Surge in corrosion challenges faced by the automotive and oil and gas industries is anticipated to drive robust sales of paint booths. Future Market Insights delves deep into the market to bring forth dynamics ruling through 2033.
NEWARK, Del., Sept. 19, 2023 /PRNewswire/ -- By 2023, the global paint booth market is anticipated to total around US$ 595.0 million. By 2033, it is projected to reach about US$ 1.0 billion.
From 2023 to 2033, the paint booth market is anticipated to surge at a CAGR of 5.7%. It is anticipated to reach a valuation of US$ 441.0 million.
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Technological Advancements and Regional Demand for Robotic Paint Booths:
Europe is the leading center for technological development in this space. Key players in the regional paint booth sector anticipate modern robotic paint booths. Such cutting-edge booths will likely offer unequaled precision and consistency in applying paint.
Regional Insights of Paint Booth Market by 2033:
Countries | Market Value (2033) |
United States Paint Booth Market | US$ 175.5 million |
United Kingdom Paint Booth Market | US$ 40.8 million |
China Paint Booth Market | US$ 137.6 million |
Japan Paint Booth Market | US$ 91.9 million |
South Korea Paint Booth Market | US$ 59.7 million |
Robotic pain stations also aid in regulating the pattern, pressure, and distance at which sprays are released from the surface. These can also guarantee that businesses uphold high standards by providing uniform designs.
New robotic paint booths can be trained to apply paint and varnish precisely. Their remarkable adaptability is projected to increase their demand across industries in Germany, Italy, and the United Kingdom. They are designed to minimize physical intervention and make it simple for businesses to change the parameters, angles, and spray patterns.
The well-established oil & gas industry in the Middle East and Africa is expected to create a huge demand for paint booths. Structures and equipment in the oil & gas sector are frequently exposed to corrosive substances and high temperatures. By applying specific coatings, paint booths are anticipated to prevent corrosion on expensive assets.
Offshore platforms and structures exposed to hazardous marine environments are necessary for several oil & gas operations. Hence, renowned businesses might use paint booths to create distinctive maritime coatings that protect offshore installations from corrosion and salinity.
Key Takeaways from the Paint Booth Market Study
- The United States paint booth industry is likely to exhibit a CAGR of 5.6% from 2023 to 2033.
- The United Kingdom paint booth industry is projected to top US$ 40.8 million in the paint booth industry by 2033.
- Japan paint booth industry witnessed a considerable CAGR of 7.5% in the historical period.
- South Korea paint booth industry is anticipated to record a CAGR of 6.0% in the assessment period.
- Based on type, the downdraft paint booth segment will likely register a CAGR of 5.5% in the review period.
- In terms of application, the automotive segment is set to witness a CAGR of 5.3% from 2023 to 2033.
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"Conventional paint booths might not meet the new filtration and emission criteria since environmental regulations are tightening more than ever. Hence, businesses might use cutting-edge emission control and filtering technology in their current paint booths. This is intended to assist in avoiding excessive fines and penalties and in adhering to regulations." – Says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
Leading manufacturers of paint booths are primarily concentrating on the creation of cutting-edge, environmentally sustainable, and productive products. In order to comply with environmental regulations and improve paint application, they are incorporating technologies such as intelligent controls, filtration systems, and energy-efficient lighting.
A number of paint booth producers are investing in fresh plans and innovations that can lessen paints' negative effects on the environment and cut emissions. To draw customers, they would use low-volatile organic compound (VOC) coatings and energy-efficient equipment.
For instance,
- The Mohammed Bin Rashid Aerospace Hub (MBRAH) and Satys Aerospace have extended their agreement to build a second paints terminal at Dubai South-Al Maktoum International Airport (DWC) through September 2023. The state-of-the-art hangar is expected to start in January 2025. As a result, Satys would now manage 39 aircraft paint bays across 13 countries in the Middle East, Europe, Asia, and North America.
- Isuzu East Africa announced in June 2023 the inauguration of a state-of-the-art paint plant to boost domestic auto production capacity. The newly built Electro Deposition Paint Plant is intended to increase the local car industry's assembly capacity. The paint plant has allowed Isuzu to increase its yearly manufacturing capacity from 11,000 to 18,000 vehicles, a rise of more than 60%.
Find More Valuable Insights into Paint Booth Market
The research report analyzes the demand for paint booths. The global paint booth market has been analyzed with the COVID-19 impact, several macroeconomic factors, market trends, and market background. As per Future Market Insights (FMI), the market has been analyzed based on type (downdraft, cross draft, side draft, semi downdraft, and other), application (automotive, industrial, aerospace, construction, and other), and region. The report provides qualitative and quantitative information on diverse players in this market. This report also tracks the market by both, supply-side and demand factors.
About the Industrial Automation Division at Future Market Insights (FMI)
The industrial automation division of Future Market Insights (FMI) offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
Explore FMI's Extensive Coverage in Industrial Automation Domain:
Painting Robots Market: The painting robots market is estimated to be valued at US$ 4.5 billion in 2023, and is expected to total to US$ 11 billion by 2033. The adoption of painting robots is likely to advance at a CAGR of 9.3% during the forecast period.
Clad Pipe Market: The clad pipe market is anticipated to increase from US$ 2,560.6 million in 2023 to US$ 3,938.7 million by 2033. According to FMI, the market is anticipated to develop at a CAGR of 4.4% over the course of the projected period.
Spray Booth Ventilation System Market: Spray Booth Ventilation System Market is expected to reach ~US$ 800 Mn in 2032, to surge at CAGR of 3.1% during forecast period of 2022-2032
About the Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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