A number of factors such as the surging automotive industry, rising demand for metal finishing products in the aerospace industry due to the critical nature of components, growing middle-class population in emerging countries, and increasing usage in the construction industry to manufacture and protect machinery are projected to propel the growth of the metal finishing equipment market at a CAGR of 4.2% during the forecast period (2020–2030). 

Get More Insights: Metal Finishing Equipment Market Revenue Estimation and Growth Forecast Report

Geographically, the APAC metal finishing equipment market held the largest share during the historical period, and it is also likely to witness significant growth in the coming years. This is owing to the surging investment in several end-use industries by multinational companies and rising demand for metal finishing products in China. This is because China is manufacturing high-volume of automobiles, electrical and electronic systems, and construction machinery. Moreover, the region is the largest automobile manufacturer and focuses on product development to attain higher fuel efficiency and curtail emissions by using metal finishing solutions.

Thus, the surging automotive industry and the increasing usage in the construction industry to manufacture and protect machinery are expected to propel the demand for metal finishing equipment across the world during the forecast period.