'NEW YORK, Dec. 9, 2022 /PRNewswire/ -- The electroplating market size is forecasted to increase by USD 6,133.61 million from 2022 to 2027, at a CAGR of 6.97%, according to the recent market study by Technavio. The growth of the market will be driven by the rising demand for electroplating applications in the automotive industry, economic growth in China and India, and the increasing demand for electroplating in industrial applications.
Technavio categorizes the global electroplating market as a part of the industrial machinery market, which covers companies engaged in the manufacturing of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.
Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report
Technavio has extensively analyzed 15 major vendors, including Aalberts NV, Allied Finishing Inc., Bajaj Electroplaters, Birmingham Plating Co. Ltd., Dr.Ing. Max Schlotter GmbH and Co. KG, Interplex Holdings Pte. Ltd., J and N Metal Products LLC, Jing Mei Industrial Ltd., Klein Plating Works Inc., Kuntz Electroplating Inc., L. Possehl and Co. mbH, MKS Instruments Inc., Peninsula Metal Finishing Inc., Pioneer Metal Finishing LLC, Sharretts Plating Co. Inc., Sheen Electroplaters Pvt Ltd., Summit Plating, Tanaka Holdings Co. Ltd., and Toho Zinc Co. Ltd.
Key benefits for industry players and stakeholders –
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and NEUTRAL.
Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the electroplating market by industry experts to evaluate and develop growth strategies.
The market is segmented by type (barrel plating, rack plating, continuous plating, and line plating) and end-user (automotive, electrical and electronics, aerospace and defense, jewelry, and others).
Segmentation by type (inclusion/exclusion)
The barrel plating segment grew gradually by USD 6,039.46 million between 2017 and 2021. Barrel plating is used to coat a large number of small metal items at once. The items are placed in a non-conductive barrel-shaped cage before being placed into the chemical bath, where they undergo plating. For the barrel plating process to be successful, the group of modules must make bipolar contact with each other. These factors will drive the growth of the segment during the forecast period.
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What are the key data covered in the electroplating market?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the electroplating market between 2023 and 2027
Precise estimation of the size of the electroplating market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the electroplating market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of electroplating market vendors
Electroplating Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.97%
Market growth 2023-2027
USD 6,133.61 million
YoY growth 2022-2023 (%)
APAC, North America, Europe, South America, and Middle East and Africa
APAC at 36%
US, Canada, China, India, and Germany
Leading companies, market positioning of vendors, competitive strategies, and industry risks
Aalberts NV, Allied Finishing Inc., Bajaj Electroplaters, Birmingham Plating Co. Ltd., Dr.Ing. Max Schlotter GmbH and Co. KG, Interplex Holdings Pte. Ltd., J and N Metal Products LLC, Jing Mei Industrial Ltd., Klein Plating Works Inc., Kuntz Electroplating Inc., L. Possehl and Co. mbH, MKS Instruments Inc., Peninsula Metal Finishing Inc., Pioneer Metal Finishing LLC, Sharretts Plating Co. Inc., Sheen Electroplaters Pvt Ltd., Summit Plating, Tanaka Holdings Co. Ltd., and Toho Zinc Co. Ltd.
Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global electroplating market 2017 - 2021
4.2 Type Segment Analysis 2017 - 2021
4.3 End-user Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Type
6.1 Market segments
6.2 Comparison by Type
6.3 Barrel Plating - Market size and forecast 2022-2027
6.4 Rack Plating - Market size and forecast 2022-2027
6.5 Continuous plating - Market size and forecast 2022-2027
6.6 Line plating - Market size and forecast 2022-2027
6.7 Market opportunity by Type
7 Market Segmentation by End-user
7.1 Market segments
7.2 Comparison by End-user
7.3 Automotive - Market size and forecast 2022-2027
7.4 Electrical and electronics - Market size and forecast 2022-2027
7.5 Aerospace and defense - Market size and forecast 2022-2027
7.6 Jewelry - Market size and forecast 2022-2027
7.7 Others - Market size and forecast 2022-2027
7.8 Market opportunity by End-user
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
9.4 North America - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 India - Market size and forecast 2022-2027
9.11 Germany - Market size and forecast 2022-2027
9.12 Canada - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Aalberts NV
12.4 Allied Finishing Inc.
12.5 Bajaj Electroplaters
12.6 Birmingham Plating Co. Ltd.
12.7 Dr.Ing. Max Schlotter GmbH and Co. KG
12.8 J and N Metal Products LLC
12.9 Klein Plating Works Inc.
12.10 Kuntz Electroplating Inc.
12.11 MKS Instruments Inc.
12.12 Peninsula Metal Finishing Inc.
12.13 Pioneer Metal Finishing LLC
12.14 Sharretts Plating Co. Inc.
12.15 Sheen Electroplaters Pvt Ltd.
12.16 Summit Plating
12.17 Tanaka Holdings Co. Ltd.
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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