Paint Spray Guns Market is anticipated to grow up to US$ 2.3 billion by 2031 | ANEST IWATA USA, INC., Asahi Sunac Corporation, DSTech Co., Ltd.

New York, The global paint spray guns market was valued at US$ 1.5 billion in 2021 and it is anticipated to grow up to US$ 2.3 billion by 2031, at a CAGR of 4.0% during the forecast period.

Global Paint Spray Guns Market report from Global Insight Services is the single authoritative source of intelligence on Paint Spray Guns Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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A paint spray gun is equipment used for applying paint to a surface. Unlike the paintbrush and roller, a paint spray gun uses external pressure to transform the paint into fine particles and direct them toward the surface as a spray. A typical paint spray gun constitutes a flow regulator, airhead, nozzle, and paint tank. The spray nozzle operates by impinging high-velocity turbulent air on the surface of filaments or films of liquid, causing them to collapse into droplets with a wide range of sizes. Spray guns are available as stationary equipment for painting automobiles, furniture, and appliances.

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Market Drivers and Trends

The automobile sector is witnessing a considerable rise to paint vehicles, and automobile manufacturers predominantly use paint spray guns. Thus, a rise in the automotive industry is anticipated to drive the growth of the paint spray gun market. Similarly, the building construction sector is witnessing a rise worldwide due to the increasing population. Since paint spray guns are used widely in painting walls, the growing demand in the construction sector is anticipated to drive the demand for paint spray guns. Further, the manufacturing sector is also witnessing a rise, owing to the rise in disposable income of people around the world. In addition, consumer durables are anticipated to witness growth at a significant rate. The manufacturing sector uses paint spray guns to paint the products, owing to much-desired advantages, such as quick painting and blemish-free surface finish. Thus, the manufacturing sector's rise is anticipated to positively influence the paint spray gun market. Hence, rising demand from end-use industries boosts market growth.

Global Paint Spray Guns Market Segmental Overview

The report analyses the global paint spray guns market based on product type, technology, end-use industry, and region.

Global Paint Spray Guns Market by Product Type

Based on product type, it is segmented into high volume low pressure (HVLP), low volume low pressure (LVLP), electrostatic, airless, and pneumatic. The high volume low pressure (HVLP) segment is expected to have the largest paint spray guns market share in 2021, owing to its efficiency and ability to give a finer paint finish. A High Volume/Low Pressure (HVLP) paint spray system is an efficient technology for the application of paint to specific workpieces. These systems operate at low pressures, which result in the application of paint at low velocities. Due to multiple benefits, the high volume low pressure (HVLP) segment is expected to receive the main market attraction resulting in market growth.

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Global Paint Spray Guns Market by Technology

Based on technology, it is bifurcated into automatic and manual. The automatic segment is expected to dominate the market during the forecast period owing to its high operational efficiency and extensive use in the automotive industry. Automobile industry is witnessing a considerable rise. In order to paint vehicles, automobile manufacturers predominantly use automatic paint spray guns. Due to the abovementioned factors, the automatic segment is expected to dominate the market during the forecast period.

Global Paint Spray Guns Market by End-use Industry

Based on end-use industry, it is segmented into automotive, construction, manufacturing, and others. The automotive segment is expected to be the largest segment in the paint spray guns market in 2021. The automobile sector is witnessing a considerable rise to paint vehicles, and automobile manufacturers predominantly use paint spray guns. Thus, a rise in the automotive industry is anticipated to drive the growth of the paint spray gun market. Thus, the automotive segment will likely hold a major market share in 2021.

Geographical Analysis of Global Paint Spray Guns Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021, owing to increasing automotive and manufacturing industries. Moreover, the presence of many potential vendors in this region further encourages market growth. This, in turn, boosts the demand for paint spray guns in the Asia Pacific region.

Major Players in the Global Paint Spray Guns Market

The key players studied in the global paint spray guns market are 3M (US), ANEST IWATA USA, INC. (US), Asahi Sunac Corporation (Japan), DSTech Co., Ltd. (South Korea), EXEL Industries (France), FUSO SEIKI Co., Ltd. (Japan), Graco Inc. (US), Ningbo Lis Industrial Co., Ltd (China), Nordson Corporation (US), and Wagner SprayTech Corp. (US).

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