The spraying equipment industry has shown a good development trend in my country in recent years. Here are some of the latest developments in the spraying equipment industry:
1. The market size continues to grow: With the development of downstream industries such as automobiles, handicrafts, home appliances, furniture and home decoration, the requirements for coating technology are increasing, and the market size of spraying equipment continues to expand. According to statistics, the market size of my country's spraying equipment industry in 2018 was about 102 billion yuan, a year-on-year increase of 12.71%.
2. Obvious industrial agglomeration effect: my country's spraying equipment industry has formed three major industrial development groups represented by Guangzhou, Zhejiang and Jiangsu, with hundreds of production enterprises, including many medium-sized spraying equipment manufacturing companies with an annual output value of more than 100 million yuan.
3. Continuous technology upgrading: In order to meet the requirements of downstream industries for coating technology, the spraying equipment industry continues to increase R&D investment to improve the accuracy and solubility of equipment. For example, the "oil to water" policy promotes the industry to develop in the direction of environmental protection and energy saving.
4. Extension of the industrial chain: The spraying equipment industry has begun to expand into the after-market service field, providing repair and maintenance services for coal mining equipment, etc.
5. International market expansion: With the improvement of the technical level of spraying equipment in my country, products have gradually gone abroad and entered the international market to compete with internationally renowned brands.
6. Impact of the epidemic: Affected by the new crown epidemic, the global economic growth rate has slowed down, and the spraying equipment industry has also been affected to a certain extent. However, as the epidemic is gradually brought under control and market demand gradually recovers, the industry outlook remains optimistic.
In summary, the spraying equipment industry has broad market prospects in my country and huge development potential. Driven by environmental protection, energy conservation and technological innovation, the industry will continue to maintain its growth trend.