Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Coating Equipment Market | Page 2

equipment and is expected to drive the market for coating equipment. Moreover, R&D
activities to develop advanced equipment also spur the growth of the market. Technological
advancement such as sputtering and ion deposition in the equipment which provides high
quality and precision is expected to drive the market. However, these advancements have
resulted in high costs of installation and maintenance and are expected to restrict the growth of
the market. The high cost of manufacturing coupled with the rise in the price of crude oil which
is used as raw material in the coating process and other raw materials such as plastics, metal
parts, electric components and electronic circuits are restraints to the market.
Segmentation
The global coating equipment market has been segmented based on type, and end-user. By
type, the market has been segmented into liquid coating equipment, powder coating
equipment, and specialty coating equipment. By end-users, the market has been segmented
into automotive, aerospace, industrial, and construction.
Regional Analysis
The principal markets of the global coating equipment market are North America, Europe, Asia
Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is foreseen to be the largest market for
coating equipment owing to ongoing industrialization in the region and escalated demand for
consumer appliances. Moreover, the region is attracting international market players for the
setup of manufacturing units due to overall low operating costs and availability of
comparatively cheap labor. China is the principal contributor in the region. North America
market is also consolidated due to the presence of heavy industries in the region. Europe is a
significant market due to the concentration of many prominent market players.
Competitive Landscape
The global coating equipment market is highly competitive with the presence of few significant
players. The key vendors operating in the market include Nordson Corporation (U.S.), Graco Inc.
(U.S.), IHI Ionbond AG (Switzerland), SATA GmbH & Co. KG. (Germany), Anest Iwata (Japan), and
O.C. Oerlikon (Switzerland).
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