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The spray gun market size is estimated to grow by USD 229.8 million at a CAGR of 3.2% between 2023 and 2028. An emerging trend shaping the market is the increasing usage of eco-friendly painting tools. With a growing emphasis on mitigating environmental pollution, there has been a notable surge in the adoption of low-volatile organic compounds (VOCs) and eco-friendly paints among consumers. Moreover, there is heightened attention given to the responsible disposal of painting tools such as brushes, rollers, tarps, and cleaning solutions to prevent environmental contamination. This trend reflects a broader shift towards sustainability in the painting industry, driven by consumer preferences for environmentally friendly products and practices. As awareness of environmental issues continues to grow, the demand for eco-friendly painting tools is expected to further increase, prompting manufacturers to innovate and develop more sustainable solutions to meet consumer needs while minimizing environmental impact.
Market Forecast 2024-2028
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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 550.90 million in 2018. 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 during the forecast period.
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 during the forecasting period.
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APAC is estimated to contribute 33% to the growth by 2028. 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 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 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.
The market is witnessing significant growth, driven by innovations such as airless spray guns and electrostatic technology. With a global presence, the market caters to diverse sectors, including the automotive sector, leveraging advancements to meet industry demands efficiently. External power sources further enhance performance, while time remains a crucial factor in optimizing productivity. As part of the global paint spray guns market, these devices continue to evolve, offering precision and versatility across various applications. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
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 the market 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 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 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 market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market witnesses continuous innovation, with a focus on advancements such as microprocessors for smart controls and automatic functionality, enhancing usability and efficiency. External power sources and modular coating gun controllers enable flexibility in various applications, from automobile and aerospace sectors to building construction. While low pressure spray guns cater to luxury furnishing products, high pressure counterparts ensure quick painting with a blemish-free surface finish. Environmental goals drive the adoption of low VOC spray adhesives and cleanability features, aligning with health hazard regulations in hospitals and production lines. Despite challenges like high costs and training, spray guns remain indispensable for achieving aesthetics and durability in consumer durables and vehicle painting applications.
Further, the market is characterized by constant advancements to enhance usability and efficiency. From air pressure and automatic spray guns to nitrogen and water variants, a wide range caters to diverse industries like aerospace and automobile sectors and building construction. Microprocessor-based controls enable precise application, while modular coating gun controllers offer flexibility. Challenges include the high cost of spray guns and the need for affordability. Robotic arms and touchless processes streamline operations, ensuring consistent spray patterns and air quality. While paint brushes and manual spray guns persist, the market witnesses a shift towards automated and high-pressure solutions for improved painting outcomes.
Further, the market experiences constant advancements in paint spray gun enhance usability of paint spray guns cater to various industries like the aerospace and automobile sectors. Innovations include external power sources and high pressure spray guns variants, meeting diverse needs in building construction sector. Nitrogen and water spray guns offer alternative solutions, while touchless processes streamline operations. Challenges such as the high cost of spray guns persist, impacting affordability in the market. Raw materials influence product quality, alongside factors like weight of paint spray guns and spray pattern. Flow regulator and airbrushes ensure precision, while modular coating gun controllers offer flexibility. Amidst these, Onkar Sumant emerges as a notable figure, contributing to market insights and developments. The market caters to diverse industries like construction and manufacturing and the automotive sector with innovations in automatic paint spray guns. These guns efficiently coat various surfaces such as wood, metal, stone, and fabric. Featuring technologies like HVLP (High Volume Low Pressure) and LVLP (Low Volume Low Pressure), they optimize paint application while saving time and reducing waste. With a global reach, the market continuously evolves, integrating advancements like airless spray gun and accommodating various power sources for enhanced efficiency and performance.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.2% |
Market growth 2024-2028 |
USD 229.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.07 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, China, India, Germany, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., ANEST IWATA Corp., Asahi Sunac Corp., Bullows 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 forecasting, market growth and trends, market report, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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