The global industrial spray booth market is projected to grow at a slow CAGR of 2.6% in value terms between 2020 and 2030. Due to the expected economic slowdown in the coming year and a decline in the consumption of industrial goods Globally, the global industrial paint market for booths is expected to stagnate for the next two financial quarters. However, after the coronavirus pandemic is brought under control, the market is expected to regain traction and surpass a $789 million valuation by the end of the forecast period (2020-2030).
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The major end-use sectors of industrial spray booths, such as automotive and industrial goods, are seeing massive drop in demand and production shutdowns due to lockdowns imposed in many countries. For example, in April 2020, the European Automobile Manufacturers Association concluded in a report that, in the first quarter of 2020, Europe recorded a decline in automobile production of around 2 million motor vehicles. This in turn poses serious challenges to the global industrial spray booth market. This is because the automotive industry is one of the major end users of industrial spray booths, capturing almost half of the global market.
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Key points of the Industrial Spray Booths market study
- The global industrial spray booths market is projected to create an absolute dollar opportunity of more than USD 178 million by the end of the forecast period (2020-2030).
- By product type, the downdraft spray booth segment is expected to accumulate the majority share by value, growing at a CAGR of 2.5% during the forecast period.
- In the end-user segment, the automotive industry is expected to exhibit slow growth, poised to create an absolute dollar opportunity of more than $76.4 million by the end of the forecast period.
- Asia Pacific Excluding Japan (APEJ) is expected to create an absolute dollar opportunity of more than $78 million and is expected to hold a 41.1% market share by value in the global industrial spray booth market by the end of the forecast period.
Key segments of the industrial spray booth market
Fact.MR’s study on the Industrial Spray Booth Market offers insights into two key segments: Product and End-Use across six major regions. This report offers comprehensive data and insights into important market dynamics and growth metrics associated with these categories.
- Cross draft spray booth
- Semi downdraft spray booth
- Side draft painting booth
- Downdraft paint booth
- Open facepaint booth
- Bench painting booth
- Automotive sector
- Construction and agriculture
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Main inclusions at national level
- US Industrial Spray
Booth Market • Canada Industrial Spray Booth Market Sale •
Germany Industrial Spray Booth Market Production • UK Industrial Spray Booth Market Industry • France Industrial
Spray Booth Market
Supply-Demand of Industrial Spray Booth Market in Spain •
Outlook of Industrial Spray Booth Market in Italy
• Russia Market Analysis and CIS
• Market Intelligence of Industrial Spray Booths in China •
Assessment of Spray Booth Market Demand of industrial painting in India •
Assessing the Industrial Spray Booth Market Supply in Japan •
ASEAN Industrial Spray Booth Market Scenario
• Brazil Industrial Spray Booth Market Sales Analysis •
Mexico Industrial Spray Booth Market Sales Intelligence
The report covers the following insights and evaluations of the Industrial Spray Booths market which are useful for all the participants involved in the Intradermal Injections market:
- Data on recently introduced regulations and their impact on key industries and demand in the industrial spray booth market
- Industry Latest Industrial Spray Booth Market with key analysis of market drivers, trends and influencing factors
- Key Trends Analysis of the Industrial Spray Booths market and changing consumer preferences across major industries.
- Evolving Industrial Spray Booth Market demand and consumption of different products
- Major trends emphasizing funding from key investors in a number of countries
- New investment opportunities in different types of technology and products or services
- Comprehensive data and competitive analysis of the main players of the Industrial Spray Booths market
- US Industrial Spray Booth Market Sales to Grow at Steady Pace, Driven by Growing Consumer Confidence and Economic Recovery
- Industrial Paint Booths Market demand forecasts in Europe remain stable as many countries like UK, France and Germany focus on boosting growth
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