Allied Market Research
Loading...
Cart
0

Paint Roller Market Expected to Reach $3.1 Billion by 2027- Allied Market Research

 

quote The paint roller market has witnessed significant growth over the past decade, owing to rise in urbanization in developing countries, increase in spending on home remodeling, and recovery in the construction sector. A number of players in painting tools industry are expanding their business to strengthen their foothold in the global market. By fabric, the blended segment dominated the paint roller market in 2019, in terms of revenue. This is attributed to the fact that increasing spending in the residential and industrial construction industry. Depending on end user, the residential segment is expected to grow at a higher CAGR during the forecast period, owing to the growth of residential construction activities across the globe. quote

Amar Chinchane
Lead Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Paint Roller Market by Fabric, Frame Size, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global paint roller market size was valued at $2.3 billion in 2019, and is projected to reach $3.1 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027.

The commonly observed types of paint roller are synthetic and blended. Among these, the blended segment accounts for the largest size by value, owing to increased demand from various industries such as construction and furniture. The market is analyzed with respect to different industrial verticals provided, such as industrial, commercial, and residential. The market is mainly driven by global economic growth, and development in residential, commercial, & industrial construction sectors. However, fluctuation in raw material prices limit the paint roller market growth.

In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for around 45.0% paint roller market share, followed by Europe and North America. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to urbanization and economic development in the developing countries such as India, China, and others.

The favorable FDI policies to promote residential and commercial sector around the globe drives the demand for the paint roller. In addition, increase in infrastructure spending and replacement of old buildings & structure with new one propels the demand for painting tools such as paint rollers.

Furthermore, based on end users, the residential segment is anticipated to grow rapidly, with a CAGR of 5.9% during the forecast period, due to rise in residential construction projects and growing urban population.

For instance, in February 2019, the government of UAE has given a tender of $2.7 billion for infrastructure projects under its public-private partnership (PPP) model. The infrastructure projects include residential and commercial structures. Similarly,  in October 2019, the government of South Korea and Inter-American Development Bank (IDB) collaborated to invest around US$1.3 billion in Latin American smart city projects. 

However, during a lockdown, owing to the coronavirus situation, various manufacturers in the global paint roller market to stop their business production due to lockdown implemented in countries such as China, the U.S., India, and others. This break directly impacted the sales of paint roller companies. In addition, lack of manpower and raw materials halts the supply of paint rollers. However, the reopening of production facilities and the introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of paint roller companies.

The key players profiled in the market report include Anderson Products, Beorol, Gordon Brush, Marshall Brushes & Rollers, Premier Paint Roller Manufacturing, Purdy, Quali-Tech Manufacturing, Stanley Black & Decker, Inc, Roll Roy, and The Wooster Brush Company.

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging paint roller market trends and dynamics.  
  • Depending on fabric, the blending segment dominated the paint roller market, in terms of revenue in 2019 and synthetic segment is projected to grow at a significant CAGR during the forecast period.
  • By end user, the residential segment registered highest revenue in 2019.
  • Asia-Pacific is projected to register the highest growth rate in the coming years. 
  • Depending on frame size, the medium segment dominated the market, in terms of revenue in 2019 and large segment is projected to grow at a significant CAGR during the paint roller market forecast period.
  • The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the paint roller industry. 
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market.  
  • In-depth paint roller market analysis is conducted by constructing estimations for the key segments between 2020 and 2027. 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Paint Roller Market by Fabric (Synthetic and Blended), Frame Size (Shorter, Medium, and Large), and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Paint Roller Market"
Purchase Enquiry