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Spray Gun Market Size, Share, Growth & Trends 2024-2033 | Competitive Landscape & Key Players
Spray Gun Market Size
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According to The Business Research Company's, 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 growth in the historic period can be attributed to the expansion of various industries, the growth of the automotive sector, the increasing adoption of powder coating, stricter environmental regulations, and the construction and real estate boom.
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 growth in the forecast period can be attributed to the need for precision in painting and coating, rapid urbanization and infrastructure development, and the use of spray guns in various industrial applications. Major trends in the forecast period include increased automation, eco-friendly solutions, enhanced ergonomics, digital integration, material versatility, and material versatility.
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Market Drivers and Trends:
The rising focus on maternal well-being is expected to drive the postpartum health supplements market going forward. Maternal well-being refers to mothers' physical, mental, and emotional health during pregnancy, childbirth, and the postpartum period. The focus on maternal well-being is rising due to increased awareness of maternal health issues, advancements in medical research, technological innovations, and impact on infant health. Postpartum health supplements play a crucial role in assisting new mothers to regain their strength, energy, and overall well-being by addressing various aspects of postpartum recovery. For instance, in May 2024, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, the United States saw an increase in maternal mortality rates from 23.8 in 2020 to 32.9 in 2021. Therefore, the rising focus on maternal well-being drives the postpartum health supplements 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.
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Major Key Players of the Market:
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
Spray Gun Market 2024 Key Insights:
• 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%.
• Increasing Construction Activity Is Driving Growth In The Spray Gun Market
• Innovative Products In The Spray Gun Market
• North America was the largest region in the spray gun market in 2023
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