Overview and Scope
Finishing lines are a collection of different pieces of machinery used in product surface treatment (coating). Coatings are extensively employed in a variety of industries for enhancing surface properties.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the finishing lines market share in 2023. The regions covered in the finishing lines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the finishing lines market report are Graco Inc., J. Wagner GmbH, Nordson Corporation, Spray Equipment & Service Center Inc., Wewin Finishing Equipments Private Limited, Reliant Finishing Systems LLC, Blasdel Enterprises Inc., Crescent Bronze Powder Co. Inc., Finish Line Industries Inc., Industrial Finishes and Systems Inc., Valmont Industries Inc., Cornerstone Building Brands Inc., Steel Technologies LLC, Precoat Metals Inc., Worthington Industries Inc., ABB Ltd., Fives Group, Bühler Group, Eisenmann SE, Andritz AG, Cefla Finishing Group S.p.A., Dürr AG, Valco Melton Inc., Colordyne Technologies LLC, Komax Holding AG, X-Rite Incorporated, KraussMaffei Group GmbH, Körber AG, Marel hf., LVD Company nv, Autoliv Inc., Atlas Copco AB, Metso Outotec Corporation, Reiter Group GmbH, FANUC Corporation, Fette Compacting GmbH, Müller Martini Holding AG, Rittal GmbH & Co. KG, Bystronic Laser AG, Krones AG, Marabu GmbH & Co. KG, The Bradbury Co. Inc. .
The finishing lines market report table of contents includes:
1. Executive Summary
2. Finishing Lines Market Characteristics
3. Finishing Lines Market Trends And Strategies
4. Finishing Lines Market – Macro Economic Scenario
5. Global Finishing Lines Market Size and Growth
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31. Global Finishing Lines Market Competitive Benchmarking
32. Global Finishing Lines Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Finishing Lines Market
34. Finishing Lines Market Future Outlook and Potential Analysis
35. Appendix
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