Painting Tools Global Market Report 2023

“Painting Tools Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on painting tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for painting tools? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The painting tools market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Brushes; Rollers; Scrapers; Knives; Trays; Spray gun; Masking tapes; Other Products

• 2) By Application: Construction; Appliances; Automotive; Industrial Equipment and Machinery; Furniture; Packaging; Other Applications

• 3) By Distribution Channels: Online Channel; Offline Channels

• Companies Mentioned: Gordon Brush Mfg Co Inc; Milton Brushware; Allway Tools; Dura Paints; Asian Paints Ltd

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the painting tools market are Gordon Brush Mfg Co Inc., Milton Brushware, Allway Tools, Dura Paints, Asian Paints Ltd., MAAN, Nour Egypt, Nespoli Group, Makinah, EPOS Egypt, Technochem Industries, J. Wagner GmbH, Sherwin-Williams, Peta Decorating, and JAT Holdings PLC.

The global painting tools market is expected to grow from $10.84 billion in 2022 to $11.89 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The painting tools market is expected to grow to $16.64 billion in 2027 at a CAGR of 8.7%.

The painting tools market consists of sales of roller frames, paint edgers, drop cloths and paint buckets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Painting tools refer to handheld tools that are used to perform painting tasks with minimal wastage of paints and materials. It is used primarily during industrial manufacturing processes and renovation applications.

Asia-Pcific was the largest region in the painitng tools market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the painting tools report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main product types of painting tools include brushes, rollers, scrapers, knives, trays, spray gun, masking tapes and others. Brushes refer to painting tools that have bristles to apply paint on the surfaces. It is used in applications such as construction, appliances, automotive, industrial equipment and machinery, furniture, packaging and others, which are sold through online and offline distribution channels.

The increasing renovation of commercial and residential buildings is expected to drive the growth of the painting tools market going forward. Renovation is the process of renovating and modifying an old and defective structure to return it to its prior better state. Painting tools aid in the completion of numerous painting tasks such as wall cleaning, scraping loose paints, wiping rust from metal surfaces, and others. For instance, according to a survey conducted by Houzz Inc., a US-based company operating in interior design and decorating, the median renovation spend per household for the landscape design and home renovations went from $13,000 in 2019 to $15,000 in 2020 in the United States. Additionally, in October 2020, the European Commission aimed to renovate 35 million buildings in the European Union by 2030. Therefore, the increasing renovation of commercial and residential buildings is expected to propel the growth of the painting tools market.

Technological advancement is the key trend that is gaining popularity in the painting tools market. Major companies operating in the market are focused on developing advanced innovations such as DIY (do it yourself) solutions to increase their market share. For instance, in April 2022, AkzoNobel India, an India-based company operating in paints and coatings, launched Dulux Simply Refresh, a complete range of DIY (do it yourself) solutions under three categories - decorative paints, repair solutions, and painting kits. Dulux simply refresh spray paint is a user-friendly aerosol with low drip and low splatter technology that provides a gloss finish to all pre-painted surfaces, quick drying formulation, and waterproofing properties.

In June 2021, PPG Industries Inc., a US-based company operating in paints, coatings and specialty materials such as painting tools, acquired Tikkurila Oyj for an undisclosed amount. Through this acquisition, PPG Industries Inc aimed to strengthen its product portfolio in painting tools. Tikkurila Oyj is a Finland-based company operating in paints, lacquers and painting tools.

The countries covered in the painting tools market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The painting tools market research report is one of a series of new reports from The Business Research Company that provides painting tools market statistics, including painting tools industry global market size, regional shares, competitors with a painting tools market share, detailed painting tools market segments, market trends and opportunities, and any further data you may need to thrive in the painting tools industry. This painting tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.