The Finishing Lines Global Market Report 2023, provides comprehensive information on the finishing lines market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Finishing Lines Global Market Report 2023, the market size is expected to grow from $6.90 billion in 2022 to $7.32 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global finishing lines market is expected to reach $9.08 billion in 2027 at a CAGR of 5.5%.
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Technological advancements have emerged as a key trend gaining popularity in the finishing line market. Major companies operating in the finishing lines sector are focused on introducing new technologies to gain a competitive advantage. For instance, in May 2022, PRATI, an Italy-based finishing solutions provider, launched the DIGIFASTONE, a digital finishing line based on the “FUTURA by Prati” DIGIFASTone technology. This technology stands out for its entirely modular design, availability in S-D or D-S configurations, and ability to install digital finishing and laser die-cutting machines according to requirements. They are production lines built on the “FUTURA by Prati” technology, which establishes the benchmark for the next generation of finishing options in line with industry 4.0 requirements.
The finishing lines market is segmented:
1) By Component: Pre-Treatment Plants, Ovens, Paint Booths, Conveyor Systems, Control Systems, Other Components
2) By Application: Automotive Parts, Engine and Motors, Electronics and Control Panels, Furniture, Machinery, Household Appliances, Other Applications
Asia-Pacific was the largest region in the finishing lines market in 2022.
The table of contents in TBRC’s finishing lines market report includes:
1. Executive Summary
2. Finishing Lines Market Characteristics
3. Finishing Lines Market Trends And Strategies
4. Finishing Lines Market – Macro Economic Scenario
5. Finishing Lines Market Size And Growth
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26. Africa Finishing Lines Market
27. Finishing Lines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Finishing Lines Market
29. Finishing Lines Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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