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2021
Spraying & Plastering Machine Market

Spraying & Plastering Machine Market

by Equipment Type (Spraying and Plastering), End User (Residential Sector and Non-Residential Sector), Sales Type (New Equipment Sales and Aftermarket Sales), Construction Type (New Construction and Renovation & Repairs), and Application (Wet Mix and Dry Mix): Global Opportunity Analysis and Industry Forecast, 2021-2030
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Report Code: A02995
Pages: 370
Sep 2021 | 6389 Views
Author(s) : Digvijay P , Onkar S
Tables: 253
Charts: 89
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COVID-19

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The spraying & plastering machine market size was valued at $2,510.6 million in 2020, and is expected to reach $4,515.5 million by 2030, registering a CAGR of 6.1% from 2021 to 2030. Spraying & plastering machines are two different machines designed for spraying concrete and refractory mixtures on dry walls and plastering machines are used to apply mortar on walls to enhance appearance of the surface. There are also plastering machines designed specifically for a structure’s interiors. These machines are used in residential as well as non-residential construction purposes. These machines can use dry mix concrete as well as wet mix concrete.

The spraying & plastering machine market was initially hampered owing to restrictions on construction activities during lockdown. In addition, manufacturing of these machines was also affected during the period. However, the market started recovering as lockdown restrictions were uplifted.

The major driving factor of the spraying & plastering machine market is  increasing government expenditures for infrastructural development, where rapid urbanization and industrialization in developing countries has given rise to construction activities. Growth in demand for construction & infrastructure developments largely drives the spraying & plastering machine market. Industries such as construction, mining and tunneling, require spraying & plastering machine that can spray concrete and plaster on walls directly by spraying concrete on the construction site. In addition, development in manufacturing technology for construction activities are one of the major driving factors of the market. Rise in demand for fast paced manufacturing with accuracy and paced machinery are rapidly developing. Moreover, hiring skilled labors in developed nations, especially in Europe, incurs high cost. In addition, high cost of labor service increases overall budget of projects. However, spraying & plastering machines help in saving this expenditure, as spraying & plastering machine can save the work time and give better results.

Spraying-&-Plastering-Machine-Market-2021-2030[1]

However, spraying & plastering machines are construction equipment that are expensive compared to labor costs, which restrains growth of the market. In addition, use of alternative building materials, owing to climatic changes has declined use of concrete and mortar in the construction industry, which leads to decline in demand for spraying & plastering machine in the market.

Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of spraying & plastering machines as well as their demand in the market, which restrains the spraying & plastering machine market growth. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of spraying & plastering machine companies at their full-scale capacities, which is expected to help the spraying & plastering machine market to recover by end of 2021.

Furthermore, use of spraying & plastering machine saves a lot of construction time. In addition, spraying & plastering activities can be carried out by using these automated machines, which further saves manpower, therefore, is anticipated to open new avenues for the spraying & plastering machine market during the forecast period.

Spraying & Plastering Machine Market
By Equipment Type

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Spraying segment holds the largest share in Spraying & Plastering Machine market

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The spraying & plastering machine market is segmented into equipment type, end-user, sales type, construction type, application, and region. By equipment type, the market is segregated into spraying and plastering. By end-user segment, it is divided into residential sector and non-residential sector. On the basis of sales type, the market is divided into new equipment sales and aftermarket sales. Construction type covered in the study include new construction and renovation & repairs. On the basis of application, the market is divided into wet mix and dry mix.  Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Spraying & Plastering Machine Market
By Application

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Wet mix segment holds dominant position in 2020

