The Paint Spray Guns Market valued for $1.52 billion in 2021 and is estimated to reach $2.29 billion by 2032, exhibiting a CAGR of 3.6% from 2023 to 2032. Paint spray guns are painting equipment used by professionals as well as DIYers to coat various surfaces by spraying paint onto it. Paint spray guns use pressure from an external source to atomize the liquid paint and spray it on the required surface.
Paint spray guns are available in a wide range of sizes, capacities, and working principal in the market, thereby making them usable by an industrial user as well as by professional and non-professional users. The paint spray gun is registering a rise in popularity owing to its advantageous features such as faster application of paint, blemish free paint coat, and ability to reach difficult to access voids and spaces.
The Indian consumer durables industry has grown by about 20% since 2020 till 2022. Thus, rise in demand for consumer durables (white goods) and automobiles across the world, especially in developing economies, is anticipated to drive the growth in the market. In addition, growth in building & construction sector, owing to rise in population and urbanization is anticipated to drive the demand for paint spray gun market. However, high cost of owning and maintaining a paint spray gun, and requirement of external power source by the paint spray gun are major restraints in the growth of the market. Furthermore, development of light weight and also the incorporation of microprocessors in paint spray gun for smart controls are expected to provide lucrative opportunities for the growth of the market. The global paint spray gun market is segmented on the basis of product type, technology, end-user industry, and region. By product type, the market is categorized into airless, pneumatic, HVLP (high volume low pressure), LVLP (low volume low pressure), and electrostatic.
On the basis of technology, it is bifurcated into automatic and manual. As per end-user industry, the market is categorized into automotive, construction, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
The report offers a thorough analysis of Paint Spray Guns Market with detailed study of various aspects of the market such as market dynamics, vital segments, major geographies, key players, and competitive landscape. The report provides a clear picture of the current market situation and future trends of the Paint Spray Guns Market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities in the market contributing to the market growth are acknowledged in the market dynamics. Besides, challenges and restraints that hold potential to hamper the market growth are also premeditated in the Paint Spray Guns Market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the Paint Spray Guns Market. The report offers market size and estimations analyzing Paint Spray Guns Market through various segments.
In addition, the report includes geographical market analysis of these segments. Each segment entailed in the report is studied at regional and country level as well to provide complete coverage of Paint Spray Guns Market. The report categorizes the Paint Spray Guns Market into four major geographies including North America, Europe, Asia-Pacific, and LAMEA. These geographies are further sub-categorized into countries to cover Paint Spray Guns Market scenario across in respective regions. Furthermore, the report covers competitive scenario of the Paint Spray Guns Market. The key players operating in the Paint Spray Guns Market are studied in the report to understand their current market position and competitive strengths in the industry.
The report profiles 10 key companies. Moreover, the company profiles include various data-points such as company overview, company executives, recent financials of the company, major growth strategies espoused by company, new initiatives and advancements by company to sustain and mend their position in the Paint Spray Guns Market, and others
Paint spray guns are available in a wide range of sizes, capacities, and working principal in the market, thereby making them usable by an industrial user as well as by professional and non-professional users. The paint spray gun is registering a rise in popularity owing to its advantageous features such as faster application of paint, blemish free paint coat, and ability to reach difficult to access voids and spaces.
The Indian consumer durables industry has grown by about 20% since 2020 till 2022. Thus, rise in demand for consumer durables (white goods) and automobiles across the world, especially in developing economies, is anticipated to drive the growth in the market. In addition, growth in building & construction sector, owing to rise in population and urbanization is anticipated to drive the demand for paint spray gun market. However, high cost of owning and maintaining a paint spray gun, and requirement of external power source by the paint spray gun are major restraints in the growth of the market. Furthermore, development of light weight and also the incorporation of microprocessors in paint spray gun for smart controls are expected to provide lucrative opportunities for the growth of the market. The global paint spray gun market is segmented on the basis of product type, technology, end-user industry, and region. By product type, the market is categorized into airless, pneumatic, HVLP (high volume low pressure), LVLP (low volume low pressure), and electrostatic.
On the basis of technology, it is bifurcated into automatic and manual. As per end-user industry, the market is categorized into automotive, construction, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
The report offers a thorough analysis of Paint Spray Guns Market with detailed study of various aspects of the market such as market dynamics, vital segments, major geographies, key players, and competitive landscape. The report provides a clear picture of the current market situation and future trends of the Paint Spray Guns Market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities in the market contributing to the market growth are acknowledged in the market dynamics. Besides, challenges and restraints that hold potential to hamper the market growth are also premeditated in the Paint Spray Guns Market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the Paint Spray Guns Market. The report offers market size and estimations analyzing Paint Spray Guns Market through various segments.
