Metal Cleaning Equipment Market Analysis by Global Segments, Growth, Size and Forecast 2024
In
the moderately fragmented market for metal cleaning equipment in
Europe, global expansion and alliances with major vendors across
major end-use industries are some of the most popular strategies
adopted by the key companies operating in the market, finds
Transparency Market Research (TMR) in a recent report.
For
instance, Durr AG, the leading company in the market presently, has
expanded its network of manufacturing and consumer support sites
across 28 countries worldwide. It has also entered into strategic
agreements with companies such as Volkswagen.
Report
Overview :
A
limited number of vendors in the region provide metal cleaning
equipment and services across a number of industrial verticals in the
manufacturing and processing sectors. In the years to come, the
market will witness a major shift from solvent-based metal cleaning
solutions to aqueous-based solutions as the demand for the latter
continues to rise at a significant pace among clients. For vendors
operating in the Europe metal cleaning equipment market, this will be
a major growth opportunity and will require companies to invest funds
on the research and development of aqueous-based metal cleaning
solutions, says TMR
Power
Distribution Industry to be Key Enabler of Growth
Companies
operating in the Europe metal cleaning equipment market will benefit
the most from growth opportunities in the power generation and
distribution sector. The European Union is expected to import nearly
20% of its overall electricity consumption volumes from MEA through
transcontinental energy and power linking grids by 2020. The task
will lead to an increased need for the deployment of power
transmission infrastructure stretching across the Mediterranean and
the desert. Processing and degreasing of metal and metal parts used
in these new power distribution centers will require complex metal
cleaning equipment, and will emerge as a major growth opportunity for
the Europe metal cleaning equipment market.
Germany
to Present Lucrative Growth Opportunities
Germany
is presently the leading country in the Europe metal cleaning
equipment market, with a 24.6% share in the market’s overall
revenues in 2015. The country has a large number of some of the
world’s largest manufacturing companies in the automotive,
electronics, and industrial equipment sectors. The country is also
home to some of Europe’s largest metal cleaning equipment companies
and is witnessing the rise of a vast number of startups in the field,
called jobbing shops. These factors will contribute substantially to
the future growth prospects of the Germany market for metal cleaning
equipment in the next few years.
Germany
contributed the largest number of unit shipments to the Europe metal
cleaning equipment market in 2015, accounting for a total of 7,653
units of the overall MCE shipments in the year. From 2016 to 2024 as
well, Germany is expected to remain the largest supplier of metal
cleaning equipment in the European market. In terms of overall
growth, the market for metal cleaning equipment in Germany is
expected to rise at a CAGR of 5.6%.
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