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Follow on Google News | Metal Finishing Equipment Market Insights, Growth Drivers and Forecast to 2030Geographically, the APAC metal finishing equipment market accounted for the largest share in 2019, and it is also projected to record lucrative growth during the forecast period.
By: P&S Intelligence Thus, the increasing automobile sales and production, especially in China, Mexico, India, and Indonesia, will help the metal finishing equipment market advance at a CAGR of 4.2% during 2020–2030. The market revenue is expected to surge from $13,845.6 million in 2019 to $19,554.7 million by 2030. Automakers use metal finishing equipment to improve the life of vehicle components, such as under-the-hood components, air conditioning components, power steering systems, fuel systems, brake parts, and chassis hardware, as they are extremely vulnerable to corrosion due to snow and rain. According to P&S Intelligence, Asia-Pacific led the metal finishing equipment market (https://www.psmarketresearch.com/ Furthermore, the Middle East and African (MEA) region will observe a largescale adoption of metal finishing equipment in the forthcoming years, owing to the surging need to provide a protective layer on metallic vehicle parts. Automakers use such products to apply one or more thin coats of a metal, such as nickel, silver, gold, chromium, or copper, on vehicles' components to enhance their life. Additionally, the soaring focus of the aerospace sector on better technologies to shield aircraft components from a relentless force of corrosion will also encourage the usage of metal finishing equipment in the region. Therefore, the booming automotive sector in developing countries and the flourishing aerospace industry will fuel the adoption of metal finishing equipment worldwide. End
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