Global Automotive Spray Booth Market Overview:
From the past few years, the automobile industry has witnessed rapid growth and expected to continue in the future. Whereas the automotive spray booth market has high growth prospects due to growing demand for painting, coating, and high-end finishing applications. Factors such as rising demand for automation based coupled with rising consumer spending on automotive sprays that will provide a positive scope for product penetration during the forecasted timeframe. In addition, the major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the automobile industry. Some of the key players profiled in the study are GFS (United States), Dalby (Australia), Blowtherm (United States), USI ITALIA (Italy), Nova Verta (Italy), Zonda (Italy), Fujitoronics (Japan), Spray Tech / Junair (United States), Jingzhongjing (China), Col-Met (United States) and Baochi (France). According to Market Analyst at AMA, the Global Automotive Spray Booth market may see a growth rate of 4.92%
On the basis of geography, the market of Automotive Spray Booth has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. 4S Shop will boost the Automotive Spray Booth market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. OEM (Original Equipments Manufacturer) will boost the Automotive Spray Booth market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Number of Automobiles Worldwide
- Rising Manufacturing Plants and Expanding Existing Units in Developing Countries
- Increasing Demand from Asia-Pacific Region
- Value Oriented Customers
- High Cost Associated with Automotive Spray Booth
- Lack of Investment from Manufacturing Companies
- Applicable of Chemicals in Automotive Spray Booth leads to health Hazardous
- Increasing Adoption of Eco-Friendly Sprays Booth
- Technological Upgradation leads to Boost the Market Growth
- Complex Structure of Paint Booth Hamper the Market Growth
- Threat of Post Maintenance for Automotive Spray Booth
In June 2019, MPE partners have acquired Garmet USA. This acquisition is beneficial for expansion of distribution channels worldwide. They are focused in high-value manufacturing and commercial & industrial services.
“According to UCI Environmental Health & Safety Regulations, the spray booths required inspection and monitoring before installation due to the hazardous nature of flammable materials spraying and combustible liquids.”
In the Automotive spray booth Market, it has been observed that most of the companies are upgrading or introducing an innovative variety of spray booths such as downdraft painting booths and side draft painting booths for home appliances, construction, and automobiles sector. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Target Audience:Automotive Spray Booth Manufacturers, Automotive Spray Booth Suppliers, End-Use Market Participants of Different Segments of Automotive Spray Booth, Government and Research Organizations, R&D Institutions and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Automotive Spray Booth market on the basis of product [Cross Flow Booths, Down Draft Booths, Side Down Draft Booths, open Space Booths and Others] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Spray Booth market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Spray Booth industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are STL (India), Guangzhou GuangLi (China), Spray Systems (United States) and Todd Engineering (United Kingdom).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Spray Booth market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.