Glossmeter Market Size, Share, Growth, and Industry Analysis, By Type (Single Angle, Two Angles and Multi Angles), By Application (Paint/Coating, Plastic, Paper Industry, Hardware Industry, Electronics and Others), Regional Forecast to 2027

Updated On: 22 April 2024

REPORT OVERVIEW

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The global glossmeter market size was in USD 519.79 million 2021. As per our research, the glossmeter market is expected to reach USD 713.89 million by 2027, exhibiting a CAGR of 5.43% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A glossmeter is a tool used to gauge how shiny or glossy a surface is. It measures how much light is reflected off a surface at a specific angle. This equipment is frequently used in industries where surface appearance and finish quality are important considerations, including the automobile, paints and coatings, plastics, paper and packaging, and many others. The business that manufactures and distributes this equipment and related tools is known as the market. Manufacturers, retailers, and providers of gloss measurement tools are included in this market. The market might also include add-ons and software programs that improve its use. The requirement for product consistency, quality assurance, and aesthetics across a variety of industries is what fuels the demand for this equipment.

The demand for the equipment may be affected by the general expansion and performance of sectors that use gloss measures, such as the automotive industry. Glossmeter technological developments, like as the creation of portable and handheld devices, might stimulate market expansion. The equipment’s use is frequently required to comply with industry-specific quality standards and laws, which increases market demand. The demand for more sophisticated gloss measurement instruments may result from advancements in materials and coatings. The market may differ by location, with certain locations maybe seeing stronger demand because of particular sectors or other economic circumstances. The availability of several producers and suppliers may have an impact on market pricing and product offerings.

COVID-19 Impact: Disruption in Supply Chains to Hinder Market Growth

Global supply networks were disrupted by the pandemic, which had an impact on the manufacture and delivery of the equipment and related equipment. Supply chain issues were exacerbated by factory closings, trade restrictions, and holdups in the movement of goods. Lockdowns, decreased consumer spending, and economic uncertainty resulted in a major drop in demand for many glossmeter-using industries, including automotive, construction, and manufacturing. The requirement for quality control procedures like gloss measuring was impacted by the decrease in demand for goods and resources. The epidemic caused numerous infrastructure and building projects to be postponed or delayed, which reduced the need for the equipment used in these industries.

LATEST TRENDS

"Digitalization and Connectivity to Enhance Market Growth"

Glossmeters were increasingly incorporating digital features and connectivity options. This allowed users to store and analyse gloss data digitally, share results remotely, and integrate gloss measurement into quality control systems more effectively. Portable and handheld meters were gaining popularity. These compact devices provided greater flexibility for on-site measurements and were especially useful in industries like automotive and construction. Many manufacturers were focusing on integrating their devices with broader quality control and production management systems. This trend aimed to streamline data collection and analysis, improving overall efficiency.

SEGMENTATION

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By Type

Based on type market is classified as single angle, two angles and multi angles.

By Application

Based on application market is classified as paint/coating, plastic, paper industry, hardware industry, electronics and others.

DRIVING FACTORS

"Quality Control and Assurance to Augment Market Growth"

The market is fundamentally driven by quality control. Gloss measures are crucial for ensuring that products fulfil strict quality requirements in sectors like printing, automotive, coatings, and plastics. It assist to keep product quality and finish constant, lowering faults and waste. In industries including automotive, consumer electronics, and luxury goods, a product's aesthetic appeal is crucial to its ability to compete in the market. Manufacturers may attain and maintain desirable levels of surface shine and aesthetics with the aid of this equipment, which helps to promote a favourable brand image. Exact gloss measures are needed in several businesses due to rules and standards. Adoption of the equipment is heavily influenced by compliance with certain standards, including those concerning safety marks, labelling, and product performance. These are some of the factors positively affecting the glossmeter market growth.

"Advancements in Technology to Propel Market Growth"

The design and capabilities of the equipment are continually improving thanks to technology. They are more appealing to enterprises looking for efficiency and precision in quality control because of improved accuracy, quicker measurements, and improved user interfaces. Beyond conventional industries like automotive and coatings, they have a variety of uses. The need for gloss measurement equipment may rise as new industries develop and old ones grow. Manufacturing has gone global, which has boosted competitiveness and raised demands for quality. Glossmeters are crucial equipment for producers who want to produce reliable, high-quality goods for international markets.

RESTRAINING FACTORS

"Limited Awareness and Expertise to Impede Market Expansion"

Glossmeters can be rather expensive, particularly for models that require great precision or specialisation. Some companies, especially small and medium-sized firms (SMEs), may find it difficult to operate due to the high expense of purchasing and maintaining these tools. Companies frequently cut back on investments in new equipment, during economic downturns in order to save money. This can result in less of a need for gloss measurement tools. There can be a lack of understanding of gloss measurement's advantages or technical know-how in some industries. This can lead to underuse or a reluctance to spend money on this technology. In order to provide reliable measurements, the equipment need to be regularly calibrated and maintained. Some organisations may struggle with the continuous expenditures of calibration and maintenance.

REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Tight Quality Control Requirements"

The glossmeter market share is heavily dominated by North America, especially the United States. This is a result of the region's major manufacturing activity, which include the auto, aerospace, and electronics sectors. The use of it is fuelled by the tight quality control requirements and demand for premium finishes in these sectors. Gloss measurement is important for quality control and aesthetics in sectors including automotive, coatings, and printing, where IT is well-represented. The need for market is also fuelled by strict regulatory standards for product safety and quality. The area is a centre for industry, and sectors like consumer products, electronics, and automobiles have grown quickly. The increased focus on product quality and aesthetics has created a demand for gloss measurement tools.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Nippon Denshoku (Japan)
• Erichsen (Germany)
• ElektroPhysik (Germany)
• HORIBA (Japan)
• 3nh (China)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.