Paint Sprayer Market Size, Share, Growth, And Industry Analysis, By Type (Airless Paint Sprayer, HVLP Paint Sprayer and Others), By Application (Consumer, Contractor, Industrial and Others), Regional Forecast To 2031

Updated On: 22 April 2024

Paint Sprayer Market Report Overview

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The Paint Sprayer Market size is expected to grow USD 1131.2 Million in 2022 to USD 1800.52 Million by 2031 at a Compound Annual Growth (CAGR) of 5.3% from 2022 to 2031.

With the use of a paint sprayer, users may apply paint or other liquids to a surface uniformly. Numerous surfaces, including hardwood, metals, bricks, and numerous more, can be painted with this technique. Industries such as the automotive, industrial, architecture, and marine sectors are important drivers of the need for sprayers. Additionally, the market for paints is predicted to be driven by the growing popularity of DIY (Do It Yourself) projects.

The paint market is primarily being driven by rapid modernization and rising uses in the commercial and residential areas. The market for sprayers has increased as a result of the rising usage and need for Li-ion batteries and the expansion of the infrastructure. Furthermore, the business is expanding due to the rising need for sustainability.

COVID-19 Impact: Nationwide Shutdowns Caused Several Building Projects to be Abandoned

As a result of the nationwide shutdown following the COVID-19 pandemic breakout, the paints sector has suffered. Due to the lockout, all of the manufacturing centers were forced to either partially or entirely cease production. Aside from that, difficulties in carrying out industrial activities were also brought on by supply chain disruptions, a lack of raw resources, and a personnel scarcity. Due to the shutdown, several building projects were postponed or abandoned. As a result, there was a decline in the need for paints as infrastructure projects dropped. The pandemic severely limited the production of automobiles, which significantly reduced the market for paints.

Latest Trends

"Company Launches New Line of Products to Keep Position and Provide Customer Convenience"

To maintain their position as market leaders and expand their product lines, key firms in the sector have introduced new paint sprayers. For instance, in May 2022, fluid handling gear maker Graco Inc. unveiled the Contractor King air-powered preventive coating sprayer and the Silver plus HP spray gun. Due to its small size and lightweight, the Contractor King air-powered sprayer is simple to use.

Paint Sprayer Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Airless Paint Sprayer, HVLP Paint Sprayer and Others

• By Application Analysis

Based on application, the market can be divided into Consumer, Contractor, Industrial and Others

Driving Factors

"Rise in Home Renovation Projects is Piloting the Demand for the Sprayers"

Building supplies, gadgets, as well as other home remodeling components are selling more due to the global expansion of the renovations sector. In addition, the rental market is expanding, which opens up prospects for house improvement and upgrading. The need for paint spray solutions from the restoration and retrofit sector is then predicted to increase as a result. Before spending money on repair projects, almost 60% of US homeowners think about their financial situation. Majority homeowners in the nation prioritize house renovations, usually once a year or more. To enhance one's quality of life, home improvements are made. About 57% of baby boomers and millennials want to make home modifications once a year. During the projected period, it is anticipated that these factors will drive the paint sprayer market growth.

"Concerns Regarding the Environment is Driving the Producers to Include Sustainability in their Products"

Environmental preservation is among the most important issues, and carrying out daily tasks requires efficient and environmentally friendly solutions. A tremendous environmental load has been imposed on the world due to the extraordinary rise of the painting sector and consumer need. As a result, the major players in the sprayer sector concentrate on including sustainability in their products.

Restraining Factors

"High Cost of Raw Materials Seriously Threatens the Suppliers Profits in the Paint Industry"

The cost of raw materials makes up roughly 50% to 60% of the total production cost. Over the past few years, the costs of the main raw materials needed to make the sprayers have fluctuated significantly. Supplier profits in the paint industry are seriously threatened by the fluctuation of raw material prices. Other operating costs, such labor costs, are also rising quickly. The company's top line is made more uneasy by Chinese producers. Due to the rivalry in the market, vendors are under pressure to offer effective sprayers at competitive prices.

Paint Sprayer Market Regional Insights

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"Presence of Multiple End-User Industries in the Region are Driving the Asia Pacific Market"

The biggest paint market is in Asia Pacific, which accounts for a sizable portion of the international market. Given the dominating construction business, it is anticipated to increase at the fastest rate during the forecast time frame. Numerous industries, including those in the services, production, automotive, and electronics sectors, are based in Asia Pacific. As a result, there is a greater requirement for sprayers in the area. Singapore excels with its superior construction facilities, despite the fact that South Korea and Japan are major exporters and producers of autos and electrical equipment. Additionally, the target demographic in the area is being driven by expanding DIY usage among young customers and growing customer spending power. These factors are promoting Asia Pacific to hold the largest paint sprayer market share during the anticipated time frame.

Key Industry Players

"Rise in DIY Culture is Giving Vendors Opportunities to Customize their Product Offerings"

The relatively low penetration and intense rivalry in the international sprayer business are particularly promising. The current situation forces vendors to modify and improve their distinctive service offerings in order to have a substantial market influence. The paint market is now only slightly diversified. Vendors are adapting their products for projects involving home improvement in response to the rise of the DIY mindset and the need for further user-friendly equipment. For Diyers, HVLP sprayers are being developed. They allow more activity while also being more inexpensive, portable, and small. Sellers are able to purchase more power tools with battery packs as a result, and DIY product lines are anticipated to be popular during the forecast period.

List of Market Players Profiled

• Wagner (Russia)
• Graco (U.S.)
• BLACK& DECKER (U.S.)
• Wilhelm Wagner (Germany)
• Walther Pilot (Germany)

Report Coverage

This report covers the paint sprayer market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.