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Painting Tools Market Size

Report ID: GMI1843
Published Date: May 2023
Report Format: PDF

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Painting Tools Market Size

Painting Tools Market size exceeded USD 10 billion in 2022 and will progress at over 5.5% CAGR from 2023 to 2032.

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.

Painting Tools Market Report Attributes
Report Attribute	Details
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:	Rising construction of commercial & residential buildings Expansion in the global automotive industry Growing appliance industry
Pitfalls & Challenges:	Lack of availability of skilled labor

Learn more about the key segments shaping this market

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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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global Market size for painting tools was valued at more than USD 10 billion in 2022 and will progress at over 5.5% CAGR between 2023 and 2032 propelled by the growing popularity of DIY projects and increased investments in the construction sector.

The painting brushes segment is estimated to showcase a 6% CAGR over 2023-2032 as a result of its quality natural or synthetic bristles, which help in delivering a smooth finish and provide a comfortable grip.

Painting tools industry size from the construction application segment will surpass USD 12.95 billion by the end of 2032 owing to long-term maintenance of buildings and infrastructure and new developments in the sector.

Europe painting tools industry is slated to account for over USD 4.5 billion by 2032 on account of Rising awareness of green construction and smart infrastructure in the region.