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Painting Tools Market size exceeded USD 10 billion in 2022 and will progress at over 5.5% CAGR from 2023 to 2032.
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Tools that are involved in the production, distribution, and sales of various tools and equipment used in painting applications are referred to as painting tools. The product demand varies from customers such as professional painters, contractors, DIY enthusiasts, and homeowners. Painting tool manufacturers and distributors emphasize innovative, durable, and ergonomic products that enhance the painting experience and improve efficiency.
Report Attribute | Details |
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Base Year: | 2022 |
Painting Tools Market Size in 2022: | USD 10 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.5% |
2032 Value Projection: | USD 17.7 Billion |
Historical Data for: | 2018-2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 247 |
Segments covered: | Product, Application, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The growing popularity of DIY projects has encouraged many individuals to initiate personal painting projects to save costs and personalize their living spaces. This has increased the demand for a range of painting tools, driving the overall painting tools industry progression. Moreover, the expansion of online retail and e-commerce platforms has made painting tools more accessible to consumers, complementing the industry outlook.
Despite a positive outlook for the painting tools market, the lack of availability of skilled labor is negatively impacting industry revenue. As a result, nearly 28,000 construction projects are affected annually due to poor painting quality. The growing demand for non-residential sectors, green buildings, and smart infrastructure has increased the need for additional skills and training for individuals. However, the escalating need for a workforce in non-residential building projects is projected to boost training programs, which will help manufacturers overcome this restraint.
The COVID-19 pandemic had an adverse impact on the painting tools market growth due to supply chain disruptions as a result of lockdowns, travel restrictions, and temporary closures of manufacturing facilities. Many non-essential sectors, such as hospitality, retail, and commercial real estate, experienced significant slowdowns or temporary closures during the pandemic, which reduced product uptake. Nonetheless, with stay-at-home orders and social distancing measures in place, many individuals turned to DIY projects, which fueled the market dynamics in the post-pandemic scenario.
Increasing construction of commercial & residential buildings across the world will bolster product adoption through 2032. The growing housing demand and infrastructure investment, smart city projects, and higher construction spending in developed countries are likely to propel the business scenario. This can be attributable to population growth, environmental effects, and urbanization globally. In May 2023, the U.S. government announced an investment of USD 220 billion in 70 new construction projects. The ability to offer excellent integration, planning, and designing, together with the provision of efficient building technologies, are key drivers of industry growth.
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In terms of product, the painting tools Market is segmented as brushes, scrapers, rollers, knives, spray guns, trays, masking tapes, and others. The painting brushes industry is estimated to showcase a 6% CAGR over 2023-2032. Brushes are the traditional and most fundamental tools used for painting and can be used to paint corners of walls & ceilings, which is not possible which rollers or spray guns. The natural or synthetic bristles of the brush help in delivering a smooth finish and provide a comfortable grip, which is driving segment growth.
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With respect to application, the market is segmented as construction, appliances, automotive, industrial machinery & equipment, furniture, and packaging. The painting tools market size from the construction segment will surpass USD 12.95 billion by the end of 2032. The construction sector generates major revenue from residential buildings including new construction and renovations. The long-term maintenance of buildings and infrastructure and new developments are accelerating segment progression. High application of paints & coatings on interior and exterior walls of buildings is fueling product adoption.
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Europe painting tools market is primed to account for over USD 4.5 billion by 2032, attributed to the considerable progress in industrial infrastructure, which is boosting energy demands. Rising awareness of green construction and smart infrastructure will further drive industry growth in Europe. To cite an instance, in January 2023, the European Union inked a Green Deal for 4.11 billion Euros to boost its clean energy transition.
Some of the key players profiled in the painting tools industry report include
The Painting Tools Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Units and revenue in USD million from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Product
By Application
By Region