Global finishing line sales hit $7.1 billion in 2021. It's expected to grow at a CAGR of 5% during the forecast period of 2023 to 2030. Finishing lines are groups of machines used to coat or treat surfaces. Coatings are used in many industries, including automotive, electronics, aerospace, oil and gas, mining, maritime, and power generation. For large production, fast, adaptable surface treatment machinery is necessary. The global finishing line market is expected to rise due to the demand for bespoke designs and paints, especially in the automotive industry. Companies are modifying their facility plans and products to better suit client needs by offering integrated booth/ovens and pre-treatment and e-coat systems. Quality, cost, and the environment affect the use of finishing lines. Finishing lines companies are developing unique goods and technology, such as automatic cutting tape machines, to please end-users.
The finishing line's qualities make it perfect for accurately completing components of varying sizes. High-quality finishes mean less rework, which reduces production deadline stress. Finish lines operate 24 hours a day, 7 days a week, even in severe weather. Heavy-duty frames provide uninterrupted operation. They're ideal for enterprises with three shifts. This helps companies maximize productivity and minimize downtime. Finishing lines were designed for metal fabricators to improve operating efficiencies and part consistency. Finishing lines offer a space-saving, all-in-one solution for finishing products, using intelligent design and high-quality components.
Metal finishing is a crucial stage in plating and painting. Environmental concerns drive plating and painting industry R&D. In the plating industry, cyanide, cadmium, and hexavalent chromium are often used. Concerns regarding VOCs and dangerous air pollutants have led to the development of alternative painting processes. Powder coating will certainly become more popular soon. It's made advancements in liquid coatings. It's also used for decorative plating. Demand for metal finishing is expected to enhance the global market for finishing lines. The finishing line market is dominated by small enterprises located near production locations.
Automobiles drive demand for metal coatings. Automotive finishing is a popular method for protecting the metal components of cars. Automotive refinish coatings include polyurethane, acrylics, and alkyds. Auto body shops and repair facilities use these coatings. New and second-hand passenger and commercial cars are coated to hide body damage from high temperatures, accidents, and stone chips. The global expansion of the automobile sector drives the finishing line market. Growing traffic accidents and wrecks have increased the significance of preventative and corrective procedures like repair and maintenance. This boosts the finishing line market. Coatings used in automobile refining boost heat, temperature, corrosion resistance, and surface protection. Product innovations, like as eco-friendly refinish coatings, are also increasing the automotive refining coatings market. Automotive refining coatings use organic chemicals. They cure faster and emit less VOCs. In the not-too-distant future, the finishing line market share will be driven by increased customer expenditure and RV demand.
Pre-treatment plants, ovens, paint booths, conveyor systems, and control systems are among the components of finishing lines. Ovens held 35% of the finishing lines market in 2021, making it the most profitable subsegment. Comparatively, industrial ovens are in high demand. Industrial ovens heat and dry. In numerous sectors, they're used to heat-treat, cure, dry, and strengthen materials. Tempering metals and glass often uses industrial ovens. The application determines the temperature range, size, and construction of industrial ovens. Industrial ovens cure, dry, temper, anneal and bake materials, parts, and final products. One of the most noteworthy advancements in the industrial oven market is the increasing use of continuous-line ovens, which allow many activities to take place simultaneously throughout processing.
In 2021, the automotive sector held 31% of the worldwide finishing line market. Automotive uses metal finishing extensively. This coating protects vehicle parts from rust and premature wear and improves their look, increasing their value. Companies that execute "high value-added" or "poor value-added" metal finishing may affect the industry's competitive future. Growth of the automotive sector and the economy are expected to drive demand for metal finishing services in the auto industry.
Asia Pacific accounted for 60% of finishing line revenue in 2021. In the near future, the Asia-Pacific finishing line market is expected to grow rapidly. This development will be driven by a rise in electrical and electronic goods output and heavy equipment demand. China is a major finishing line market in Asia-Pacific. Europe's revenue share was 18% in 2021. Emerging technologies are expected to boost the finishing lines business in the region. Energy efficiency improvements are driving the finish line accessories market in Europe. Middle East, Africa, and Latin America are small finishing line markets.
The global finishing line market is dominated by large and small service providers. Most organizations are executing business strategies and have a keen focus on R&D. These efforts aim to produce eco-friendly finishing lines. The finishing line market was analyzed, and prominent competitors expanded their product ranges and engaged in mergers and acquisitions. Graco Inc., J. Wagner GmbH, and Nordson Corporation are industry leaders. Ronatec acquired Metalx Specialty Products Inc. in January 2023. Ronatec specializes in metal finishing products and process equipment.
