The increasing need in the automotive sector will play a significant role in the growth of the commercial metal plating market in the projected timeframe. Metal plating serves as a protective barrier that minimizes friction and prevents surface oxidation. By coating non-metallic surfaces with metal, the characteristics of the object's surface are altered. Apart from offering resistance against wear, corrosion, and abrasion, metal coating is sometimes employed to modify the appearance of components. Furthermore, metal plating enables inexpensive metals to resemble higher-quality metals. Various industries, including automobiles, airplanes, electronics, and others, are now utilizing metal plating at an unprecedented rate.
The primary objective of commercial metal plating equipment is to provide corrosion resistance, improved aesthetics, and increased durability to metal parts. The demand for high-quality surface finishing is particularly evident in sectors such as aerospace and consumer goods, which drives innovation, sustainability, and compliance with stringent regulations. Electroplating adds a metal layer to a substrate, galvanizing offers a protective zinc coating, and anodizing forms a durable oxide layer. These techniques cater to a wide range of industrial requirements, spanning from automotive to electronics.
The market for electroplating, galvanizing, and anodizing equipment is experiencing a surge in demand due to the increasing need for metal plating applications in the automotive industry. This industry is a major consumer of metal plating technology, making use of various equipment options ranging from zinc to gold plating. Additionally, plastic metal plating is also employed in modern vehicles to chrome-plate lightweight components. Automobile manufacturers are constantly exploring ways to safeguard their products from corrosion and oxidation, even with the rapid growth of the industry. Furthermore, the electrification process is widely adopted in numerous automobile components.
By Equipment Types, the electroplating systems segment had the largest revenue in 2022. Numerous advancements and innovations in electroplating have enhanced the effectiveness of pulse and pulse reverse techniques. Electromagnetic pulses are produced in pulse plating when a current is cyclically turned on and off at irregular intervals. The idea is further developed by pulse reverse plating, which switches the electrical current's polarity during each pulse cycle. New electrolyte formulations have been developed to improve efficiency and environmental friendliness, expanding the possibilities of pulsed electroplating. Additionally, the evolution of advanced process controllers and monitoring equipment has enabled precise control over electroplating parameters, ensuring consistent achievement of desired finish characteristics.
By End User, the electronics segment had the largest revenue in 2022. The demand for customized and personalized vehicles from consumers is another factor boosting the need for metal plating equipment, as it allows for the application of custom finishes and colors to suit a wide range of aesthetic preferences. Metal plating equipment is being utilized for various coatings such as chrome, nickel, and zinc-nickel to achieve this goal. The increasing popularity of electric vehicles is also driving the need for specialized coatings to cater to the unique requirements of EV components such as battery enclosures and electric drivetrain parts. Moreover, automakers are concentrating on lightweighting strategies to enhance fuel efficiency, with the help of metal plating equipment to apply lightweight coatings such as aluminum and magnesium alloys.
By Region, the Asia-Pacific region had the largest revenue in 2022. One of the primary drivers is the booming automotive and electronics sectors in the region. As the automotive industry continues to expand and electronics become an integral part of daily life, there is an increasing demand for metal plating processes to enhance the durability, appearance, and performance of components and parts used in these sectors. Metal plating plays a crucial role in providing corrosion resistance, improved conductivity, and aesthetic appeal to various metal components used in vehicles and electronic devices, thus fuelling the market's growth.
The commercial metal plating equipment market is segmented on the basis of equipment type and end user. Depending upon the equipment type, the market is categorized into electroplating systems, anodizing equipment, galvanizing lines, and others. On the basis of end user, it is divided into automotive, electronics, aerospace, and others. based on region it is divided into North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
Key companies profiled in the Commercial metal plating equipment market include Technic Inc., Progalvano S.r.l., Chicago Plastic Systems, KOCH, LLC., THE BRONX GROUP, Poliplast Ltd., MKS Instruments, Inc, Germarel GmbH, Tri-Mer Corporation, and SIFCO ASC.Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging commercial metal plating equipment market trends and dynamics.
- In-depth commercial metal plating equipment market analysis is conducted by constructing market estimations for key market segments between 2022 and 2032.
- Extensive analysis of the commercial metal plating equipment market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The commercial metal plating equipment market forecast analysis from 2022 to 2032 is included in the report.
- The key players within the commercial metal plating equipment market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the commercial metal plating equipment industry.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Manufacturing Capacity
- End user preferences and pain points
- Investment Opportunities
- Product Benchmarking / Product specification and applications
- Product Life Cycles
- Technology Trend Analysis
- Average Consumer Expenditure
- Consumer Preference and Product Specifications
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Expanded list for Company Profiles
- Historic market data
Key Market Segments
By Equipment Types
- Electroplating Systems
- Anodizing Equipment
- Galvanizing Lines
- Others
By End User
- Automotive
- Electronics
- Aerospace
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- MKS Instruments, Inc.
- Germarel GmbH
- SIFCO ASC
- Chicago Plastic Systems
- Technic Inc.
- Poliplast Ltd.
- Tri-Mer Corporation
- KOCH, LLC.
- THE BRONX GROUP
- Progalvano S.r.l.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Companies Mentioned
- MKS Instruments, Inc.
- Germarel GmbH
- SIFCO ASC
- Chicago Plastic Systems
- Technic Inc.
- Poliplast Ltd.
- Tri-Mer Corporation
- KOCH, LLC.
- THE BRONX GROUP
- Progalvano S.r.l.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 290 |
Published | May 2024 |
Forecast Period | 2022 - 2032 |
Estimated Market Value ( USD | $ 349.3 million |
Forecasted Market Value ( USD | $ 528.9 million |
Compound Annual Growth Rate | 4.3% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |