Coating equipment can be described as precisely designed to industrialize the liquid gasket coating procedure on mass production lines. According to BlueQuark Research and Consulting, the global Coating Equipment market is expected to grow considerably during the forecasted period. Factors such as swift industrialization and the rise in the construction sector due to the growing population and urbanization are expected to propel the development of the coating equipment market in the forecasted period. Further, the penetration of equipment in the automotive application due to the increasing utilization of technologies like vacuum deposition coating is expected to propel the coating equipment market in the forecast period. Furthermore, increasing demand for coated electronic devices and a focus on protecting car exteriors are expected to drive the coating equipment market in the forecasted period. However, petroleum extracts are the vital base material for making paints and coating materials, and fluctuations in their price directly affect the coating equipment market. A significant growth refraining factor requires more skilled labour to operate new coating equipment.

Coatings are used in various automotive, industrial, building & construction, marine, medical, electrical & electronic, utility, and oil & gas applications.

The increased construction activities worldwide and the requirement to industrialize the liquid gasket coating technique with greater efficiency have led to the widespread adoption of coating equipment in commercial and residential sectors. The widespread adoption of coating equipment across commercial and residential establishments can be assigned to the increasing continuing construction activities across the globe and the demand to industrialize the liquid gasket coating procedure with increased efficiency, along with the inflating disposable revenue, evolving living standards, and growing population. Particularly in emerging economies, they are primarily driving market growth. Additionally, the rising environmental consciousness has facilitated the adoption of electric vehicles (EVs), wherein coating equipment is utilized to impart aesthetic appeal and protect automobile substrates and components against rust and other damages, which, in turn, supports the Coating equipment market growth. Moreover, various product innovations, such as introducing customized coating equipment and significant technological advancements in coating processes to meet the evolving needs of different applications, also contribute to the market growth. Additionally, due to its various beneficial properties, including durability, longevity, and eco-friendly nature, the extensive deployment of powder coating equipment in aluminium window extrusions, door frames, building facades, bathrooms, and electrical fitting. Other factors, such as the rising need for cost-effective coatings systems alternatives and the growing application of heavy machinery in the manufacturing sector, create a positive outlook for the global market.

The Asia Pacific region led the market owing to the growing construction sector, industrial development, high population growth, increase in demand for automobiles, and growing demand for coatings with better efficiency in this region is anticipated to be the key factor for product demand over the forecasted period. Regular innovation and developments in coating processes and equipment are surging the demand for the coating equipment market in different applications. There is a need for customized coating equipment in end-use industries such as aerospace, automotive & transportation, and other end use industry. Coating equipment manufacturers are continuously involved in research and development and developing advanced equipment to meet customer requirements. New technological developments in the market are helping achieve long-lasting coatings and faster coating processes. The development of new types of guns has helped drive the powder coating equipment market. Some manufacturers have developed a coating that reduces air drag and eliminates debris build-up. The development of such new technologies offers opportunities for market players to expand their market with new applications. There is a constant improvement in the manufacturing of automotive components to meet the growing need for delivering high-performance products that consistently meet the industry specification. Reliable performance, minimal maintenance requirements, optimum coating material utilization, and corrosion and UV-resistant coatings are some hot spot value additions provided by using efficient coating equipment in the industry. Due to the altering tendency of the customer, growing demand from the subdivision of automobiles for anti-moisture, long-lasting, and anti-erosion coverings is expected to deliver an optimistic possibility for the development of the automotive industry through Canada. The increasing demand from farming businesses for power and liquid-centred products will likely provide promising options for the growth of the global coating equipment market during the forecast period. Electric vehicles are one of the significant clients of coating equipment. Coatings are essential in protecting the substrates of electric cars and their components from rust and damage. It additionally plays a vital role in imparting aesthetic characteristics to electric vehicles. The growing consumption of coatings and coated electronic devices used in electric cars is one of the significant reasons for driving the demand for coating equipment. Moreover, governments promote electric vehicles by providing incentives for setting up charging stations, subsidies on purchases, and funds for developing electric battery technology because of the increasing climate change concerns. The policies are playing a significant part in the development of electric mobility. Government bodies are establishing targets for adopting electric vehicles and charging stations. In addition, the development of critical technologies regarding the electric car is also enabling substantial cost reduction. This is surging the growth of the electric vehicles industry and, subsequently, fueling the demand for the coating equipment market.

Some market key players are Nordson Corporation, Gema Switzerland GmbH, J. Wagner GmbH, Anest Iwata Corporation, and Carlisle Companies Inc.

In April 2022, Biocoat, Inc, a leading producer of hydrophilic biomaterial coatings and medical equipment coating equipment, announced the release of EMERSE, hydrophilic coating equipment. It provides an in-house dip coating system for medical equipment and completes manufacturing.

Global Coating Equipment Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Coating Equipment Market by segmenting based on Coating Type (Powder Coating, Liquid Coating, and Specialty Coating), End-user Industry (Automotive, Aerospace, Construction, Industrial, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.