May 12, 2021   SOURCE: BusinessWire

$1.8 Billion Worldwide Paint Booth Global Market to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

The "Paint Booth - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Paint Booth estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 3.9% over the period 2020-2027.

Automotive, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Automotive segment is readjusted to a revised 2.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $526.2 Million, While China is Forecast to Grow at 3.6% CAGR

The Paint Booth market in the U.S. is estimated at US$526.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$413.8 Million by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 34 Featured):

  • ABB Ltd.
  • Airblast Eurospray
  • Blowtherm USA
  • Durr AG
  • Eisenmann SE
  • FANUC Corp.
  • Giffin, Inc.
  • Global Finishing Solutions LLC
  • Kawasaki Heavy Industries Ltd.
  • Nordson Corp.
  • Nova Verta International SpA
  • RelyOn Technologies
  • Standard Tools and Equipment Co., Inc.
  • Staubli International AG
  • YASKAWA Electric Corp.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 34

For more information about this report visit https://www.researchandmarkets.com/r/i8yrn9