Painting Tools Market size to exceed $15.5 bn by 2025

Painting Tools Market size is estimated to surpass USD 15 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Increasing infrastructure projects along with steady support from public private partnerships are among the major driving factors for growth in the construction industry which in return will drive the overall painting tools market size. Increasing needs for houses along with investment regarding infrastructure development is estimated to fuel the industry growth. Rising smart cities demand and increased construction expenditure for economically stabilizing countries is expected to propel the painting tools market expansion.

 

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Population growth, environmental impacts and urbanization has up surged the need for smart and sustainable infrastructure solutions. For instance, global construction industry is set to grow at around 2.8% up to 2021. In addition, providing efficient building methods coupled with ability to offer effective integration, planning and designing, are the major factors further propelling the painting tools market growth. This has resulted in demand for painting brushes and rollers as they are widely used in painting houses.
 

North America Painting Tools Market, By Product, 2018 & 2025, (USD Million)
Painting Tools Market

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Rising awareness among people about the major link between infrastructure and quality of life may has resulted in a major public policy shift, thus driving painting tools market in the major demographic regions. An upsurge in the applications of paints & coatings on the consumer electronic products will fuel the industry demand. Rapid technological advancements pertaining to new & improved designs of the painting tools along with significant R&D investments by the key players will proliferate the business share. However, lack of availability of the skilled labor and rising labor costs in the developed economies such as China, U.S., UK, and Canada may hamper the overall trade across the globe.
 

Browse key industry insights spread across 300 pages with 217 market data tables & 26 charts & figures 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 Machineries & Equipment, Packaging) Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, Iran, Iraq, Egypt, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/painting-tools-market
 

Spray gun accounted for a share of more than 21% in the overall painting tools market in 2018. Spray gun consists of a powerful pressure nozzle with a container at bottom in which the paints & coatings are loaded. Key benefits such as high application speed & accessibility, even coating on the surface, and easy availability of various sizes will enhance the industry share. In addition, high versatility, greater productivity, accurate finish, and less wastage of the paints are among the major factors further driving the overall segment growth.
 

Painting tools market from residential construction is anticipated to witness over 6% growth in terms of revenue up to 2025. Growing population, increasing regulatory support from various government bodies, and surging incorporation of the green technologies in the building projects will enhance the segment scope in the market. Additionally, rising popularity of the multi generation suites in the new home construction sector along with extra kitchen in the apartment will further propel segment growth in the overall painting tools market share.
 

Appliances application is projected to surpass USD 900 million in the global painting tools market by 2025. Key factors such as increasing technological advancements, rapid urbanization, increasing per capita income, and escalating number of smaller households will promulgate the business expansion. Besides, shifting consumer preferences towards new & improved kitchen and living room decors along with significant protection of appliances from damage will provide positive scope for the segment growth in the overall market share.

 

Europe accounted for over USD 2 billion in the overall painting tools market in 2018. Surging product demand from professional craftsmen in the architectural industry and quality minded home improvement enthusiasts will propel the industry expansion. In addition, rising demand from the decorative paints segments along with general industrial applications will further enhance the overall painting tools market growth across the region. Moreover, shifting consumer preferences towards the aesthetics and designs of the walls in the residential and commercial buildings will promulgate the market share.

 

Gordon Brush, Asian Paints, Nespoli Group, Dura Paints, and Anderson Products are among the major manufacturers in the business. Global painting tools market share is highly competitive with the presence of major multinational corporations. The key manufacturers are involved in numerous production capacity expansions, mergers & acquisitions, new product launches, and long-term agreements to gain a competitive edge over other players. For instance, on 21st March 2019, Gordon Brush announced the acquisition of Spectrum Paint Applicator Corp. which is the leading producer of consumer & industrial paint brushes along with paint rollers and artist brushes. The acquisition will strengthen the company presence in the paint brush industry across the globe.
 

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Painting tools market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Units & revenue in USD Million from 2013 to 2025, for the following segments:

Painting Tools Market, By Product

  • Brushes
  • Rollers
  • Scrapers
  • Knives
  • Trays
  • Spray Gun
  • Masking Tapes
  • Others (extension poles, sanding tools, trowels)

Painting Tools Market, By Application

  • Construction
    • Residential
    • Commercial
    • Industrial
  • Automotive
  • Appliances
  • Furniture
  • Industrial machineries & equipment
  • Packaging

The above painting tools market information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Indonesia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Iran
    • Iraq
    • Egypt
    • South Africa

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