Automotive Spray Guns Market Size, Share, Growth, and Industry Growth, By Type (High Volume Low Pressure (HVLP), Low Volume Low Pressure (LVLP), and Others), By Application (Automotive Refinish and Automotive Produce), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Automotive Spray Guns Market REPORT OVERVIEW

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The global automotive spray guns market size was USD 454.22 million in 2021 and market is projected to touch USD 629.08 million by 2031, at a CAGR of 3.31% during the forecast period.

A spray gun is a piece of equipment that uses air pressure to apply liquids to surfaces, such as paint or varnish. It enhances the car's overall appearance, aesthetics, and style. It is made up of a tank, an airhead, a flow regulator, and a nozzle. The automotive spray gun efficiently finishes the sections of the automobile. It saves time and lowers production costs. Every automobile should have color since it enhances the design, cosmetics, and overall appearance of the vehicle. Paint is applied to cars, bikes, and other vehicles using automotive spray guns. Over the past few years, the market for automotive spray guns has experienced rapid growth. The outlook for the global automobile market is favorable, so there is enough room for

One of the most important components of any good, object, or structure is the painting. The durability of a product, an object, or a building can be improved by painting its surface. This is because paint provides a barrier between the product and the harsh environmental elements. Additionally, paint improves a product, object, or structure's appearance and aesthetics. Compared to paint brushes and rollers, a paint sprayer can cover the needed surface more quickly. Additionally, automotive spray guns can access those hard-to-reach cavities and crevices on the surface. Additionally, because spray painting requires no touching, the finished product is flawless and of the highest caliber. Such beneficial characteristics are likely to encourage growth in the market.

COVID-19 Impact: Suspension Due to Lockdown Hampered Product Manufacturing Rate

The coronavirus rapidly spread over all the nations and regions and had a profound effect on both individuals and communities. It started off as a health issue before evolving into a serious threat to international trade, the economy, and the financial system. Due to the lockdown, the COVID-19 pandemic has suspended the production of several paint spray gun parts. At first, the economic downturn led to less money being spent on cars and various residential and non-residential building construction projects. However, the intensity of the COVID-19 pandemic diminished due to the release of several vaccines. The number of COVID-19 instances has dramatically decreased as of mid-2022. As a result, businesses that make paint spray guns have fully resumed operations and are operating at full capacity. 

LATEST TRENDS

"Rising Sales of Automobiles to Boost the Consumption of Automotive Spray Guns"

The automotive sector is expanding considerably due to the rising per capita income of the population. The demand for automotive refinishes the trend of DIY (Do It Yourself), which is estimated to augment automotive spray guns market growth. Moreover, the population is inclined towards matte-finish automobiles, which can be done with spray paints. The growth of the automotive industry is increasing the consumption of spray guns. The population is becoming independent in their basic work and thus, is buying automotive spray guns to paint vehicles on their own. These factors are estimated to augment market growth. 

Automotive Spray Guns Market Segmentation

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• By Type Analysis

By type, the market is segmented into high volume low pressure (HVLP), low volume low pressure (LVLP), and others.

• By Application Analysis

Based on application, the market is classified into automotive refinish and automotive production.

DRIVING FACTORS

"Rising Awareness of the Product Availability to Aid Market Growth"

The automotive spray guns or car repair facility is expected to employ automotive refinish coating to refinish autos. Due to the increasing frequency of vehicle crashes that need owners to repair them, the market for automotive refinish coatings has experienced significant expansion in recent years. Government restrictions on coatings with high volatile organic compound levels may also have an impact on the automotive spray guns market growth in the future. The automotive spray guns give a refinished touch to the vehicle, which makes it appear like a brand-new one. These factors are anticipated to surge growth in the global market. 

"The Facility of Customizing to Boost Demand for the Product"

A worldwide trend, personalization, and customization of products has also experienced significant demand in the automotive sector. Customers use refinish coatings to customize the appearance of the vehicle. Additionally, to preserve the car's market value following accidents, many consumers attempt to personalize the finish. The automobile refinish coatings industry thus experiences growth as a result of such customization processes. The population is more inclined towards customized products as per their need. These factors are likely to encourage market growth in the foreseeable future.

RESTRAINING FACTORS

"High Cost of the Product to Affect Market Growth"

The market's expansion is being hampered by the high cost of spray guns. Furthermore, strict government regulation is restricting the market's expansion. Additionally, insufficient fluid delivery management is impeding the market's expansion.

Automotive Spray Guns Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate Market Due to the Growing Number of Cars in the Region"

Asia Pacific is most likely to lead the automotive spray guns market share accredited to the rising number of cars in the region. The improved road infrastructure is also leading to the rising demand for personal vehicles, which boosts the demand for automotive spray guns.

North America is expected to experience significant growth in the market attributable to the rapid growth of the region. Moreover, the escalating demand for refurbishment of old automotive vehicles is surging the consumption of the product. 

Europe is forecasted to show sizable growth in the global market by virtue of key players' presence in the region. Additionally, the expanding sales of used or pre-owned cars for using it as a cab is projected to aid regional growth. 

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher part of the automotive spray guns market share by launching new products. 

List of Market Players Profiled

• Rongpeng (China)
• NingBo Navite (China)
• 3M (U.S.)
• Prowin Tools (China)
• Nordson (U.S.)
• SATA (Germany)
• Finishing Brands (U.S.)
• Anest Iwata (Japan)
• Asahi Sunac (Japan)
• Zhejiang Refine Wufu Air Tools (China)
• EXEL Industries (France)
• J. Wagner (Germany)
• Auarita (China)
• Graco (U.S.)

INDUSTRY DEVELOPMENT

• February 2020- Akzo Nobel signed an agreement of supply with BMW Group to supply automotive refinish products and services at 44 locations across the world; Akzo Nobel inked a supply deal with the company. As per the agreement BMW Group branches and authorized dealers may use Akzo Nobel's Sikkens and Lesonal Brands to restore the paint on BMW and Mini Cooper vehicles.

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research. The market insights are prepared by utilizing large sample sizes for data-gathering modules. The study provides in-depth market insights. The stage includes gathering market data or related data using a variety of sources and tactics. It involves going over and organizing all the information gathered during the previous advance. It also covers the investigation of information discrepancies found across various information sources. Market statistical and coherent models are used to assess and estimate market data.