According to a new report, published by KBV research, The Global Commercial Metal Plating Equipment Market size is expected to reach $470.3 million by 2031, rising at a market growth of 4.1% CAGR during the forecast period.
The Electroplating Systems segment is leading the Global Commercial Metal Plating Equipment Market by Equipment Types in 2023; thereby, achieving a market value of $189.4 million by 2031. This dominance is driven by the extensive use of electroplating across multiple industries, including automotive, electronics, aerospace, and consumer goods. Electroplating systems enhance metal components' durability, corrosion resistance, and aesthetic appeal. For example, the automotive sector significantly depends on electroplating to enhance the visual appeal and longevity of components such as engine parts, wheels, and bumpers.
The Aerospace segment is anticipating a CAGR of 5% during (2024 - 2031). This sector requires high-performance metal coatings for various components to ensure safety, reliability, and performance under extreme conditions. Metal plating protects aerospace components such as landing gear, turbine blades, and structural parts from corrosion, wear, and high temperatures. The expansion of commercial aviation, increasing aircraft production, and the ongoing need for maintenance, repair, and overhaul (MRO) services have driven the demand for metal plating equipment in the aerospace industry.
Full Report: https://www.kbvresearch.com/commercial-metal-plating-equipment-market/
The Asia Pacific region dominated the Global Commercial Metal Plating Equipment Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $191.4 million by 2031. The North America region is experiencing a CAGR of 3.4% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 3.5% during (2024 - 2031).
By Equipment Types
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