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):
Global Finishing Solutions LLC
Kawasaki Heavy Industries Ltd.
Nova Verta International SpA
Standard Tools and Equipment Co., Inc.
Staubli International AG
YASKAWA Electric Corp.
Key Topics Covered:
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
Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/i8yrn9
View source version on businesswire.com: https://www.businesswire.com/news/home/20210512005527/en/
Laura Wood, Senior Press Manager
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