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). Industry Updates