The spray gun market size has grown strongly in recent years. It will grow from $1.61 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. During the historic period, growth can be attributed to several factors including the expansion of various industries, particularly the automotive sector, as well as the rising adoption of powder coating. Additionally, stricter environmental regulations and a surge in construction and real estate activities contributed significantly to this growth.
The spray gun market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period is driven by the demand for precision in painting and coating, spurred by rapid urbanization and infrastructure development. Additionally, the utilization of spray guns across various industrial applications will contribute to this growth trajectory. Noteworthy trends expected during this period encompass heightened automation, the adoption of eco-friendly solutions, improved ergonomics, digital integration, and enhanced material versatility.
The growth of the spray gun market is expected to be propelled by an increasing number of construction activities. Construction activity involves the planning, design, construction, and maintenance of structures such as buildings, roads, bridges, dams, and other infrastructure projects. This surge in construction is driven by the rising demand for urbanization and infrastructure development to accommodate growing populations and support economic expansion. Spray guns play a crucial role in construction by efficiently applying paint, coatings, and sealants, ensuring uniform coverage and precise finishing, thereby enhancing the durability and aesthetics of structures. For example, according to a report by Oxford Economics published in October 2021, global construction output was $10.7 trillion in 2020 and is projected to increase by 42% or $4.5 trillion by 2030, reaching $15.2 trillion. Consequently, the growing number of construction activities is fueling the growth of the spray gun market.
Major companies in the spray gun market are focusing on developing innovative products such as lightweight spray guns to maintain their competitive edge. Lightweight spray guns are compact handheld tools used across various industries for precise and controlled application of thin coatings like paint, varnish, or stain. For instance, in October 2021, 3M India Ltd., a subsidiary of 3M Company, introduced the Performance Spray Gun, touted as the world's lightest in its segment. This spray gun offers exceptional performance and productivity with a weight reduction of up to 50% compared to other models. It features an impact-resistant composite body for enhanced comfort and convenience and incorporates advanced interchangeable nozzle technology for consistent atomization and superior transfer efficiency across various automotive coatings.
In October 2023, Dürr AG, an engineering company based in Germany, partnered with HSM Lackiersysteme GmbH to launch the EcoGun ACE, a new low-pressure spray gun designed for faster and easier color changes. This innovative system can replace the entire color channel, including the nozzle, within seconds, enabling color changes up to 90% faster than conventional low-pressure guns. Through this partnership, Dürr AG aims to offer a user-friendly product that sets new standards for low-pressure guns, with HSM Lackiersysteme GmbH providing expertise in spray gun technology.
Major players in the spray gun market are The Home Depot Inc., 3M Company, PPG Industries Inc., Nordson Corporation, Graco Inc., EXEL Industries, Anest Iwata Corporation, Kremlin Rexson, SATA GmbH & Co. KG, Campbell Hausfeld, Walther Pilot, Elcometer Limited, Carlisle Fluid Technologies, HomeRight, Titan Tool Inc., Tekna, WAGNER Group GmbH, Astro Pneumatic Tool Company, Fuji Industrial Spray Equipment Ltd., DeVilbiss Automotive Refinishing, SprayMax, Asahi Sunac Corporation, Carlisle Fluid Technologies, Apollo Sprayers International Inc., Auarita, Sharpe Manufacturing Company, Zinsser.
North America was the largest region in the spray gun market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in spray gun report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the spray gun market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Spray guns are handheld tools utilized for applying precise coatings like paint, varnish, or sealant onto surfaces. They function by breaking down the coating into a fine mist and projecting it onto the target area, ensuring uniform coverage. Compared to traditional brushes or rollers, they offer a more efficient and uniform application of paint.
The primary types of spray guns include high volume low pressure (HVLP), airless, pneumatic, electrostatic, and low volume low pressure (LVLP). HVLP spray guns utilize a large volume of air at low pressure to atomize paint, resulting in reduced overspray and enhanced control during application. These spray guns find applications in various sectors such as metal finishing, wood finishing, plastic finishing, among others. End users of spray guns include hospitals, pharmaceutical and biotechnological industries, research and development centers, among others.
The spray gun market research report is one of a series of new reports that provides spray gun market statistics, including the spray gun industry global market size, regional shares, competitors with the spray gun market share, detailed spray gun market segments, market trends, and opportunities, and any further data you may need to thrive in the spray gun industry. These spray gun market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The spray gun market consists of sales of airless spray guns, dual-action spray guns, pressure-fed spray guns, and industrial spray guns. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The spray gun market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period is driven by the demand for precision in painting and coating, spurred by rapid urbanization and infrastructure development. Additionally, the utilization of spray guns across various industrial applications will contribute to this growth trajectory. Noteworthy trends expected during this period encompass heightened automation, the adoption of eco-friendly solutions, improved ergonomics, digital integration, and enhanced material versatility.
The growth of the spray gun market is expected to be propelled by an increasing number of construction activities. Construction activity involves the planning, design, construction, and maintenance of structures such as buildings, roads, bridges, dams, and other infrastructure projects. This surge in construction is driven by the rising demand for urbanization and infrastructure development to accommodate growing populations and support economic expansion. Spray guns play a crucial role in construction by efficiently applying paint, coatings, and sealants, ensuring uniform coverage and precise finishing, thereby enhancing the durability and aesthetics of structures. For example, according to a report by Oxford Economics published in October 2021, global construction output was $10.7 trillion in 2020 and is projected to increase by 42% or $4.5 trillion by 2030, reaching $15.2 trillion. Consequently, the growing number of construction activities is fueling the growth of the spray gun market.
Major companies in the spray gun market are focusing on developing innovative products such as lightweight spray guns to maintain their competitive edge. Lightweight spray guns are compact handheld tools used across various industries for precise and controlled application of thin coatings like paint, varnish, or stain. For instance, in October 2021, 3M India Ltd., a subsidiary of 3M Company, introduced the Performance Spray Gun, touted as the world's lightest in its segment. This spray gun offers exceptional performance and productivity with a weight reduction of up to 50% compared to other models. It features an impact-resistant composite body for enhanced comfort and convenience and incorporates advanced interchangeable nozzle technology for consistent atomization and superior transfer efficiency across various automotive coatings.
In October 2023, Dürr AG, an engineering company based in Germany, partnered with HSM Lackiersysteme GmbH to launch the EcoGun ACE, a new low-pressure spray gun designed for faster and easier color changes. This innovative system can replace the entire color channel, including the nozzle, within seconds, enabling color changes up to 90% faster than conventional low-pressure guns. Through this partnership, Dürr AG aims to offer a user-friendly product that sets new standards for low-pressure guns, with HSM Lackiersysteme GmbH providing expertise in spray gun technology.
Major players in the spray gun market are The Home Depot Inc., 3M Company, PPG Industries Inc., Nordson Corporation, Graco Inc., EXEL Industries, Anest Iwata Corporation, Kremlin Rexson, SATA GmbH & Co. KG, Campbell Hausfeld, Walther Pilot, Elcometer Limited, Carlisle Fluid Technologies, HomeRight, Titan Tool Inc., Tekna, WAGNER Group GmbH, Astro Pneumatic Tool Company, Fuji Industrial Spray Equipment Ltd., DeVilbiss Automotive Refinishing, SprayMax, Asahi Sunac Corporation, Carlisle Fluid Technologies, Apollo Sprayers International Inc., Auarita, Sharpe Manufacturing Company, Zinsser.
North America was the largest region in the spray gun market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in spray gun report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the spray gun market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Spray guns are handheld tools utilized for applying precise coatings like paint, varnish, or sealant onto surfaces. They function by breaking down the coating into a fine mist and projecting it onto the target area, ensuring uniform coverage. Compared to traditional brushes or rollers, they offer a more efficient and uniform application of paint.
The primary types of spray guns include high volume low pressure (HVLP), airless, pneumatic, electrostatic, and low volume low pressure (LVLP). HVLP spray guns utilize a large volume of air at low pressure to atomize paint, resulting in reduced overspray and enhanced control during application. These spray guns find applications in various sectors such as metal finishing, wood finishing, plastic finishing, among others. End users of spray guns include hospitals, pharmaceutical and biotechnological industries, research and development centers, among others.
The spray gun market research report is one of a series of new reports that provides spray gun market statistics, including the spray gun industry global market size, regional shares, competitors with the spray gun market share, detailed spray gun market segments, market trends, and opportunities, and any further data you may need to thrive in the spray gun industry. These spray gun market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The spray gun market consists of sales of airless spray guns, dual-action spray guns, pressure-fed spray guns, and industrial spray guns. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Spray Gun Market Characteristics3. Spray Gun Market Trends and Strategies32. Global Spray Gun Market Competitive Benchmarking33. Global Spray Gun Market Competitive Dashboard34. Key Mergers and Acquisitions in the Spray Gun Market
4. Spray Gun Market - Macro Economic Scenario
5. Global Spray Gun Market Size and Growth
6. Spray Gun Market Segmentation
7. Spray Gun Market Regional and Country Analysis
8. Asia-Pacific Spray Gun Market
9. China Spray Gun Market
10. India Spray Gun Market
11. Japan Spray Gun Market
12. Australia Spray Gun Market
13. Indonesia Spray Gun Market
14. South Korea Spray Gun Market
15. Western Europe Spray Gun Market
16. UK Spray Gun Market
17. Germany Spray Gun Market
18. France Spray Gun Market
19. Italy Spray Gun Market
20. Spain Spray Gun Market
21. Eastern Europe Spray Gun Market
22. Russia Spray Gun Market
23. North America Spray Gun Market
24. USA Spray Gun Market
25. Canada Spray Gun Market
26. South America Spray Gun Market
27. Brazil Spray Gun Market
28. Middle East Spray Gun Market
29. Africa Spray Gun Market
30. Spray Gun Market Competitive Landscape and Company Profiles
31. Spray Gun Market Other Major and Innovative Companies
35. Spray Gun Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Spray Gun Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on spray gun market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for spray gun? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The spray gun market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: High Volume Low Pressure (HVLP); Airless; Pneumatic; Electrostatic; Low Volume Low Pressure (LVLP)2) By Application: Metal Finishing; Wood Finishing; Plastic Finishing; Other Applications
3) By End-User: Hospital; Pharmaceutical And Biotechnological Industry; Research And Development Centers; Other End Users
Key Companies Mentioned: The Home Depot Inc.; 3M Company; PPG Industries Inc.; Nordson Corporation; Graco Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- The Home Depot Inc.
- 3M Company
- PPG Industries Inc.
- Nordson Corporation
- Graco Inc.
- EXEL Industries
- Anest Iwata Corporation
- Kremlin Rexson
- SATA GmbH & Co. KG
- Campbell Hausfeld
- Walther Pilot
- Elcometer Limited
- Carlisle Fluid Technologies
- HomeRight
- Titan Tool Inc.
- Tekna
- WAGNER Group GmbH
- Astro Pneumatic Tool Company
- Fuji Industrial Spray Equipment Ltd.
- DeVilbiss Automotive Refinishing
- SprayMax
- Asahi Sunac Corporation
- Carlisle Fluid Technologies
- Apollo Sprayers International Inc.
- Auarita
- Sharpe Manufacturing Company
- Zinsser
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.75 Billion |
Forecasted Market Value ( USD | $ 2.46 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Global |
No. of Companies Mentioned | 27 |