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Paint Rollers, Global Market Overview, Insights, and Growth Forecast 2024 to 2033
Paint Rollers, Global Market Overview
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According to The Business Research Company's, The paint rollers market size has grown strongly in recent years. It will grow from $3.05 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to ergonomic design evolution, environmental concerns, professional and DIY demand, innovation in roller technology, consumer preferences for specialized rollers.
The paint rollers market size is expected to see strong growth in the next few years. It will grow to $4.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to market expansion in emerging economies, enhanced marketing strategies, consumer preferences for ergonomics, customizable and versatile products, professional painting demand. Major trends in the forecast period include material innovation, ergonomic designs, green and eco-friendly products, smart painting technologies, DIY and home improvement trend.
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Market Drivers and Trends:
The rise in demand for commercial infrastructure development is expected to drive the demand for the paint rollers market going forward. Commercial infrastructure development refers to the construction and improvement of foundational services to improve the quality of commercial properties such as malls, complexes, retail shops, and so on. Paint rollers are used in commercial properties to paint large infrastructures as they can cover large spaces in less time as compared to traditional paint brushes. For instance, according to Coldwell Banker Richard Ellis (CBRE), a US-based commercial real estate services and investment firm, for the year 2022, China's annual commercial real estate investment will exceed $ 47 billion. Also, commercial real estate investment had a solid recovery from 2021, as the total transaction volume increased by 33%, which stood at 40.22 billion. It is also expected to grow by more than 10% to 20% in the coming years. Further, investment in offices took the highest share in the commercial property market, accounting for 37%. Therefore, the rise in demand for commercial infrastructure developments is driving the growth of the paint rollers market.
Product innovation is the key trend gaining popularity in the paint rollers market. Major companies operating in the market are developing innovative products to gain a competitive advantage. For instance, in June 2021, Purdy, a US-based manufacturer of professional painting applicators for painting and decorating projects, launched the Purdy Revolution 18-inch Fixed Roller Frame. It has a sturdy one-piece metal design that helps to lock the roller cover in place to prevent accidents or mess. This has many features, such as nonremovable wing nuts, sliding adjustable ends, and quick-connect. The new frame attaches quickly and easily to Purdy's Power Lock Extension Poles using the quick connect system. This unique locking system latches onto the frame for a secure hold that offers security while in use.
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Major Key Players of the Market:
The Sherwin Williams Company, Stanley Black & Decker Inc., Benjamin Moore & Co, The Wooster Brush Company, Gordon Corporation Ltd., Hamilton Acorn Ltd., N.S. Tools Co Ltd., Shur Line LLC., Monterey Mill, Purdy Company, Beorol d.o.o., Anderson Paint Company, Gordon Brush Mfg. Co Inc., Linzer Products Corporation, Dynamic Paint Products Inc., Magnolia Brush Manufacturers Ltd., Premier Paint Roller Co LLC, Allway Tools Inc., Hyde Tools Inc., Pro Roller Company Inc., Arroworthy Company Inc., Marshall Brushes & Rollers Ltd., Amit Paint Rollers Pvt Ltd., Jinhua Webo Imp. & Exp. Co Ltd., Danyang Cohwa Brush Manufacturer Co Ltd., Zhenjiang Runyang Brush Industrial Co Ltd., Zhenjiang Yongjiufa Brush Co Ltd.
Paint Rollers Market 2024 Key Insights:
• The paint rollers market size is expected to see strong growth in the next few years. It will grow to $4.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Paint Rollers Market Fueled By Commercial Infrastructure Development
• Paint Rollers Market Embraces Product Innovations
• Asia-Pacific was the largest region in the paint rollers market in 2023
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