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The Electroplating Market size is estimated to grow by USD 6,133.61 million from 2023 to 2027 and the market’s growth momentum will accelerate at a CAGR of 7%. The growth of the market depends on several factors such as the rising demand for electroplating applications in the automotive industry, the economic growth in China and India, and the rising demand for electroplating in industrial applications.
This report extensively covers market segmentation by Type (barrel plating, rack plating, continuous plating, and line plating), End-user (automotive, electrical and electronics, aerospace and defense, jewelry, and others), and Geography APAC, North America, Europe, South America, and Middle East and Africa. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Electroplating Market Customer Landscape
The innovative features and user interfaces are notably driving the market growth, although factors such as stringent regulations on materials used for electroplating can impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
Significant Trend
Major Challenge
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alberts - The company offers to electroplate for metals such as gold, copper, nickel, and nickel sulfamate.
Alliedfinishinginc- The company offers electroplating for metals such as zinc, aluminum, and steel. The company offers products to different types of industries such as automotive, smartphones, heavy machinery, and others.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
The report offers, clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.
The market share growth by the barrel plating segment will be significant during the forecast period. The barrel plating segment shows a gradual increase in the market share of USD 6,039.46 million in 2017 and will continue to grow by 2021. Electroplating in the form of barrel plating is frequently used to coat a large number of small metal items at once. The items are placed in a non-conductive barrel-shaped cage before being put into the chemical bath, where they undergo plating.
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The group of modules must make bipolar contact with one another in order for the barrel plating process to be successful; this ensures excellent plating efficiency. However, when precisely engineered or aesthetic finishes are desired, barrel plating is typically not advised because of the substantial amount of surface contact that the components have with one another. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027.
APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The electroplating market in APAC is expected to grow exponentially during the forecast period due to the flourishing automotive and electronics industries, notably in countries such as China, India, Thailand, Malaysia, Indonesia, and Japan. The rise in volume sales of fuel-efficient vehicles, including SUVs in emerging economies due to improving standards of living and rising disposable incomes is one of the primary factors that exhibit a high demand for automotive vehicles in APAC. In addition, the improving economic conditions and other socioeconomic factors, such as cheap labor and changing consumer preference for large and spacious vehicles, are other factors that also fuel the demand for automotive vehicles in APAC. Thus, vendors of the automotive industry are establishing production and assembling facilities in APAC.
In 2021, the end-user industries progressively resumed operations in the first half of the year due to the success of vaccination programs in APAC. Therefore, the regional electroplating market in APAC will grow during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Electroplating Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.97% |
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Market growth 2023-2027 |
$ 6,133.61 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.89 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 36% |
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Key countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aalberts NV, Allied Finishing Inc., Bajaj Electroplaters, Birmingham Plating Co. Ltd., Dr.Ing. Max Schlotter GmbH and Co. KG, Interplex Holdings Pte. Ltd., J and N Metal Products LLC, Jing Mei Industrial Ltd., Klein Plating Works Inc., Kuntz Electroplating Inc., L. Possehl and Co. mbH, MKS Instruments Inc., Peninsula Metal Finishing Inc., Pioneer Metal Finishing LLC, Sharretts Plating Co. Inc., Sheen Electroplaters Pvt Ltd., Summit Plating, Tanaka Holdings Co. Ltd., and Toho Zinc Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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