Increased demand for metal plating applications in the
automotive industry is fueling the market for electroplating,
galvanizing, and anodizing equipment. The automotive industry is
one of the largest consumers of metal plating technology, utilizing
all zinc-to-gold metal plating equipment available.
WILMINGTON, Del., Aug. 9, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Commercial Metal Plating
Equipment Market by Equipment Type (Electroplating Systems,
Anodizing Equipment, Galvanizing Lines, and Others), and End User
(Automotive, Electronics, Aerospace, and
Others): Global Opportunity Analysis and Industry
Forecast, 2023–2032," According to the report, the
commercial metal plating equipment market was valued at
$349.3 million in 2022 and is
projected to reach $528.9 million by
2032, registering a CAGR of 4.3% from 2023 to 2032.
Prime determinants of growth
Commercial metal plating equipment provides numerous benefits,
such as increased resistance to corrosion, wear, and scratches,
enhanced electrical conductivity, reduced friction, uniform surface
finish, and improved adhesion properties for painting or coating
materials. The automotive industry is the primary user of
electroplating services, followed closely by aviation, defense,
electronics, household appliances, and jewelry sectors. As the need
for durable metals grows and flexible assembly methods become more
prevalent in industries like automotive, aerospace, defense,
electrical, and electronics, the demand for commercial metal
plating equipment is projected to rise. These tools are widely
utilized in various industries for both technological and
decorative purposes.
Request PDF Sample Copy @
https://www.alliedmarketresearch.com/request-sample/A323555
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base
Year
|
2022
|
Market Size in
2022
|
$349.3
Million
|
Market Size in
2032
|
$528.9
Million
|
CAGR
|
5.2 %
|
No. of Pages in
Report
|
290
|
Segments
covered
|
Equipment type, End
user, and region
|
Drivers
|
Increase in demand for
commercial metal plating application in automotive
Growth in demand for
customized metal finishes
Increase in demand for
consumer electronics
|
Opportunities
|
Advancements in
commercial metal plating technologies
|
Restraints
|
Concern regarding the
environmental impact and health issues
|
The electroplating systems segment maintains its leadership
status throughout the forecast period.
By equipment type, the electroplating
systems segment held the highest market share in 2022,
accounting for more than two-fifths of the commercial metal
plating equipment market revenue and is estimated to maintain
its leadership status throughout the forecast period. Many
improvements and breakthroughs in electroplating have boosted the
efficiency of pulse and pulse reverse techniques. Pulse plating
generates electromagnetic pulses by cyclically switching the
current on and off at varying intervals. This concept is taken a
step further with pulse reverse plating, where the polarity of the
electrical current is switched during each pulse cycle. The
development of new electrolyte formulations has enhanced efficiency
and eco-friendliness, broadening the scope of pulsed
electroplating. Furthermore, the advancement of sophisticated
process controllers and monitoring devices has allowed for precise
management of electroplating parameters, ensuring consistent
attainment of desired finish characteristics.
Buy This Research Report (290 Pages PDF with Insights,
Charts, Tables, Figures) @
https://www.alliedmarketresearch.com/checkout-final/431d8f8b2223b9efb629a610e765693e
The electronics segment maintains its leadership status
throughout the forecast period.
By end user, the electronics segment held the
highest market share in 2022, accounting for nearly one-third of
the commercial metal plating equipment market revenue and
is estimated to maintain its leadership status throughout the
forecast period. The growing need for compact electronic devices is
driving the necessity for advanced plating techniques. Industrial
metal plating equipment enables the precise deposition of thin
layers on microelectronic components, facilitating the
miniaturization and integration of electronic circuits and
devices.
The Asia-Pacific maintains
its leadership status throughout the forecast period.
By region, the Asia-Pacific held the highest market share in
2022, accounting for around two-fifths of the commercial metal
plating equipment market revenue and is estimated to maintain
its leadership status throughout the forecast period. The metal
plating market in the Asia-Pacific
region is witnessing substantial growth, driven by several factors
that are shaping the industry. A key driver is the thriving
automotive and electronics sectors in the region. With the
automotive industry expanding and electronics becoming an essential
part of everyday life, there is a growing need for metal plating
processes to enhance the durability, appearance, and performance of
components and parts used in these sectors. Metal plating plays a
vital role in providing corrosion resistance, improved
conductivity, and aesthetic appeal to various metal components used
in vehicles and electronic devices, thereby driving the market's
growth.
Inquire Before Buying @
https://www.alliedmarketresearch.com/purchase-enquiry/A323555
Top Players:
- Technic Inc.
- Progalvano S.r.l.
- Chicago Plastic Systems
- KOCH, LLC.
- THE BRONX GROUP
- Poliplast Ltd.
- MKS Instruments, Inc
- Germarel GmbH
- Tri-Mer Corporation
- SIFCO ASC
The report analyzes government regulations, policies, and
patents to provide information on the current market trends and
suggests future growth opportunities. Furthermore, the study
highlights Porter's five forces analysis to determine the factors
affecting market growth.
Trending Reports in Commercial Industry (Book Now with 15%
Discount):
Commercial Heating Equipment Market is projected to
reach $25.6 billion by 2032.
Industrial Heating Equipment Market is projected
to reach $72.4 billion by
2032.
Metal Structural Insulation Panels Market is
projected to reach $68.3 billion by
2031.
CNC Metal Cutting Machine Market is projected to
reach $83,364.4 million by
2030
Electric Heating Equipment Market Global Opportunity
Analysis and Industry Forecast, 2023-2032
Heating Equipment Market Global Opportunity Analysis and
Industry Forecast, 2023-2032
Metal Shredder Machine Market Global Opportunity Analysis and
Industry Forecast, 2023-2032
About us:
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Wilmington, Delaware. Allied
Market Research provides global enterprises as well as medium and
small businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a targeted
view to provide business insights and consulting to assist its
clients to make strategic business decisions and achieve
sustainable growth in their respective market domain.
We are in professional corporate relations with various
companies, and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high quality of data and help clients in every way
possible to achieve success. Each and every data presented in the
reports published by us is extracted through primary interviews
with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Follow Us on | Facebook
| LinkedIn | YouTube
Read More: https://medium.com/@patilrash95
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/commercial-metal-plating-equipment-market-to-reach-528-9-million-globally-by-2032-at-4-3-cagr-allied-market-research-302217915.html