PUBLISHER: Allied Market Research | PRODUCT CODE: 1365825
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365825
According to a new report published by Allied Market Research, titled, "Manual Paint Spray Machine Market," The manual paint spray machine market was valued at $2.4 billion in 2020, and is estimated to reach $3.4 billion by 2032, growing at a CAGR of 2.8% from 2023 to 2032.
A hand handle or portable equipment used to apply paint, coating, and finish to surface is referred to as a manual paint spray machine. In addition, compared to conventional brush or roller application method, it is a time saving tool that is effective and provides a finished surface that is more even and smooth.
Office buildings and shopping malls are currently being constructed in developing nations in Asia, Africa, and Latin America. For instance, in 2021, over 13 shopping centers were built in Brazil. The fact that many malls are multistory and cover large areas of land has increased the demand for manual paint spray machines. In addition, the surge in industrialization of developing countries has led to the construction of brand-new, sumptuous office buildings in many countries and major cities. For instance, by 2021, about 17 sizable IT parks are expected to be built in India, primarily in Mumbai, Delhi, Pune, Bangalore, and Hyderabad.
In addition, several housing establishments are being constructed across Africa. As an illustration, six brand-new, sizable social housing complexes were planned for South Africa in February 2022 and are expected to be completed in the next few years. In addition, Kenya started the largest 3D-printed affordable housing project in Africa in 2021. Owing to the requirement for large infrastructure projects to be both fireproof and aesthetically beautiful, the market for manual paint spray machines has grown.
Moreover, painting with a manual paint spray machine is quick and simple, however, the precision and balance of the paint spray machine are impacted by the additional weight and thickness of the paint inside the machine. Owing to this, the usage of these machine -which have a lot of paint inside-requires the supervision of professionals. As a result, this prevents people from using paint spray machines. In addition, the paint's chemicals cause harm to the machine, lowering its value and impairing its ability to perform its intended functions. Therefore, these issues are projected to limit market expansion.
On the contrary, Infrastructure investment has increased in both developed and emerging economies. In addition, investment in infrastructure has rebounded from the global financial crisis and is anticipated to increase by more than $5 trillion by 2025. Furthermore, the cost of infrastructure, including buildings for houses and companies, are anticipated to rise as a result of the fast urbanization of developing countries such as Indonesia, India, Nigeria, and China. Furthermore, smoke and fire dampers have various advantages, such as lessened property damage and simpler egress, which improves the efficiency of active systems and makes it easier for firefighters to access the area. All of these scenarios are expected to present profitable chances for the market expansion of manual paint spray machines.
The manual spray gun market is segmented into type, material, power source, channel type, and end-user industry. By type, the market is bifurcated into airless spray guns and HVLP. airless spray guns segment dominated the market in 2022. By material, the market is divided into paint and coating. The coating segment is further segregated into plaster, fire protection and others. Fire protection segment dominated the market in 2022. By power source, it is classified into pneumatic, electric, and gas powered. The pneumatic segment dominated the market in 2022. By end-user industry, it is fragmented into construction, manufacturing, marine, automotive, woodworking, steel, and others. The automotive segment dominated the market in 2022. By channel type, it is segregated into distributor, DIY and professionals. Dealers/distributors segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2022, Asia-Pacific was the key shareholder, and is anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSIS
Key companies profiled in the manual paint spray machine market report include Dino-Power Industry & Trade Co., Ltd., Titan Tool Inc., Graco Inc., Rongperg Air Tools Co., Ltd., Anest IWATA Corporation, Exel Industries SA, Tritech Industries Inc., Spray-Quip Inc., Wagner SprayTech Corp. and Nordson Corporation
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