The Painting Tools Global Market Report 2023 by The Business Research Company, provides painting tools market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Painting Tools Global Market Report 2023, the market size is expected to grow from 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 painting tools market is expected to grow to $16.64 billion in 2027 at a CAGR of 8.7%.
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.
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The painting tools market is segmented:
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
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.
The painting tools market report table of contents includes:
1. Executive Summary
2. Painting Tools Market Characteristics
3. Painting Tools Market Trends And Strategies
4. Painting Tools Market – Macro Economic Scenario
5. Painting Tools Market Size And Growth
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26. Africa Painting Tools Market
27. Painting Tools Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Painting Tools Market
29. Painting Tools Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Gordon Brush Mfg. Co Inc
- Milton Brushware
- Allway Tools
- Dura Paints
- Asian Paints Ltd
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