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Spray Gun Market Size, Share , Latest Trends, Key Players And Forecast To 2033
Spray Gun Market Size
As per the report, 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%. 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%.
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Increasing Construction Activity Is Driving Growth In The Spray Gun Market
An increasing number of construction activities are expected to propel the growth of the spray gun market going forward. Construction activity refers to the process of planning, designing, building, and maintaining structures such as buildings, roads, bridges, dams, and other infrastructure projects. The increase in construction activities is fueled by the growing demand for urbanization and infrastructure development to support expanding populations and economic growth. Spray guns in construction are essential for the efficient application of paint, coatings, and sealants, ensuring even coverage and precise finishing, thus enhancing the durability and aesthetics of structures. For instance, in October 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is expected to increase by 42%, or $4.5 trillion, to reach $15.2 trillion. Therefore, an increasing number of construction activities are driving the growth of the spray gun market.
Innovative Products In The Spray Gun Market
Major companies operating in the spray gun market are increasing their focus on developing innovative products, such as light spray guns, to sustain their position in the market. Light spray guns are compact, handheld tools used in various industries for applying thin coatings, such as paint, varnish, or stain, with precision and control. For instance, in October 2021, 3M India Ltd., an India-based adhesive subsidiary of 3M Company, launched the Performance Spray Gun, the world's lightest in its segment, offering exceptional performance and productivity. It has a weight reduction of up to 50% compared to other spray guns, and it ensures enhanced comfort and convenience with its impact-resistant composite body. The gun features advanced interchangeable nozzle technology, enabling consistent atomization and superior transfer efficiency across various automotive coatings.
The spray gun market covered in this report is segmented -
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
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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
Contents of the report:
1. Executive Summary
2. Spray Gun Market Report Structure
3. Spray Gun Market Trends And Strategies
4. Spray Gun Market - Macro Economic Scenario
5. Spray Gun Market Size And Growth
…..
27. Spray Gun Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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