Painting Tools Market: Global Industry Analysis and Forecast (2023-2029)

Painting Tools Market was valued at US$ 12.07 Bn. in 2022. Global Painting Tools Market size is estimated to grow at a CAGR of 5.78%.
Painting Tools Market Overview:
Painting tools are handheld tools or equipment, which are designed to enhance and simplify the overall task of a painting by reducing wastage of paints and materials. Printing tools are highly proficient, inexpensive, and used for several applications among the various industries including construction, automotive, furniture, industrial machinery, and equipment. The painting tools include brushes, rollers, buckets, spray guns, scrappers, and liners along with various sizes and specifications are available in the market. Technological advancements along with growing automation and the construction industry have led to the penetration of better painting techniques across the globe, which in turn painting tools market is growing at a significant rate.To know about the Research Methodology:- Request Free Sample Report

2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analyzed especially with the impact of lockdown by region.
Dynamics:
Rapid Urbanization and Growing Infrastructure investment across the globe:
Growing demand for oxidization resistant and noticeable textures in residential & commercial buildings are basically driving the painting tools demand across the globe. Rapid urbanization along with growing infrastructure investment among developing countries like India and China is expected to uplift the painting tools market growth during the forecast period. For example, India is expected to invest more than US$ 777.73 billion in infrastructure by 2022. The global infrastructure investment is expected to be around US$ 900 billion annually by 2025 with a CAGR of 5.23% through the forecast period. In addition, governments across the globe are investing in tourism, which in turn increases commercial & building renovation, is also boosting the market growth. For instance, various governments across the globe have invested more than 61.746 billion in 2019 for the tourism industry.
Advancements in technology in the paints and painting tools market:

The growing awareness regarding more aesthetically pleasing standards of paint for their working and home environments and rising per capita income along with growing expenditure on painting are driving the painting tools market growth across the globe. Major players in the painting tools industry across the globe are continuously developing new revolutionary paints to provide benefits such as moisture-resistant paint, washable paint, anti-fungal paint, and odor-reducing paint. Consumers are upgrading the paint on both the outside and interior of their properties as a result of the new paint options available on the market. In addition, key companies are also introducing virtual painters, which allow customers to visualize the paint job in 3D, which in turn, is expected to boost the use of painting tools throughout the forecast period.

Thanks to the growing environmental concerns, eco-friendly paint paints with low or no volatile organic compounds (VOC) are becoming more popular. The global trend of Do-It-Yourself (DIY) painting, aided by the widespread availability of simple to use and ergonomic painting tools, is expected to boost the market for painting tools. Various painting tools are being introduced and modified with newer, more ergonomic, and beneficial features that improve paint job productivity and effectiveness, resulting in the growing demand for the product. However, the high cost of the painting tools along with lower consumer awareness regarding the painting product usage is expected to hamper the painting tools market growth throughout the forecast period.
Painting Tools Market Segment Analysis:
Based on the Type, the Painting Tools Market is segmented into Brushes, Scrapers, Rollers, Spray guns, and Trays. The Rollers segment held the largest market share, accounting for 44.37% in 2022. Increasing structural reorganization plans and the use of more powerful painting tools are driving the demand for the product for this segment. The paint roller demand is expected to benefit from consumers' growing interest in home interior design. It helps to reduce paint waste, which is one of the key growth possibilities for the paint rollers segment. In addition, the expensive cost of paint rollers compared to traditional painting tools is restricting market expansion.



Based on the Application, the Painting Tools Market is segmented into Construction, Appliances, Automotive, Industrial equipment & machinery, Furniture, and Packaging. The Construction segment held the largest market share, accounting for 41.23% in 2022. The segment is further segmented into residential, commercial, and industrial applications. The growing construction industry in developing countries like China and India is boosting the overall growth of the painting tools market growth for this segment. The growing population across the globe leads to an increased demand for accommodation building, which in turn is expected to drive the painting tools to demand through the forecast period.

The Furniture segment is expected to witness significant growth at a CAGR of 4.53% during the forecast period. Furniture requires less contaminant resistance and is made using a combination of equipment that provides process dependability with consuming less energy. The growing adoption of the product in Furniture painting is boosting the painting tools market growth for this segment.
Regional Insights:
Asia Pacific region held the largest market share accounted for 37.11% in 2022. The region's growth is attributed to the growth. A growing disposable income of the average middle class, rapid urbanization, shortening of repainting cycle, and increase in the sale of premium-end products in the region are pushing the painting tools market growth for the Asia Pacific region. Growing paint consumption in the region is also driving the product demand in the region. In 2019, India's per capita consumption of paints was at 4.1 kgs compared to the global per capita paint consumption were an average of 13-15 kgs. As a result, is expected to create huge opportunities for the painting tools market through the forecast period.

The North American region is expected to witness significant growth at a CAGR of 5.69% during the forecast period. In U.S., the painting and coating industry annually produces more than 28 billion in revenue with a CAGR of 1.42%. The growing construction industry in the United States along with a strong economy is boosting the product demand in the region. The growing population is expected to boost the demand for housing, and more than 17 million household projects are expected to be constructed throughout the forecast period, which in turn is expected to boost the product demand in the region.

The objective of the report is to present a comprehensive analysis of the global Painting Tools Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Painting Tools Market dynamic, structure by analyzing the market segments and projecting the Painting Tools Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Painting Tools Market make the report investor’s guide.
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Painting Tools Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 12.07 Bn.


Forecast Period 2023 to 2029 CAGR:
5.78%
Market Size in 2029:
US $ 17.89 Bn.


 Segments Covered:
by Type
Brushes
Scrapers
Rollers
Spray guns
Trays


by Application
Construction
Appliances
Automotive
Industrial equipment & machinery
Furniture
Packaging



Painting Tools Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Painting Tools Market Key Players
1. Nour
2. Dura Paints
3. MAAN
4. Mill-Rose
5. Gordon Brush
6. Braun Brush
7. Anderson Products
8. Purdy
9. Milton Brushware
10.Allway Tools
11.Richard Tools
12.EPOS Egypt
13.Harbor Freight
14.Nespoli Group
15.Mill-Rose Company
16.USA tools
17.Shawky Brush
18.Roller Factory
19.Makinah
Frequently Asked Questions:
1] What segments are covered in the Painting Tools Market report?
Ans. The segments covered in the market report are based on Type, Application.

2] Which region is expected to hold the highest share in the Painting Tools Market?
Ans. The Asia Pacific region is expected to hold the highest share in the market.

3] What is the market size of the Painting Tools Market by 2029?
Ans. The market size of the market by 2029 is US$ 17.89 Bn.

4] What is the forecast period for the Painting Tools Market?
Ans. The forecast period for the Painting Tools Market is 2023-2029.

5] What was the market size of the Painting Tools Market in 2022?
Ans. The market size of the Painting Tools Market in 2022 was US$ 12.07 Bn.