Global Finishing Lines Market Analysis 2024 – Estimated Market Size And Key Drivers

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The Finishing Lines by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Finishing Lines , The finishing lines market size has grown strongly in recent years. It will grow from $7.28 billion in 2023 to $7.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to customer expectations and industry shifts, advancements in application techniques, quality control and efficiency enhancement, globalization and market expansion, environmental regulations and sustainability..

The finishing lines market size is expected to see strong growth in the next few years. It will grow to $9.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, advancements in coating materials and techniques , rise in customization demands, automation and robotics integration, global market expansion.. Major trends in the forecast period include material innovation and adaptability, safety and compliance focus, digitalization and data-driven solutions, automation and robotics, advanced coating technologies..

The growth of the automotive sector is expected to propel the growth of the finishing lines market going forward. The automotive sector is involved in the manufacturing and sale of vehicles and includes conventional as well as electric vehicles. Automotive body shops and repair facilities use coatings with polyurethane, acrylic, or alkyd bases as refinishing agents. In the automotive sector, finishing lines are utilized in the finishing of car parts such as bumpers, dashboards, and other components. For instance, in May 2022, according to the International Energy Agency’s (IEA) report, a France-based autonomous intergovernmental organization, as per 2020 data, electric vehicle sales reached 6.6 million in 2021. Further, in the first quarter of 2022, EV sales reached 2 million, a 75% increase compared to the first three months of 2021. Therefore, the growth of the automotive sector is driving the growth of the finishing lines market going forward.

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The finishing lines market covered in this report is segmented –

1) By Component: Pre-Treatment Plants, Ovens, Paint Booths, Conveyor Systems, Control Systems, Other Components

2) By Application: Automotive Parts, Engine And Motors, Electronics And Control Panels, Furniture, Machinery, Household Appliances, Other Applications

Technological advancements have emerged as a key trend gaining popularity in the finishing line market. Major companies operating in the finishing lines sector are focused on introducing new technologies to gain a competitive advantage. For instance, in May 2022, PRATI, an Italy-based finishing solutions provider, launched the DIGIFASTONE, a digital finishing line based on the FUTURA by Prati DIGIFASTone technology. This technology stands out for its entirely modular design, availability in S-D or D-S configurations, and ability to install digital finishing and laser die-cutting machines according to requirements. They are production lines built on the “FUTURA by Prati” technology, which establishes the benchmark for the next generation of finishing options in line with industry 4.0 requirements.

The finishing lines market report table of contents includes: