The global painting tools market is anticipated to grow at a CAGR of 4.6 % during the forecast period (2022-2028). Painting tools are hand-held instruments that enable to improvement and streamlining of the painting process. Brushes, rollers, spray guns, scrapers, buckets, trays, and liners, among other painting tools, are available in a variety of sizes and qualities. Painting equipment is designed to make applying paint to walls and ceilings more convenient. Painting tools additionally, aid in the reduction of paint and material waste. These benefits associated with painting tools are expected to grow the market growth during the forecast period.
Some driving factors for the global painting tools market are:
- Consumers all across the globe are opting for more aesthetically pleasing standards of paint for their working and home environments as their level of living rises. The market players are developing new revolutionary paints to provide benefits such as moisture-resistant paint, washable paint, anti-fungal paint, and odor-reducing paint, among others. As a result of the various paint alternatives available on the market, consumers are upgrading the paint on both the outside and inside of their homes.
- The global trend of do-it-yourself (DIY) painting, aided by the widespread availability of simple-to-use and ergonomic painting tools, is likely to boost the market for painting tools during the forecast period.
- Due to the increase in construction activities around the world, the global painting tools market is predicted to grow.
- The growth of the painting tools market has been aided by rapid urbanization and the real estate industry’s expansion. According to UN data, more than 54% of the world’s population lives in cities, which creates job opportunities and raises individual income levels.
- The global painting tools market is predicted to develop as customers opt for higher aesthetic appeal in their homes and working environments as their standard of living rises across the globe.
- The global painting tools market is expected to develop due to the expansion of the global construction sector, the automotive industry, and the rise in the popularity of DIY painting over the forecast period.
Some major players in the market include Gordon Brush Mfg. Co., Inc., Mill-Rose Co., Milton Brushware, Dura Paints, and Asian Paints Ltd., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance, In October 2021, Chromaflo Technologies released an improved version of Innovatint, that sets a new standard in paint tinting software for point-of-sale (POS). In the paint and coatings business, Chromaflo’s Innovatint is widely regarded as the gold standard for handling POS integrated software tinting. As retailers seek to deliver paint on-demand to end-users, Innovatint 4 is designed to empower paint and coatings industries to satisfy the requirement for higher color accuracy, speed, and service of tinted paints.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Industry Verticals
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Gordon Brush Mfg. Co., Inc., Mill-Rose Co., Milton Brushware, Dura Paints, Asian Paints Ltd., among others.
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Global Painting Tools Market Report by Segment
By Product Type
- Rollers
- Spray Gun
- Scrapers
- Brushes
- Trays
- Masking Tapes
- Others
By Industry Verticals
- Construction
- Automotive
- Furniture
- Packaging
- Industrial Machinery & Equipment
- Others
By Distribution Channel
- Offline Channel
- Online Channel
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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