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On the basis of equipment type, in 2020, the spraying segment dominated the spraying & plastering machine market, in terms of revenue, whereas the plastering segment is expected to witness growth at the highest CAGR during the forecast period. By end-user, the non-residential sector segment led the market in 2020, in terms of revenue; however, the residential sector segment is anticipated to register highest CAGR during the forecast period. Depending on sales type, the new equipment sales segment led the market in 2020, in terms of revenue. Conversely, the aftermarket sales segment is anticipated to exhibit the highest CAGR in the coming years. As per construction type, in 2020, the new construction segment dominated the spraying & plastering machine market, whereas the renovation & repairs segment is expected to witness growth at the highest CAGR in the future. On the basis of application, in 2020, the wet mix segment dominated the spraying & plastering machine market, in terms of revenue, whereas the dry mix segment is expected to witness growth at the highest CAGR during the forecast period. Region wise, Europe garnered the highest revenue in 2020; however, LAMEA is anticipated to register highest CAGR during the forecast period.

Spraying & Plastering Machine Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Europe holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Competition analysis

The major players profiled in the spraying & plastering machine market include ACME Equipment Pte Ltd, FILAMOS, s. r. o., IMER International SpA, Kappa Building Machines Pvt. Ltd, Normet, Sany Group (Putzmeister), Schwing Stetter Group, Sika AG, Titan Ltd., and Zhengzhou Sincola Machinery Co., Ltd. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the spraying & plastering machine market.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current trends, future estimations, and dynamics of the spraying & plastering machine market.
  • In-depth spraying & plastering machine market analysis is conducted by estimations for the key segments between 2021 and 2030.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The spraying & plastering machine market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the spraying & plastering machine industry.

Spraying & Plastering Machine Market Report Highlights

Aspects Details
BY EQUIPMENT TYPE
  • Spraying
  • Plastering
BY END-USER
  • Residential sector
  • .Non-residential sector
BY SALES TYPE
  • New equipment sales
  • Aftermarket sales
BY CONSTRUCTION TYPE
  • New construction
  • Renovation & repairs
BY APPLICATION
  • Wet mix
  • Dry mix
BY REGION
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Rest of Europe)
  • ASIA-PACIFIC  (China, Japan, South Korea, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ACME Equipment Pte Ltd., Filamos s.r.o., IMER International SpA, Kappa Building Machines Pvt. Ltd, Normet, Sany Group (Putzmeister), Schwing Stetter Group, Sika AG, Titan Ltd, .Zhengzhou Sincola Machinery Co., Ltd.
 

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The spraying & plastering machine market was valued at $2,510.6 million in 2020, and is expected to reach $4,515.5 million by 2030, registering a CAGR of 6.1% from 2021 to 2030. Growth of the spraying & plastering machine market is majorly driven by increase in government expenditures for infrastructural development, development in manufacturing technology, and lack of skilled labor in developed countries.

However, high initial investments and use of alternative building materials acts as a major restraint of the spraying & plastering machine market. On the contrary,      need for reduced construction time and cost-effective products is expected to create opportunities for growth of the spraying & plastering machine market during the forecast period.

Major companies in the market have adopted strategies such as product launch and business expansion to offer better services to customers in the spraying & plastering machine market.

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FREQUENTLY ASKED QUESTIONS?

A. The spraying & plastering machine market was valued at $2,510.6 million in 2020, and is expected to reach $4,515.5 million by 2030, registering a CAGR of 6.1% from 2021 to 2030.

A. The forecast period considered for the global spraying & plastering machine market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. To get latest version of global spraying & plastering machine market report can be obtained on demand from the website.

A. The base year considered in the global spraying & plastering machine market report is 2020.

A. The top companies holding the market share in the global spraying & plastering machine market report include ACME Equipment Pte Ltd, FILAMOS, s. r. o., IMER International SpA, Kappa Building Machines Pvt. Ltd, Normet, Sany Group (Putzmeister), Schwing Stetter Group, Sika AG, Titan Ltd and Zhengzhou Sincola Machinery Co., Ltd.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By equipment type, the spraying segment dominated the global spraying & plastering machine market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By end-user, the non-residential sector segment is the highest share holder of global spraying & plastering machine market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global spraying & plastering machine market is $2,641.1 million in 2021.

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