Commercial Metal Plating Equipment Market

Global Commercial Metal Plating Equipment Market Size, Share & Trends Analysis Report By Equipment Types (Electroplating Systems, Anodizing Equipment, Galvanizing Lines, and Others), By End User, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23405 Publication Date: July-2024 Number of Pages: 192
2023
USD 345.9 Million
2031
USD 470.3 Million
CAGR
4.1%
Historical Data
2020 to 2022

Market Report Description

The Global Commercial Metal Plating Equipment Market size is expected to reach $470.3 million by 2031, rising at a market growth of 4.1% CAGR during the forecast period.

Countries like China, India, Japan, and South Korea are at the forefront of this growth. China, in particular, is a major hub for manufacturing and has a vast automotive and electronics industry that relies heavily on metal plating. Thus, the Asia Pacific market acquired 39.6% revenue share in the market 2023. Similarly, Japan and South Korea, known for their advanced technology and electronics industries, play a crucial role in driving the market in the Asia Pacific region.

Commercial Metal Plating Equipment Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The incorporation of a protective coating that is able to survive corrosion, abrasion, and extreme environmental conditions is what makes metal plating so important for boosting the performance and longevity of a wide range of automotive components.

Additionally, Metal plating coatings are crucial for ensuring the safety, reliability, and performance of various aerospace components, including engines, landing gear, and structural parts. Commercial aviation is experiencing robust growth, driven by increasing global air travel demand. Therefore, the expansion of the aerospace sector is significantly boosting the demand for metal plating equipment.

However, setting up a metal plating facility involves purchasing advanced equipment, technology, and infrastructure, all of which demand considerable capital expenditure. For instance, state-of-the-art electroplating machines, automation systems, and quality control instruments are necessary to ensure high precision and efficiency in plating processes. Hence, the metal plating industry's substantial initial investment and high operational costs present significant challenges.

Driving and Restraining Factors
Commercial Metal Plating Equipment Market
  • Increasing demand in the automotive industry
  • Advancements in metal plating technologies
  • Expansion of the aerospace sector
  • High initial investment and operational costs
  • Technological challenges and skill gaps
  • Industrial and heavy machinery applications
  • Rising demand in medical devices
  • Competition from alternative technologies
  • Substantial supply chain disruptions

End User Outlook

On the basis of end user, the market is classified into automotive, electronics, aerospace, and others. The electronics segment acquired 32.4% revenue share in the market in 2023. The rising demand for smartphones, tablets, laptops, and other consumer electronics has driven the need for advanced metal plating techniques to ensure high-quality finishes and enhanced durability of electronic components.

Commercial Metal Plating Equipment Market Share and Industry Analysis Report 2023

Equipment Type Outlook

Based on equipment types, the market is characterized into electroplating systems, anodizing equipment, galvanizing lines, and others. The anodizing equipment segment procured 24.6% revenue share in the market in 2023. Anodizing is particularly important for aluminum components, enhancing their corrosion resistance, surface hardness, and ability to retain dyes for aesthetic purposes.

Free Valuable Insights: Global Commercial Metal Plating Equipment Market size to reach USD 470.3 Million by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered 30.2% revenue share in the market in 2023. Technological advancements, strong industrial activities, and a focus on sustainable manufacturing practices drive this region's growth.

Commercial Metal Plating Equipment Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 345.9 Million
Market size forecast in 2031 USD 470.3 Million
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 4.1% from 2024 to 2031
Number of Pages 192
Number of Tables 279
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Equipment Types, End User, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Koch, LLC (Koch Enterprises, Inc.), Progalvano S.r.l., SIFCO ASC, Chicago Plastic Systems, Poliplast Ltd., Sharretts Plating Company, Anoplate Corporation, Lincoln Industries and Arlington Plating Company
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List of Key Companies Profiled

  • Koch, LLC (Koch Enterprises, Inc.)
  • Progalvano S.r.l.
  • SIFCO ASC
  • Chicago Plastic Systems
  • Poliplast Ltd.
  • Sharretts Plating Company
  • Anoplate Corporation
  • Lincoln Industries
  • Arlington Plating Company

Commercial Metal Plating Equipment Market Report Segmentation

By Equipment Types

  • Electroplating Systems
  • Anodizing Equipment
  • Galvanizing Lines
  • Others

By End User

  • Electronics
  • Automotive
  • Aerospace
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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