Market Definition:
The global paint spray guns market was valued at US$ 1.5 billion in 2021 and it is anticipated to grow up to US$ 2.3 billion by 2031, at a CAGR of 4.0% during the forecast period.
A paint spray gun is equipment used for applying paint to a surface. Unlike the paintbrush and roller, a paint spray gun uses external pressure to transform the paint into fine particles and direct them toward the surface as a spray. A typical paint spray gun constitutes a flow regulator, airhead, nozzle, and paint tank. The spray nozzle operates by impinging high-velocity turbulent air on the surface of filaments or films of liquid, causing them to collapse into droplets with a wide range of sizes. Spray guns are available as stationary equipment for painting automobiles, furniture, and appliances.
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Market Outlook:
The automobile sector is witnessing a considerable rise to paint vehicles, and automobile manufacturers predominantly use paint spray guns. Thus, a rise in the automotive industry is anticipated to drive the growth of the paint spray gun market. Similarly, the building construction sector is witnessing a rise worldwide due to the increasing population. Since paint spray guns are used widely in painting walls, the growing demand in the construction sector is anticipated to drive the demand for paint spray guns. Further, the manufacturing sector is also witnessing a rise, owing to the rise in disposable income of people around the world. In addition, consumer durables are anticipated to witness growth at a significant rate. The 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, the manufacturing sector’s rise is anticipated to positively influence the paint spray gun market. Hence, rising demand from end-use industries boosts market growth.
Market Restraints and Challenges
Although paint spray guns have several benefits, still some of the end users prefer its alternative, named paint rollers, over paint spray guns due to multiple factors. Firstly, if the user has never used a paint spray gun before, then it might not be easy for the first time. Beginners often experience drips, uneven coverage, runs, and get paint all over the place. Achieving an even coat with a paint sprayer takes a lot of trial and error. Secondly, paint sprayers use about 33% more paint than rollers, according to the article published by Acton Media Inc. in April 2021. Rolling paint is a budget-friendly way to go for a fraction of the cost. All roller items are inexpensive compared to the purchase and maintenance of a paint sprayer. Therefore, paint sprayers are fast, expensive, involve time-consuming prep, and are not the best option for beginners because of the learning curve. On the other hand, paint rollers offer more control and use less paint, but they sacrifice speed. Hence, paint spray guns alternative, paint rollers, create challenges for the global paint spray guns market.
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Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Segmental Overview
The report analyses the global paint spray guns market based on product type, technology, end-use industry, and region.
Major Players in the Global Paint Spray Guns Market
The key players studied in the global paint spray guns market are 3M (US), ANEST IWATA USA, INC. (US), Asahi Sunac Corporation (Japan), DSTech Co., Ltd. (South Korea), EXEL Industries (France), FUSO SEIKI Co., Ltd. (Japan), Graco Inc. (US), Ningbo Lis Industrial Co., Ltd (China), Nordson Corporation (US), and Wagner SprayTech Corp. (US).
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Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2021 – US$ 1.5 Billion
• Market Size in 2031 – US$ 2.3 Billion
• CAGR % – 4.0%
• Historic Period – 2015-2020
• Forecast Period – 2022-2031
• Base Year – 2021
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