Q. What will the Europe metal cleaning equipment market look like in the near future?
A. Europe is home to some of the largest metal cleaning equipment companies in the world, a fact that significantly boosts the metal cleaning equipment market in the region. In 2015, Transparency Market Research estimated that the market for metal cleaning equipment in Europe valued US$731.7 mn. The growth of micro, small, and medium enterprises and the rise in activities in the aerospace, automotive, and processing industries in the region are anticipated to boost the value of the metal cleaning equipment market in Europe to US$1.2 bn by 2024, registering a 6.2% CAGR therein.
Q. Which European country in the metal cleaning equipment market stands out in terms of performance?
A. The metal cleaning equipment market in Europe comprises Italy, Germany, the UK, France, Russia, and the Rest of Europe. Among these, Germany is the clearly the largest revenue contributor to the Europe metal cleaning equipment market. In 2015, the country held a 24.60% share in the overall market, fueled primarily by the growing demand from small and medium enterprises and large companies. Other factors driving the Germany metal cleaning equipment market include a significant increase in the number of startup companies and a surge in services provided to large manufacturing companies in the electronics, automotive, and industrial equipment sectors.
Q. How have industry events contributed toward the expansion of the metal cleaning equipment market in Europe?
A. Parts2clean is a leading industry event and international trade fair for industrial surface and parts cleaning that is held in Stuttgart, Germany. Stuttgart is well-known as a manufacturing hub and each year, international and national exhibitors showcase the latest innovations in the areas of maintenance, cleaning, disposal, and recycling of industrial equipment.
Market and technology leaders from within the industry help identify new solutions to optimize costs and processes and new standards in terms of innovative trends and developments in industrial cleaning are set at the exhibition. The 2015 edition of the trade fair saw participation from countries such as Austria, Italy, the U.K., Switzerland, France, and Spain, with the presence of leading players such as Sturm Holding GmbH, Pero AG, Metalwash Ltd., Durr Ecoclean GmbH, Rippert Anlagentechnik GmbH & Co. KG, Metalas Cleaning Systems, Hockh Metall-Reinigungsanlagen GmbH, Rosler Oberflachentechnik GmbH, and MecWash Systems Ltd.