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Global Copper Plating Equipment Market By Type (Automatic Plating Equipment, Semi-Automatic Equipment), By Application (Automotive, Home Appliance, Machinery, Electronic, Others) and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.
The copper plating equipment market size was valued at USD 14.1 Billion in 2020 and projected to reach USD 17.34 Billion by 2027, growing at a CAGR of 3% during the forecast period, 2020-2027.
Growing demand for electroplating applications in the automotive sector and improvements and innovations in extraction technologies globally. It is anticipated to contribute to the copper plating equipment market growth in the forecast period.
Moreover, rapid urbanization and digitalization in developed and developing countries propel the growth of the global copper plating equipment market in the upcoming years.
Additionally, increasing investments and government support for copper plating equipment are anticipated to drive the global growth of the copper plating equipment market.
What is Copper Plating Equipment?
Copper plating is the most common way of plating a layer of copper electrolytically on the outer layer of an item. It happens in an electrolytic cell where electrolysis uses direct electric flow to disintegrate a copper bar and transport the copper particles to the thing.
Growth Driver
The surge in demand for Copper Plating Equipment in the automotive industry
There is a major growth opportunity for copper plating equipment in the global market. Copper plating plays a prominent role in the automotive industry. The rising use of electronics in cars has led to an increase in copper plating equipment in motor vehicles. Electrical components in motor vehicles need copper-plated products for connectors, driving motors, plug-types, and others. This will fuel the growth of the global copper plating equipment market.
However, the major factors restraining the growth of the global copper plating equipment market are the environmental concerns related to copper-plated equipment and the high cost associated with this equipment.
Pre Covid-19 impact
Factors such as improvements and innovations in extraction technologies and increasing demand for electroplating applications in the automotive industry drive the market growth for copper plating equipment. Additionally, rising urbanization across the globe and growing investments in the metal industry had created several opportunities for the copper plating equipment market in the Pre-covid era.
Covid-19 impact
Coronavirus disease (COVID-19) is a global public health disease that has brought serious social, medical and economic challenges in every industry. The World Health Organization has declared COVID-19 a public health emergency. The spread of COVID-19 is generating an enormous disruption in the everyday activities of people. As coronavirus crises took over the world and led to curfews and lockdown, which impacted many businesses worldwide, countries across the globe are trying to prevent further contagion by adopting various measures such as social distancing, testing, quarantine, and many others.
Post Covid-19 impact
COVID-19 pandemic has affected several industries, including the electronics and metal industry. Since the COVID-19 virus outbreak in December 2019 resulted in a decrease in the demand for copper-plated equipment market across several sectors. Due to the pandemic, companies have lost up to half of their market value, which has severely affected the copper-plated equipment market and recognized a decreasing demand from several industrial applications. Therefore, with the outbreak of the COVID-19, the market will grow at a low rate for copper-plated equipment across the globe, which has negatively impacted the copper-plated equipment market value in 2020 and subsequent years.
Type Segmental Analysis
Based on the type, the copper-plated equipment market is segregated into automatic plating equipment and semi-automatic equipment.
The automatic plating equipment segment is estimated to have the highest market share in the type segment for the copper-plated equipment market. This is due to the advantages of automated plating equipment, such as reduced production errors, increased productivity, and reduced labor cost.
Application Segmental Analysis
The copper-plated equipment market is bifurcated into automotive, home appliances, machinery, electronics, and other applications based on the application.
The automotive segment will dominate the copper-plated equipment market by 2027, owing to the rising automobile production for high-performance automobile components.
However, the electronic segment is projected to grow with a higher CAGR throughout the forecast period for the copper-plated equipment market due to the increasing rate of urbanization and digitalization across the globe.
Region Segmental Analysis
The copper-plated equipment market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America is estimated to project modest growth over 2020-2026. It is due to the technological advancements and expansion of the automotive industry in the region.
However, Asia Pacific will have a prominent share in the copper-plated equipment market by 2027, owing to the rapidly increasing rising population and presence of huge assembling areas in countries such as India and China in the region.
Competitor Analysis
Companies include Atotech, George Koch Sons, Technic Inc., Gangmu Machinery, Jettech, KOVOFINIS, HEKEDA, Besi, Jing-Mei Industrial Ltd., Allied Finishing are the key players in the global copper plated equipment market.
Key Stakeholders
- Market research and consulting firms
- Investors
- Copper plated equipment manufacturers
- Copper plated equipment suppliers
- Research organizations and consulting companies
- Technology providers
- Regulatory bodies
Recent Developments
- In 2017, Atotech Development Centre wanted to start tasks in India. It was giving top caliber, practical and quicker products and interaction improvement. Atotech intends to continue developing in the Asia Pacific area, representing 66% of its worldwide deals.
- In November 2020, Jing-Mei Industrial Ltd. opened a new production facility in Bangkok, Thailand. The service treatment facility in Thailand provides high caliber, state-of0the-art services with a wide range of finishes like matte, chrome, satin chrome and others.
- In December 2020, Atotech Development Centre launched its inventive super-bright mid-phosphorus electroless nickel process, a sustainable and hazard-free process.