In addition, the report includes geographical market analysis of these segments. Each segment entailed in the report is studied at regional and country level as well to provide complete coverage of Paint Spray Guns Market. The report categorizes the Paint Spray Guns Market into four major geographies including North America, Europe, Asia-Pacific, and LAMEA. These geographies are further sub-categorized into countries to cover Paint Spray Guns Market scenario across in respective regions. Furthermore, the report covers competitive scenario of the Paint Spray Guns Market. The key players operating in the Paint Spray Guns Market are studied in the report to understand their current market position and competitive strengths in the industry.
The report profiles 10 key companies. Moreover, the company profiles include various data-points such as company overview, company executives, recent financials of the company, major growth strategies espoused by company, new initiatives and advancements by company to sustain and mend their position in the Paint Spray Guns Market, and others
Competition Analysis
Key companies profiled in the paint spray gun market report include 3M, Anest Iwata, Asahi Sunac, Auarita, DSTech Co., Ltd., Exel Industries, Fuso Seiki, Graco Inc., J. Wagner, Ningbo Lis Industrial Co., Ltd., Ningbo Navite, Nordson, Prowin Tools, Sata GmbH & Co. KG, Titan Tool Inc., Tritech Industries, Inc., and Zhejiang Rongpeng Air Tools Co., LTD.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the paint spray guns market analysis from 2021 to 2032 to identify the prevailing paint spray guns market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the paint spray guns market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global paint spray guns market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By End User Industry
- Automotive
- Construction
- Manufacturing
- Other
By Product Type
- Airless
- Pneumatic
- HVLP
- LVLP
- Electrostatic
By Technology
- Automatic
- Manual
- Application
- Without paint booth
- Within paint booth
- End user industry
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- J. Wagner GmbH
- Nordson Corporation
- Fuso Seiki Co. Ltd.
- Asahi Sunac
- 3M Company
- ANEST IWATA Corporation
- Prowin Tools Company
- SATA GmbH & Co. KG
- Auarita
- Navite
- Graco Inc.
- DSTech Co., Ltd.
- Exel Industries SA
- Tritech Industries, Inc.
- Titan Tool Inc.
- Ningbo Lis Industrial Co., Ltd.
- Rongpeng Air Tools Co., Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PAINT SPRAY GUNS MARKET, BY PRODUCT TYPE
CHAPTER 5: PAINT SPRAY GUNS MARKET, BY TECHNOLOGY
CHAPTER 6: PAINT SPRAY GUNS MARKET, BY END USER INDUSTRY
CHAPTER 7: PAINT SPRAY GUNS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Paint Spray Guns Market is likely to experience a significant growth rate of 3.6% from 2023-2032 owing to growing market demand from automotive sectorPaint spray gun is an equipment used for applying paint to a surface. Unlike the paint brush and roller, it uses external pressure to transform the paint into fine particles, and direct them toward the surface in the form of spray. A typical paint spray gun constitutes an airhead, flow regulator, nozzle, and a paint tank.
Painting is one of the most crucial aspects of any product, object or a building. By applying paint to a surface of product, object or a building, their durability can be enhanced. This is due to the fact that paint offers a barrier between the harsh conditions of the environment and the product. Furthermore, paint enhances the looks and aesthetics of that product, object, or a building. A paint spray gun can paint the required surface faster, than paint brushes and rollers. In addition, the paint spray can reach in the difficult to access voids and spaces on the surface. Moreover, since spray painting is a touchless process, the paint finish is blemish free and of high quality. Such advantageous features are anticipated to drive the paint spray guns industry.
In addition, the adoption of both automatic and manual paint spray guns are growing. Automatic paint spray guns are used by the large manufacturer and are often placed in production lines. These are held by robotic arms and offer a high-speed painting. They are often used by manufacturers having high production speeds. Moreover, they provide even finish without any blemishes. In addition, since there is no operator in the vicinity of the paint spray, the health hazard is significantly reduced.
Moreover, manual paint spray guns are used by small manufacturers who do not have a state-of-the-art production line. These paint spray guns are highly versatile and can be used to paint any surface in any given conditions. They are simple in design, are highly affordable and easy to maintain. Moreover, they only require small training to be able to use them. Such factors are anticipated to drive the growth of the market during the forecast period.
