Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A08251 | Pages: 222 | Charts: 63 | Tables: 152 |
The Global Paint Spray Guns Market was valued at $1.5 billion in 2021, and is projected to reach $2.3 billion by 2032, growing at a CAGR of 3.6% from 2023 to 2032. Paint spray gun is an equipment used for applying paint to a surface. Unlike the paint brush and roller, it uses external pressure to transform the paint into fine particles, and direct them toward the surface in the form of spray. A typical paint spray gun constitutes an airhead, flow regulator, nozzle, and a paint tank.
Painting is one of the most crucial aspects of any product, object or a building. By applying paint to a surface of product, object or a building, their durability can be enhanced. This is due to the fact that paint offers a barrier between the harsh conditions of the environment and the product. Furthermore, paint enhances the looks and aesthetics of that product, object, or a building. A paint spray gun can paint the required surface faster, than paint brushes and rollers. In addition, the paint spray can reach in the difficult to access voids and spaces on the surface. Moreover, since spray painting is a touchless process, the paint finish is blemish free and of high quality. Such advantageous features are anticipated to drive the paint spray guns industry.
In addition, the adoption of both automatic and manual paint spray guns are growing. Automatic paint spray guns are used by the large manufacturer and are often placed in production lines. These are held by robotic arms and offer a high-speed painting. They are often used by manufacturers having high production speeds. Moreover, they provide even finish without any blemishes. In addition, since there is no operator in the vicinity of the paint spray, the health hazard is significantly reduced.
Moreover, manual paint spray guns are used by small manufacturers who do not have a state-of-the-art production line. These paint spray guns are highly versatile and can be used to paint any surface in any given conditions. They are simple in design, are highly affordable and easy to maintain. Moreover, they only require small training to be able to use them. Such factors are anticipated to drive the growth and helped in expansion of paint spray guns market size.
Furthermore, the automobile sector is witnessing a considerable rise, despite the negative impact of COVID-19. In order to paint vehicles, automobile manufacturers predominantly use paint spray guns. Thus, rise in automotive industry is anticipated to drive the growth of the paint spray gun market. Moreover, building construction sector is witnessing a rise across the world owing to rise in population and urbanization. Since, paint spray guns are used widely in painting of walls, the increase in construction sector is anticipated to drive the demand for paint spray guns.
Furthermore, manufacturing sector is also witnessing a rise, owing to rise in disposable income of people around the world. In addition, the consumer durables are anticipated to witness growth at a significant rate. 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, rise in manufacturing sector is anticipated to positively influence the paint spray gun market. Furthermore, the developments in the paint spray guns have enabled them to be light in weight, quickly cleanable, and include microprocessor-based controls, which are anticipated to provide lucrative opportunities for the paint spray guns market growth.
[PRODUCTTYPEGRAPH]
The paint spray guns market is divided into airless, pneumatic, HVLP, LVLP and electrostatic. In 2021, HVLP segment registered the highest revenue as high volume low pressure spray gun is very efficient as it typically does not overspray. The LVLP segment is expected to grow at highest CAGR as High volume low pressure spray gun is very efficient as it typically does not overspray.
Furthermore, paints can be applied via various mediums, such as brush, roller, spray guns, and others. However, spray guns are the most efficient and completes the task in fraction of time. Unlike the other mediums, paint spray guns use little amount of paint to cover a large surface area; in addition, it does not stain the operator and the floor. Moreover, paint spray guns offer a contactless painting; thereby preventing any blemishes on the paint surface and ensuring high quality finish.
A spray gun makes it easier to paint into smaller areas or tight corners, which can be difficult to reach with a brush. Paint spray guns are versatile, as they can be used for any type of surface. In addition, paint spray guns are equipped with systems to adjust air pressure, fluid flow and fan size; thus, offering high level of controllability. Along with this, spraying offers quality and consistent paint layer, and also reduces the runs, drips, sags, and trapped air bubbles. Such highly desirable advantages of the paint spray guns are anticipated to drive the growth during the paint spray guns market forecast period.
[TECHNOLOGYGRAPH]
The paint spray guns market is divided into automatic and manual. In 2021, manual segment registered the highest revenue as such paint spray guns are highly versatile and can be used to paint any surface in any given conditions. The automatic segment is expected to grow at highest CAGR as such paint spray guns are used by large manufacturers and are often placed in production lines. These are held by robotic arms and offer a high-speed painting.
In addition, the paint spray guns help in saving time and cost of the painting as such guns are versatile and can be used for painting of large area of surface at lower duration of time. Thus, this is growing the adoption of paint spray guns by different industries such as furniture, aerospace, and automotive. The paint used inside the guns are not only effective in providing finishing but it also helps in providing coating that helps in preventing the product from exposure to dust and different chemicals which further helps in maintaining the life of the product.
Major players in the industry have launched new guns to remain competitive in the pain spray guns market and enhance their product offerings. For instance, in May 2022, Graco Inc., a manufacturer of fluid handling equipment, introduced Contractor King™ air-powered protective coatings sprayer and the Silver Plus HP spray gun. The Contractor King™ air-powered protective coatings sprayer is compact in size; making it easy to use and handle. Other manufacturers such as 3M along with others have also introduced their new product offerings.
[ENDUSERINDUSTRYGRAPH]
The paint spray guns market is divided into automotive, construction, manufacturing, and others. In 2021, automotive segment registered the highest revenue as car manufacturers make extensive use of paint spray guns as they give a high appealing and blemish free painting. The manufacturing segment is expected to grow at highest CAGR as Manufacturing sector across the globe is rising at a significant pace, especially the industries involved in manufacturing consumer durables are witnessing considerable growth.
The novel coronavirus has rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the production of many components of paint spray guns due to lockdown. The economic slowdown initially resulted in reduced spending on automotives and various residential and non-residential building construction projects. However, owing to introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022 the number of COVID-19 cases have diminished significantly. This has led to the full-fledged reopening of paint spray gun manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
The paint spray guns market outlook is made on the basis of product type, technology, and end user industry. By product type, the market is categorized into airless, pneumatic, HVLP (high volume low pressure), LVLP (low volume low pressure), and electrostatic. On the basis of technology, it is bifurcated into automatic and manual. As per end-user industry, the market is categorized into automotive, construction, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021, accounting for the largest paint spray guns market share. LAMEA is anticipated to grow with the highest CAGR throughout the forecast period. This is attributed to high growth rate of disposable income of the region and a significantly large untapped market.
[REGIONGRAPH]
The paint spray guns market is analysed across North America, Europe, Asia-Pacific and LAMEA. In 2021, Asia-Pacific registered the highest revenue as Asia-Pacific region has emerged as a major market and manufacturing hub for automotives, owing to relatively easy environment guidelines and increase in disposable income of people across the region. The LAMEA is expected to grow at highest CAGR as Latin America is witnessing significant demand for electric vehicles, and in 2021, the demand almost doubled with about 35,000 electric vehicle units sold in Brazil alone.
The major players profiled in the paint spray guns market report included are 3M, Anest Iwata, Asahi Sunac, Auarita, DSTech Co., Ltd., Exel Industries, Fuso Seiki, Graco Inc., J. Wagner, Ningbo Lis Industrial Co., Ltd., Ningbo Navite, Nordson, Prowin Tools, Sata GmbH & Co. KG, Titan Tool Inc., Tritech Industries, Inc., and Zhejiang Rongpeng Air Tools Co., LTD.
Major companies in the market have adopted product launch, partnership, business expansion, and acquisition as their key developmental strategies to offer better products and services to customers in the paint spray guns market.
Key Market Segments
Key Market Players