry in countries such as South Korea, Taiwan, China, Malaysia, and Japan and the expanding automotive industry in Japan, China, and India have been the major influencers in the metal finishing equipment market growth. This is supported by the fact that China, Japan, and India held the 1st, 3rd, and 4th positions in motor vehicle production, respectively, in 2018.
The key players in the metal finishing equipment market are Nordson Corporation, Atotech Deutschland GmbH, OTEC Prazisionsfinish GmbH, Plating Equipment Ltd., Techno-Commerz Hau-Klenner GmbH, Garboli, Dey Brothers & Company, Mass Finishing Incorporated, ClassOne Technology Inc., Jason Industries Inc., and Rosler Oberflachentechnik GmbH.
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
220.127.116.11 Inorganic metal finishing
18.104.22.168.6 Conversion coating
22.214.171.124.7 Electroless plating
126.96.36.199 Organic metal finishing
188.8.131.52 Hybrid metal finishing
4.2 Value Chain Analysis
4.3 Market Dynamics
184.108.40.206 Technological advancements in metal finishing processes
220.127.116.11 Growing shift toward electroless nickel plating
18.104.22.168 Growing automotive industry
22.214.171.124 Increasing demand in aerospace industry owing to critical nature of components
126.96.36.199 Expanding middle-class population in emerging countries
188.8.131.52 Impact analysis of drivers on market forecast
184.108.40.206 Growing environmental concerns
220.127.116.11 Impact analysis of restraints on market forecast
18.104.22.168 Industrialization in developing countries
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.1.1 Inorganic Metal Finishing Equipment, by Type
5.2 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Competitive Benchmarking of Key Players
11.3 Strategic Developments of Key Players
11.4 List of Customers
Chapter 12. Company Profiles
12.1 Atotech Deutschland GmbH
12.1.1 Business Overview
12.1.2 Product & Service Offerings
12.2 Plating Equipment Ltd.
12.4 Mass Finishing Incorporated
12.5 Rosler Oberflachentechnik GmbH
12.6 Jason Industries Inc.
12.7 ClassOne Technology Inc.
12.8 Dey Brothers & Company
12.9 Techno-Commerz - Hau-Klenner GmbH
12.10 OTEC Prazisionsfinish GmbH
12.11 Nordson Corporation
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