Commercial Metal Plating Equipment Market to Reach $528.9 million, Globally, by 2032 at 4.3% CAGR: Allied Market Research

Increased demand for metal plating applications in the automotive industry is fueling the market for electroplating, galvanizing, and anodizing equipment. The automotive industry is one of the largest consumers of metal plating technology, utilizing all zinc-to-gold metal plating equipment available.

WILMINGTON, Del., Aug. 9, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Commercial Metal Plating Equipment Market by Equipment Type (Electroplating Systems, Anodizing Equipment, Galvanizing Lines, and Others), and End User (Automotive, Electronics, Aerospace, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032," According to the report, the commercial metal plating equipment market was valued at $349.3 million in 2022 and is projected to reach $528.9 million by 2032, registering a CAGR of 4.3% from 2023 to 2032. 

Prime determinants of growth

Commercial metal plating equipment provides numerous benefits, such as increased resistance to corrosion, wear, and scratches, enhanced electrical conductivity, reduced friction, uniform surface finish, and improved adhesion properties for painting or coating materials. The automotive industry is the primary user of electroplating services, followed closely by aviation, defense, electronics, household appliances, and jewelry sectors. As the need for durable metals grows and flexible assembly methods become more prevalent in industries like automotive, aerospace, defense, electrical, and electronics, the demand for commercial metal plating equipment is projected to rise. These tools are widely utilized in various industries for both technological and decorative purposes.

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Report coverage & details: 

The electroplating systems segment maintains its leadership status throughout the forecast period.

By equipment type, the electroplating systems segment held the highest market share in 2022, accounting for more than two-fifths of the commercial metal plating equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. Many improvements and breakthroughs in electroplating have boosted the efficiency of pulse and pulse reverse techniques. Pulse plating generates electromagnetic pulses by cyclically switching the current on and off at varying intervals. This concept is taken a step further with pulse reverse plating, where the polarity of the electrical current is switched during each pulse cycle. The development of new electrolyte formulations has enhanced efficiency and eco-friendliness, broadening the scope of pulsed electroplating. Furthermore, the advancement of sophisticated process controllers and monitoring devices has allowed for precise management of electroplating parameters, ensuring consistent attainment of desired finish characteristics.

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The electronics segment maintains its leadership status throughout the forecast period.

By end user, the electronics segment held the highest market share in 2022, accounting for nearly one-third of the commercial metal plating equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. The growing need for compact electronic devices is driving the necessity for advanced plating techniques. Industrial metal plating equipment enables the precise deposition of thin layers on microelectronic components, facilitating the miniaturization and integration of electronic circuits and devices.

The Asia-Pacific maintains its leadership status throughout the forecast period.

By region, the Asia-Pacific held the highest market share in 2022, accounting for around two-fifths of the commercial metal plating equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. The metal plating market in the Asia-Pacific region is witnessing substantial growth, driven by several factors that are shaping the industry. A key driver is the thriving automotive and electronics sectors in the region. With the automotive industry expanding and electronics becoming an essential part of everyday life, there is a growing need for metal plating processes to enhance the durability, appearance, and performance of components and parts used in these sectors. Metal plating plays a vital role in providing corrosion resistance, improved conductivity, and aesthetic appeal to various metal components used in vehicles and electronic devices, thereby driving the market's growth.

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Top Players:

• Technic Inc.
• Progalvano S.r.l.
• Chicago Plastic Systems
• KOCH, LLC.
• THE BRONX GROUP
• Poliplast Ltd.
• MKS Instruments, Inc
• Germarel GmbH
• Tri-Mer Corporation
• SIFCO ASC

The report analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities. Furthermore, the study highlights Porter's five forces analysis to determine the factors affecting market growth.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

 We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research

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