Scope of the Report
| Report Attribute | Details |
|---|---|
| Market Size Value in 2020 | USD 14.1 Billion |
| The revenue forecast in 2027 | USD 17.34 Billion |
| Growth Rate | CAGR of 3% from 2020 to 2027 |
| Historical data | 2017-2019 |
| Forecast period | 2021 – 2027 |
| Region covered | America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | Atotech, George Koch Sons, Technic Inc., Gangmu Machinery, Jettech, KOVOFINIS, HEKEDA, Besi, Jing-Mei Industrial Ltd., Allied Finishing. |
Market Modelling
By Type
- Automatic Plating Equipment
- Semi-Automatic Equipment
By Application
- Automotive
- Home Appliance
- Machinery
- Electronic
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
More Related Reports:
Global Copper Plating Equipment Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Pre Covid-19 Impact
- Covid-19 Impact
- Post Covid-19 Impact
- Global Copper Plating Equipment Market Overview
- Market Size & Forecast, 2020-2027
- Demand
- By Value (USD Billion)
- Consumption
- Demand
- Market Share & Forecast, 2020-2027
- By Type
- Automatic Plating Equipment
- Semi-Automatic Equipment
- By Application
- Automotive
- Home Appliance
- Machinery
- Electronic
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Market Size & Forecast, 2020-2027
- North America Copper Plating Equipment Market Overview
- North America Copper Plating Equipment Market Size & Forecast, 2020-2027
- Demand
- By Value (USD Billion)
- Consumption
- Demand
- North America Copper Plating Equipment Market Share & Forecast, 2020-2027
- By Type
- Automatic Plating Equipment
- Semi-Automatic Equipment
- By Application
- Automotive
- Home Appliance
- Machinery
- Electronic
- By Country
- US
- Canada
- Mexico
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Copper Plating Equipment Market
- By Type
- North America Copper Plating Equipment Market Size & Forecast, 2020-2027
- Europe Copper Plating Equipment Market Overview
- Europe Copper Plating Equipment Market Size & Forecast, 2020-2027
- Demand
- By Value (USD Billion)
- Consumption
- Demand
- Europe Copper Plating Equipment Market Share & Forecast, 2020-2027
- By Type
- Automatic Plating Equipment
- Semi-Automatic Equipment
- By Application
- Automotive
- Home Appliance
- Machinery
- Electronic
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Copper Plating Equipment Market
- By Type
- Europe Copper Plating Equipment Market Size & Forecast, 2020-2027
- Asia Pacific Copper Plating Equipment Market Overview
- Asia Pacific Copper Plating Equipment Market Size & Forecast, 2020-2027
- Demand
- By Value (USD Billion)
- Consumption
- Demand
- Asia Pacific Copper Plating Equipment Market Share & Forecast, 2020-2027
- By Type
- Automatic Plating Equipment
- Semi-Automatic Equipment
- By Application
- Automotive
- Home Appliance
- Machinery
- Electronic
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Copper Plating Equipment Market
- By Type
- Asia Pacific Copper Plating Equipment Market Size & Forecast, 2020-2027
- South America Copper Plating Equipment Market Overview
- South America Copper Plating Equipment Market Size & Forecast, 2020-2027
- Demand
- By Value (USD Billion)
- Consumption
- Demand
- South America Copper Plating Equipment Market Share & Forecast, 2020-2027
- By Type
- Automatic Plating Equipment
- Semi-Automatic Equipment
- By Application
- Automotive
- Home Appliance
- Machinery
- Electronic
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Copper Plating Equipment Market
- By Type
- South America Copper Plating Equipment Market Size & Forecast, 2020-2027
- Middle East & Africa Copper Plating Equipment Market Overview
- Middle East & Africa Copper Plating Equipment Market Size & Forecast, 2020-2027
- Demand
- By Value (USD Billion)
- Consumption
- Demand
- Middle East & Africa Copper Plating Equipment Market Share & Forecast, 2020-2027
- By Type
- Automatic Plating Equipment
- Semi-Automatic Equipment
- By Application
- Automotive
- Home Appliance
- Machinery
- Electronic
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Copper Plating Equipment Market
- By Type
- Middle East & Africa Copper Plating Equipment Market Size & Forecast, 2020-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Atotech
- George Koch Sons
- Technic Inc.
- Gangmu Machinery
- Jettech
- KOVOFINIS
- HEKEDA
- Besi
- Jing-Mei Industrial Ltd.
- Allied Finishing
- Other Prominent Players
Frequently Asked Questions (FAQ):
Copper plating is the most common way of plating a layer of copper electrolytically on the outer layer of an item. It happens in an electrolytic cell where electrolysis uses direct electric flow to disintegrate a copper bar and transport the copper particles to the thing.
The copper plating equipment market size was valued at USD 14.1 Billion in 2020 and projected to reach USD 17.34 Billion by 2027, growing at a CAGR of 3% during the forecast period, 2020-2027.
The major drivers for the copper-plated equipment market are rapid urbanization and digitalization in developed and developing countries and growing demand for electroplating applications in the automotive sector.
North America is expected to project considerable growth over 2020-2026 due to the technological advancements and expansion of the automotive industry in the region for the copper-plated equipment market.
Atotech, George Koch Sons, Technic Inc., Gangmu Machinery, Jettech, KOVOFINIS, HEKEDA, Besi, Jing-Mei Industrial Ltd., Allied Finishing are the prominent players in the global copper plated equipment market.
