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The spray gun market size is estimated to grow at a CAGR of 3.53% between 2022 and 2027. The market size is forecast to increase by USD 247.09 million. The growth of the market depends on several factors, including the growing paints and coatings market, the growth of the automotive, healthcare, and furnishing industries, and the strict government regulations.
This report extensively covers market segmentation by product type (HVLP, airless, pneumatic, electrostatic, and LVLP), type (manual and automatic), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Spray Gun Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Some of the main factors that are significantly fuelling the growth of the global paints and coatings market are the rise in living standards across the world, rapid urbanization, and the growth of economies worldwide. As a result, there has been an increasing spending by consumers on luxury and comfort products that can create demand for superior-quality, visually appealing products, including vehicles and furniture.
Moreover, there is a significant growth of the paintings and coatings market in APAC, mainly in developing economies such as China and India. Factors such as the growing population, the increasing number of middle-class consumers, and rapid urbanization are fuelling the demand for paints and coatings, particularly in the construction, automotive, and public infrastructure industries. Hence, such factors are expected to drive market growth during the forecast period.
There is an increasing focus on reducing environmental pollution which is significantly fuelling the use of low volatile organic compounds (VOCs) and environmentally friendly paints among end-users. Additionally, there is an increasing focus on the proper disposal of painting tools such as brushes, rollers, tarps, and cleaning solutions that can pollute the environment.
Moreover, there is a growing demand for eco-friendly painting tools. across the industries. One of the prominent market players, Warner Manufacturing Co. provides biodegradable products including scrapers and paint mixers, which are manufactured from products such as tapioca and potato starch instead of plastics. Hence, such factors are positively impacting the market which in turn will drive the market growth during the forecast period.
One of the major challenges associated with the use of paintings and coatings is the high health hazards as well as the environmental impacts related to it. A majority of the paints and coating that are extensively used across different industries constitute harmful chemicals, including isocyanates, solvents, and pigments.
Moreover, the release of VOCs as a by-product of the use of paint thinners can severely impact the environment. Additionally, Isocyanates are used as hardeners in clearcoats, and primers in low quantities are harmful to humans. Hence, such factors are expected to hinder the market growth during the forecast period.
The HVLP segment is estimated to witness significant growth during the forecast period. There is an increasing adoption of HVLP paint spray guns segments across several industries as they are specially designed to minimize overspray and emissions of volatile organic compounds (VOCs), which are harmful to the environment and human health. The surge in adoption of this segment is fuelled by the implementation of strict regulations of VOC emission by several countries such as the US and the UK.
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The HVLP segment was the largest segment and was valued at USD 535.90 million in 2017. The main advantage of the HVLP segment is its high transfer efficiency as more paint actually reaches the surface being painted, and less is wasted as overspray. As a result, there is an increasing adoption of this segment across industries as it can lead to cost savings for businesses due to reduced paint consumption and less cleanup required. Additionally, this segment produces a finer atomization of paint particles, leading to a smoother and more even finish, resulting in its extensive use in automotive painting and furniture manufacturing industries where high-quality finishes are essential. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Type Segment Analysis:
Based on type, the segment is classified into manual and automatic. One of the main standardized equipment that is extensively used in industries including automotive, pharmaceutical, and furnishing is the manual spray gun segment. Some of the main advantages offered by manual paint spray guns include low cost, low maintenance, excellent material atomization, and excellent operator control. The cost of this segment is relatively lower than the automatic segment. Additionally, its maintenance is easier as there is only a low number of components when compared to the automatic segment. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecasting period.
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APAC is estimated to contribute 43% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the global spray gun market in APAC include the increase in production and demand for vehicles and the growing number of construction activities in the region. Additionally, there is a growing demand for basic necessities in the region such as housing and transportation due to the the high population growth rate.
Additionally, factors such as the increasing urbanization level and the strong economic growth of regional economies are positively impacting the market growth in the region. For instance, on July 31, 2020, the Government of India announced the Affordable Rental Housing Scheme (AHRC) scheme to provide affordable rental accommodation to migrant workers. Furthermore, several factors such as rapid urbanization and the increasing per capita income of the population, the demand for vehicles, especially four-wheelers are expected to drive the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global spray gun market witnessed a significant slowdown due to the temporary closure of manufacturing units resulting in a decline in demand for spray guns across industries in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of manufacturing operations. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co: The company offers spray guns such as the 3M Performance paint spray guns system with PPS 2 sales kit, 3M Accuspray HGP spray gun kit, and 3M Accuspray ONE spray gun.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ANEST IWATA Corp., Asahi Sunac Corp., Bellows Paint Equipment Pvt. Ltd., Carlisle Companies Inc., Everest Industrial Corp., Fuji Industrial Spray Equipment Ltd., Graco Inc., J Wagner GMBH, JMD International, Ningbo Lis Industrial Co. Ltd., Nordson Corp., Prowin Tools Co., SATA GmbH and Co. KG, Sindhu Enterprises, Technochem Industries, V. R. Coatings Pvt. Ltd., Willson Enterprise, Zhejiang Auarita Pneumatic Tools LLC, and Zhejiang Rongpeng Air Tools Co. Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The spray gun market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Spray Gun Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.53% |
Market growth 2023-2027 |
USD 247.09 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.25 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., ANEST IWATA Corp., Asahi Sunac Corp., Bellows Paint Equipment Pvt. Ltd., Carlisle Companies Inc., Everest Industrial Corp., Fuji Industrial Spray Equipment Ltd., Graco Inc., J Wagner GMBH, JMD International, Ningbo Lis Industrial Co. Ltd., Nordson Corp., Prowin Tools Co., SATA GmbH and Co. KG, Sindhu Enterprises, Technochem Industries, V. R. Coatings Pvt. Ltd., Willson Enterprise, Zhejiang Auarita Pneumatic Tools LLC, and Zhejiang Rongpeng Air Tools Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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