The North America Commercial Metal Plating Equipment Market is projected to witness market growth of 3.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Commercial Metal Plating Equipment Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $97.16 millions by 2031. The Canada market is experiencing a CAGR of 5.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.8% during (2024 - 2031).
The automotive industry is one of the largest consumers of metal plating equipment. Metal plating is extensively used in the automotive sector to enhance various components' durability and aesthetic appeal. This includes everything from engine parts and transmission components to exterior trims and decorative elements.
Additionally, aesthetic considerations are paramount in the automotive industry. Consumers increasingly demand vehicles with high visual appeal, often achieved through decorative metal plating on parts like grilles, emblems, and interior accents.
The market in North America is experiencing significant growth, particularly due to the expansion of the aerospace sector. The demand for advanced metal plating equipment is driven by various factors specific to different nations within the region. According to the Federal Aviation Administration (FAA), the U.S. aerospace industry will grow significantly over the coming years. The FAA Aerospace Forecast for FY 2025-2044, annual growth for ASM and RPM are forecast to grow at 2.8 percent, while enplanements will grow at a rate of 3.1 percent, driven by economic fundamentals and increased demand for air travel.
The US market dominated the North America Commercial Metal Plating Equipment Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $97.16 millions by 2031. The Canada market is experiencing a CAGR of 5.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.8% during (2024 - 2031).
The automotive industry is one of the largest consumers of metal plating equipment. Metal plating is extensively used in the automotive sector to enhance various components' durability and aesthetic appeal. This includes everything from engine parts and transmission components to exterior trims and decorative elements.
Additionally, aesthetic considerations are paramount in the automotive industry. Consumers increasingly demand vehicles with high visual appeal, often achieved through decorative metal plating on parts like grilles, emblems, and interior accents.
The market in North America is experiencing significant growth, particularly due to the expansion of the aerospace sector. The demand for advanced metal plating equipment is driven by various factors specific to different nations within the region. According to the Federal Aviation Administration (FAA), the U.S. aerospace industry will grow significantly over the coming years. The FAA Aerospace Forecast for FY 2025-2044, annual growth for ASM and RPM are forecast to grow at 2.8 percent, while enplanements will grow at a rate of 3.1 percent, driven by economic fundamentals and increased demand for air travel.
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
Market Report Segmentation
By Equipment Types- Electroplating Systems
- Anodizing Equipment
- Galvanizing Lines
- Others
- Electronics
- Automotive
- Aerospace
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Commercial Metal Plating Equipment Market by Equipment Types
Chapter 5. North America Commercial Metal Plating Equipment Market by End User
Chapter 6. North America Commercial Metal Plating Equipment Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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
Methodology
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