End use industries likely to play a dominant role in the organic growth of the global electroplating market
The global electroplating market is expected to increase at an average CAGR over the forecast period. Significant opportunities for growth exist in the growing markets of APEJ. The global electroplating market was valued above US$ 14,540.5 Mn in 2016 and is expected to expand at a CAGR of 3.7% to cross US$ 21,160.0 Mn by the end of 2026. APEJ is the fastest growing region and is expected to exhibit promising growth in the global electroplating market, registering a CAGR of 4.6% over the foreseen period. The market of Western Europe performed well in 2015 and accounted for nearly 27.2% value share. This market will likely to continue its good performance during the forecast period.
By end use, the Electrical & Electronics segment is anticipated to dominate the global electroplating market within the period of forecast. Amongst the countries US and China will hold the leash of the market in the forthcoming years. India, South Korea and China are likely to provide significant opportunities in the global electroplating market over the coming years. Budding partnership with original equipment manufacturers and long-term contracts are expected to set the tone in the global electroplating market. The market is characterised by high fragmentation and the trend still continues to follow over the coming years. Non-precious metals, in terms of value, accounted for more than two-thirds of the total global electroplating market in 2015. The segment is expected to continue its dominance throughout the forecast period. The increasing use of nickel, zinc and its alloys is expected to drive market growth of this segment.
Performance analysis of the end use industry segment
Electrical & Electronics segment is projected to account for a major share of the global electroplating market. The Automotive and Electrical & Electronics segments are estimated to collectively hold about 65% of the total value share of the global electroplating market by the end of 2026. Owing to the growth of the Electrical & Electronics industry, copper and nickel are expected to gain significant BPS in the global electroplating market between 2016 & 2026. In 2016, the Electrical & Electronics segment dominated the global market with 34.3% revenue share, followed by the Automotive and Aerospace & Defence segments which held 30.0% and 13.3% shares respectively.
The Electrical & Electronics segment will continue to expand at a CAGR of 3.9% over the assessment period to reach a market value of about US$ 7,500 by the end of 2026. This segment is also predicted to gain more than 35 BPS by the end of the forecast period. On the other hand the Automotive, Aerospace and Defence and Jewellery segments are likely to lose more than 30 BPS by the end of the forecast period. In the year-on-year growth analysis, the Electricals & Electronics segment is expected to hold a disproportionately large value share of 34.7% in the global electroplating market by 2026 end. This segment is estimated to exhibit a steady growth rate through the forecast period. Automotive segment is estimated to exhibit healthy growth rates and is anticipated to expand at a CAGR of 3.9% in terms of value over the forecast period. Machinery Parts & Components segment, expanding at a CAGR of 3.8% over the forecast period, is expected to represent 10.2% share of the total incremental opportunity created between 2016 and 2026.
Market analysis of the end use industry segment
Automotive: Automotive segment was estimated to be valued above US$ 4,300 Mn by the end of 2016 and is projected to expand at a CAGR of 3.9% over the forecast period to reach beyond US$ 6,440 Mn by 2026 end. The segment is expected to create a total incremental opportunity of more than US$ 2,000 Mn between 2016 and 2026.
Electrical and Electronics: Electrical & Electronics segment was estimated to be valued at over US$ 5,000 Mn by 2016 end and is projected to expand at a CAGR of 3.9% over the forecast period to reach a value more than US$ 7,300 Mn by 2026 end.
Aerospace & Defence: The segment is projected to create incremental $ opportunity of more than US$ 750.9 Mn during the forecast period.
Jewellery: Jewellery segment is expected to reach a market value of more than US$ 950 Mn by 2026 end.
Machinery Parts & Components: This segment is expected to create total incremental opportunity of less than US$ 670 Mn between 2016 and 2026.
Others: The segment is expected to expand a CAGR of 3.6% and lose 10 BPS between 2016 and 2026.
Future Market Insights publishes a comprehensive and detailed insight into the global electroplating market in a report titled “Electroplating Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. The report is loaded with several distinguishing traits and through the report, we have successfully uncovered the opportunities hidden inside the global electroplating market and also tried to monitor the future movement of the global electroplating market that is likely to redefine the volume and value of the market in the years to come. In the report, we have foretold the stakeholders about the important drivers, restraints and trends that are expected to build the base of the global electroplating market. In the periodic analysis, our analysts have talked about the market dynamics that might influence the market strategies and income growth of the premier and mid-level companies operating in the global electroplating market. We have forecasted the demographic changes and picked the macroeconomic shifts that are expected to change the face of the market in the forthcoming years. We have also recorded all the minuscule changes that impacted the global electroplating market in the past and have scrutinised the impact of those elements on the fate of the global electroplating market during the period of forecast. Our analysts have gauged the performance of the industry in the regional markets and have tried to portray the emerging potential of all the major regions to help investors lay down their investment strategies for the forthcoming decade.
In the report on the global electroplating market, we have unravelled some of the key elements that are likely to cement the future of the market. The report opens with the executive summary, definitions and overview which provides a 360-degree view of the market. In the taxonomy chapter, we have talked about different segments of the global electroplating market that are strongly connected with the core of the global electroplating market.
We have done a detailed pricing analysis of the global electroplating market and tabled our pricing assumptions and price projections per region. In the next section, we have done a deep dive into the global electroplating market and singled out some important factors, market bent and future hindrances that could impact the worth and volume of the global electroplating market. The following sections quantify our analysis of the global electroplating market by presenting data on the market size along with key performance metrics.
We have devoted the last section of the report to study the market performance of some of the top companies operating in the global electroplating market. We have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global electroplating market.
Global Electroplating Market – Segmentation
By Metal Type
By End-Use Industry
In-depth research and knowledge exchange
In-depth secondary research is used to determine the overall market size, top industry players, top product type, and manufacturers. We have conducted personalised interviews with industry insiders for data collection and verification. The accumulated data from the market is validated through the triangulation method and is further scrutinised using special tools to obtain qualitative and quantitative insights about the industry.
Key metrics incorporated in the report
In this report on the global electroplating market, we have encapsulated the key metrics that accurately describe the global electroplating market and used this data to compare market performance across the various segments and regions. We understand that the nature of the global economy is very volatile and hence besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, we have also analysed the global electroplating market on the basis of key growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global electroplating market.
Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth. We feel this detailed level of information is important to identify the many key trends governing the global electroplating market. Another notable feature of our report is an analysis of the revenue forecast of the global electroplating market in terms of absolute dollar opportunity, critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global electroplating market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global electroplating market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.
In the global electroplating market report, we have not considered inflation to arrive at market revenue at subsequent levels of market segmentation. Macroeconomic indicators such as GDP and metals production and consumption in electroplating have been considered while forecasting the market numbers. Top-down approach has been used to assess market numbers for each segment. Bottom-up approach has been used to counter validate the market estimations.