Painting Tools Market size is expected to exceed USD 13.5 billion by 2028, according to a new research study published by Global Market Insights Inc.
A shift in consumer preference toward eye-catching interiors, particularly in the residential sector, is likely to boost the demand for painting tools. In the automotive sector, advanced painting tools are used to provide chemical resistance and an attractive appearance to the vehicles. The growing demand for luxury cars is attracting automobile manufacturers to use dyers, spray guns, step ladders, and steel wool in vehicle coating.
Urbanization, economic, and social development in emerging economies
Mass urbanization and economic & social development, particularly from emerging economies are anticipated to augment the painting tools market growth. Favorable FDI policies and growth in the commercial sector are fueling the overall industry statistics. The global infrastructure investment accounted to be around USD 2.6 trillion in 2018 with an estimated growth of over 4% till 2028.
Get more details on this report - Request Free Sample PDF
Increasing demand for residential buildings along with government spending on projects, such as rail, telecom, roads, and housing, is poised to drive product demand. Efficient and sustainable methods in infrastructure development are enhancing the market revenue. Amendments in standards & laws for building access, sustainable housing, fire safety, industrial, agricultural buildings, and workshops will propel the refurbishment of infrastructures, thus supporting the business growth.
Browse key industry insights spread across 200 pages with 218 market data tables & 29 figures & charts from the report, “Painting Tools Market Size By Product (Brushes, Rollers, Scrapers, Knives, Trays, Spray Gun, Masking Tapes), By Application (Construction [Residential, Commercial, Industrial], Automotive, Appliances, Furniture, Industrial Machinery & Equipment, Packaging), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
The scrapers segment is forecast to witness 4.5% CAGR in painting tools market through 2028. Scrapers are used in various situations including reshaping details in the existing wood trim, shaving dry paint runs off, and wood off doors & window openings. They are also handy in removing a considerable amount of built-up paint from metal, wood, or masonry sidings. Scrapers are available in several shapes and styles, each offering various advantages.
Moreover, in developed countries including North America & Europe, aging infrastructure and the process of restructuring & maintaining aged infrastructure are unable to match the pace of deterioration. This has increased the demand for scrapers, which are used for removing old paints.
In terms of value, the spray gun product segment is projected to achieve 4.7% gains during 2022 to 2028. They are easy to use and available in varied sizes, power ranges & types. Painting with spray guns is much faster compared to brushes or rollers. Tiny paint particles emitted from the sprayer ensure a quick and complete coverage in the nook & corners of walls, ceilings, or furniture.
North America painting tools market is set to generate nearly USD 2 billion revenue by 2028. Improvement in the overall economic growth is expected to foster industry expansion. Stable raw material prices owing to stable oil supply will further propel industry demand.
Some of the major manufacturers include Gordon Brush, Mill-Rose Company, Braun Brush, Purdy, Anderson Products, Milton Brushware, Allway Tools, Harbor Freight Tools, EPOS Egypt, Dura Paints, Asian Paints, MAAN, NOUR Egypt, PETA Decorating, JAT Holdings, Technochem Industries, and Nespoli Group.