The Europe metal cleaning equipment market is moderately fragmented. In order to maintain a stronghold a majority of the companies operating herein look towards mergers and strategic collaborations with vendors across chief end-use industries, finds Transparency Market Research (TMR) in a new report. A case in point could be Durr AG, one of the leading companies in the market to have expanded its manufacturing network across 28 countries around the world.
A handful of vendors in Europe cater to the demand for metal cleaning equipment and services generating from manufacturing and processing industries. In the forthcoming years, the market is likely to witness a paradigm shift from solvent-based to aqueous-based metal cleaning solutions. For enterprises operating in the Europe market, this will provide a major opportunity for growth. However, to achieve the same, adequate investment is required on the research and development of aqueous-based metal cleaning equipment.
According to TMR, the Europe metal cleaning equipment market is projected to exhibit a CAGR of 6.2% between 2016 and 2024. Expanding at this rate, the market is expected to reach US$1.2 bn by the end of 2024, from a valuation of US$731.7 mn in 2015. “The power generation and distribution sector is likely to offer the most lucrative opportunities for the metal cleaning equipment vendors in Europe,” said a lead TMR analyst. Regionally, Russia is expected to report a CAGR of 7.3% during the forecast period, thus registering a higher growth rate than other European countries.
Demand for Better Quality Metals across Automotive and Process Industries to Boost Growth
Over 120 million micro, small, and medium enterprises (MSMEs) operate worldwide, with a significant number of companies operating from the developed markets of Europe. Considering that MSMEs employ over one-third of the world’s labor force, these firms provide impetus to the employment generation and GDP growth of any economy. The growth in the number of MSMEs around the world will thus have a positive influence on the metal cleaning equipment market in Europe as well.
Besides this, the most renowned and prominent players from automotive, process, and aerospace industries are domiciled in Europe. Metal cleaning equipment plays a role in extending the life of metals used in the likes of automotive bodies or construction materials. The equipment is also used to ensure better safety of metals used across the aforementioned industries, which drives the demand for metal cleaning equipment.
High Cost of Metal Cleaning Equipment Hinders Widespread Adoption
On the flip side, the high cost of metal cleaning equipment is limiting its widespread adoption across potential customer base. The global metal cleaning equipment market, as we know is dominated by very few prominent companies offering customized and better sales services through well-established distribution networks. These companies often invest in better design of metal cleaning equipment, which requires high investment, making the cost of the equipment inevitably higher.
Additionally, the manufacturers of solvent chemical type metal based cleaning equipment account for the major share in the market. However, the process involves harmful effects on both environment and labor force. Stringent regulations implemented to curb such harmful effects are likely to be a crucial hindrance for the Europe metal cleaning equipment market.
High Value-for-money Offered by Metal Cleaning Equipment to Boost Demand
The value-for-money offered by metal cleaning equipment to end users is quite high. The increasing knowledge about the same will create huge scope for sales of high-performance metal cleaning equipment in the forthcoming years. Furthermore, manufacturers are projected to shift from solvent chemical based cleaning equipment to aqueous-based metal cleaning equipment, which is expected to create lucrative growth opportunities for the market in Europe in the near future.
This review is based on information published by TMR in a report, titled “Metal Cleaning Equipment Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2024”.
The report has segmented the Europe metal cleaning market as:
Europe Metal Cleaning Equipment market, by Chemical Type
- Solvent Metal Cleaning
- Aqueous Metal Cleaning
Europe Metal Cleaning Equipment market, by Washing Type
- Pickling/Immersion Cleaning Equipment
- Spray Metal Cleaning Equipment
- Vapor Phase Metal Cleaning Equipment
Europe Metal Cleaning Equipment market, by Technology
- Open Tank Single Stage Equipment
- Open Tanks Multistage Equipment
- Tunnel Metal Equipment
- Cabin Metal Equipment
Europe Metal Cleaning Equipment market, by Movement
- Conveyer Belt
- Belt Conveyers
- Carousel Conveyers
- Overhead Conveyers
- Rotating Cylinder
Europe Metal Cleaning Equipment market, by Region
- The U.K.
- Rest of Europe
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC