Manufacturing activity rebounded strongly following the recession, to the benefit of operators in the Industrial Spraying Equipment manufacturing industry. Over the five years to 2020, the industry will be characterized by slower growth than the previous period. Improving economic conditions and the trend toward manufacturing robotic equipment is expected to boost demand for industry products; however, revenue growth will be subdued as imports continue to penetrate the domestic market and the high trade-weighted index will make US products less attractive on the global market. Regardless, demand from the car and automobile manufacturing sector will support industry revenue.
This industry primarily manufactures industrial spraying equipment used to coat products such as automobiles, appliances, furniture and other industrial and consumer products. Industrial spraying equipment used for commercial construction purposes is also included. This industry excludes sprayers used for agricultural purposes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.