Furthermore, the automobile sector is witnessing a considerable rise, despite the negative impact of COVID-19. In order to paint vehicles, automobile manufacturers predominantly use paint spray guns. Thus, rise in automotive industry is anticipated to drive the growth of the paint spray gun market. Moreover, building construction sector is witnessing a rise across the world owing to rise in population and urbanization. Since, paint spray guns are used widely in painting of walls, the increase in construction sector is anticipated to drive the demand for paint spray guns. Furthermore, manufacturing sector is also witnessing a rise, owing to rise in disposable income of people around the world. In addition, the consumer durables are anticipated to witness growth at a significant rate. Manufacturing sector uses paint spray guns to paint the products, owing to much-desired advantages, such as quick painting, and blemish-free surface finish. Thus, rise in manufacturing sector is anticipated to positively influence the paint spray gun market. Furthermore, the developments in the paint spray guns have enabled them to be light in weight, quickly cleanable, and include microprocessor-based controls, which are anticipated to provide lucrative opportunities for the paint spray guns market growth.
Furthermore, paints can be applied via various mediums, such as brush, roller, spray guns, and others. However, spray guns are the most efficient and completes the task in fraction of time. Unlike the other mediums, paint spray guns use little amount of paint to cover a large surface area; in addition, it does not stain the operator and the floor. Moreover, paint spray guns offer a contactless painting; thereby preventing any blemishes on the paint surface and ensuring high quality finish.
A spray gun makes it easier to paint into smaller areas or tight corners, which can be difficult to reach with a brush. Paint spray guns are versatile, as they can be used for any type of surface. In addition, paint spray guns are equipped with systems to adjust air pressure, fluid flow and fan size; thus, offering high level of controllability. Along with this, spraying offers quality and consistent paint layer, and also reduces the runs, drips, sags, and trapped air bubbles. Such highly desirable advantages of the paint spray guns are anticipated to drive the market growth during the forecast period.
In addition, the paint spray guns help in saving time and cost of the painting as such guns are versatile and can be used for painting of large area of surface at lower duration of time. Thus, this is growing the adoption of paint spray guns by different industries such as furniture, aerospace, and automotive. The paint used inside the guns are not only effective in providing finishing but it also helps in providing coating that helps in preventing the product from exposure to dust and different chemicals which further helps in maintaining the life of the product.
Major players in the industry have launched new paint spray guns to remain competitive in the market and enhance their product offerings. For instance, in May 2022, Graco Inc., a manufacturer of fluid handling equipment, introduced Contractor King™ air-powered protective coatings sprayer and the Silver Plus HP spray gun. The Contractor King™ air-powered protective coatings sprayer is compact in size; making it easy to use and handle. Other manufacturers such as 3M along with others have also introduced their new product offerings.
The novel coronavirus has rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the production of many components of paint spray guns due to lockdown. The economic slowdown initially resulted in reduced spending on automotives and various residential and non-residential building construction projects. However, owing to introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022 the number of COVID-19 cases have diminished significantly. This has led to the full-fledged reopening of paint spray gun manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Key Market Insights
By product type, the HVLP segment was the highest revenue contributor to the market and is estimated to reach $957 million by 2032. However, LVLP segment is estimated to be the fastest-growing segment with a CAGR of 4.6% during the forecast period.By technology, the manual segment dominated the global market. However, the automatic segment is expected to be the fastest growing segment with a CAGR of 3.9% during the forecast period.
By end user, the automotive segment was the highest revenue contributor to the market in 2021, which is expected to grow with a CAGR of 3.8% during the forecast period.
By region, Asia-Pacific held the largest revenue share in 2021, and LAMEA is anticipated to grow at the highest CAGR of 4.5% during the forecast period.
Companies Mentioned
- J. Wagner GmbH
- Nordson Corporation
- Fuso Seiki Co. Ltd.
- Asahi Sunac
- 3M Company
- ANEST IWATA Corporation
- Prowin Tools Company
- SATA GmbH & Co. KG
- Auarita
- Navite
- Graco Inc.
- DSTech Co., Ltd.
- Exel Industries SA
- Tritech Industries, Inc.
- Titan Tool Inc.
- Ningbo Lis Industrial Co., Ltd.
- Rongpeng Air Tools Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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