Painting Tools Market volume will cross 1.9 billion units by 2024
SELBYVILLE, Del., June 20, 2018 /PRNewswire-iReach/ -- Painting Tools Market from construction application is projected to reach 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.
Global Painting Tools Market size is estimated to surpass USD 14 billion by 2024. 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 demand.
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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.
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.
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.
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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 equipment.
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.
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Some of The Major Chapters from TOC:
Chapter 4. Painting Tools Market, By Product
4.1. Global painting tools industry share by product, 2016 & 2024
4.2. Brushes
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Rollers
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Scrapers
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Knives
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Trays
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
4.7. Spray gun
4.7.1. Market estimates and forecast, 2013 - 2024
4.7.2. Market estimates and forecast, by region, 2013 – 2024
4.8. Masking tapes
4.8.1. Market estimates and forecast, 2013 - 2024
4.8.2. Market estimates and forecast, by region, 2013 – 2024
4.9. Others (extension poles, sanding tools, trowels)
4.9.1. Market estimates and forecast, 2013 - 2024
4.9.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. Painting Tools Market, By Application
5.1. Global painting tools industry share by application, 2016 & 2024
5.2. Construction
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.2.3. Residential
5.2.3.1. Market estimates and forecast, 2013 - 2024
5.2.3.2. Market estimates and forecast, by region, 2013 – 2024
5.2.4. Commercial
5.2.4.1. Market estimates and forecast, 2013 - 2024
5.2.4.2. Market estimates and forecast, by region, 2013 – 2024
5.2.5. Industrial
5.2.5.1. Market estimates and forecast, 2013 - 2024
5.2.5.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Automotive
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Appliances
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
5.5. Furniture
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
5.6. Industrial machineries & equipment
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Market estimates and forecast, by region, 2013 – 2024
5.7. Packaging
5.7.1. Market estimates and forecast, 2013 - 2024
5.7.2. Market estimates and forecast, by region, 2013 – 2024
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