Industrial Spraying Equipment Manufacturing in the US - Industry Market Research Report

Industrial Spraying Equipment Manufacturing in the US - Industry Market Research Report
Industrial Spraying Equipment Manufacturing in the US

Industrial spraying equipment manufacturers produce machinery that apply coatings, finishes and paints to industrial products through aerospace, automotive and consumer industries. The industry correlates closely to the manufacturing and construction sectors; both sectors plummeted during the pandemic, particularly as consumer uncertainty and weak industrial production piled onto the manufacturing sector's decline. Construction markets provided no reprieve as interest rates climbed in 2022 and 2023. Foreign manufacturers also flooded the market, filling domestic production pitfalls and undercutting domestic prices. Overall, revenue has been declining at a CAGR of 6.1% over the past five years, and is expected to reach $1.4 billion in 2023. This includes a 0.5% drop in 2023.

This industry primarily manufactures industrial spraying equipment used to coat products such as automobiles, appliances, furniture and other industrial and consumer products. Industrial spraying equipment used for commercial construction purposes is also included. This industry excludes sprayers used for agricultural purposes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.