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Painting Tools Market Trends research and
projections for 2017-2024: Global Market Insights
The Painting Tools Market trends are analyzed from recent past with an eye on
coming years in this report that also offers projections for Painting Tools industry
targeted at helping in business decisions. Growing urbanization along with
increasing infrastructure spending is anticipated to drive painting tools market
growth. Increase in government spending in tourism, commercial & building
renovation coupled with rise in retail industry has positively influenced the product
Construction applications is projected to surpass USD 10 billion by 2024. Rising
population, ongoing industrialization, expanding foreign investment funding across
developing economies will fuel the painting tools market. Globally, construction
industry is projected as one of the most lucrative industries in the coming years and
is forecast to have 4.5% growth rate in next five years.
Rising demand for corrosion resistant and attractive textures in residential &
commercial building are the preliminary factors driving painting tools demand.
Increasing architectural paint & coatings application in commercial buildings to
enhance aesthetic appearance will boost product penetration.
Rise in the global purchasing power parity from USD 13,100 in 2013 to USD 15,800
in 2015 provides a positive outlook for consumer goods industry. Increasing
application of coatings on consumer electronics products will stimulate demand.
High painting tools market price trend along with limited consumer awareness
regarding the product usage may hamper business growth.
Germany accounted over 15% of Europe painting tools market in 2016. Presence of
major automobile brands including BMW, Mercedes-Benz, Volkswagen, Porsche,
Opel and Audi in the country makes it a substantial contributor in European
automotive industry. Russia is expected to surpass 20% of the regional industry
share by 2024.
APAC painting tools market is set to witness growth over 6% through 2024.
Infrastructural advancement in China, Japan and India positively stimulates product
penetration in the regional industry.
Brushes are the largest selling and widely recognized product. Global production of
paint brushes surpassed 440 million units in 2016. Plastic handle brush are
extensively used in emerging countries, while high quality wooden handle is more
popular in North America and Europe.
U.S. Painting Tools Market Size, by Application, 2016-2024 (USD Million)
Rollers accounted more than 25% painting tools market demand in 2016.
Construction industry is the major consumer of rollers as it provides enhanced paint
layoff and reduce bristle loss. Offering unique design to the walls is among the key
factor driving product demand in modern wall designs.
Knives and scrapers will witness a substantial growth owing to rising demand for
high-class paint & coating application in residential and commercial construction.
The segment accounts over 17% demand in LATAM painting tools market by 2024.
Demand from automotive industry contributed over USD 550 million in 2016. Rising
demand for luxury vehicles including Cadillac, Infiniti, Maserati Ghibli, Jaguar, Range
Rover, Rolls-Royce, Porsche and Bentley has encouraged vehicle manufacturers to
utilize spray guns for vehicle coatings. Additionally, appealing finishing of vehicles is
accredited to usage of modern coating tools including trowels and sanding coat
Global painting tools market share is fragmented owing to presence of large number
of industry players. Mergers and acquisition plays a crucial role in gaining industry
Prominent manufacturers in painting tools market include Gordon Brush, Braun
Brush, Purdy, Anderson Products, Mill-Rose Company and Milton Brushware. Other
significant manufacturers are Allway, Nespoli Group, Harbor Freight, EPOS Egypt,
Shawky Brush & Roller Factory, Makinah, Dura Paints, MAAN and Nour Egypt.
Segmentation of Painting Tools Market:
Painting Tools Market research report includes in-depth coverage of the industry with
estimates & forecast in terms revenue in USD Million from 2013 to 2024, for the
Painting Tools Market, By Product
Painting Tools Market, By Application
Industrial Machineries & Equipment
The above information is provided on a regional basis for the following:
Middle East and Africa
• Saudi Arabia
• South Africa
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