The Spray Painting Machine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Spray Painting Machine Global Market Report 2024, The spray painting machine market size has grown strongly in recent years. It will grow from $4.06 billion in 2023 to $4.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing investment in infrastructure development, growth in industrial automation, increasing utilization of spray painting machines in the marine and shipbuilding industries, rise in disposable income, and increasing focus on ergonomics.
The spray painting machine market size is expected to see strong growth in the next few years. It will grow to $5.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising demand for eco-friendly paint technologies, rising demand for customized spray painting solutions, increasing awareness about the benefits of electrostatic spray painting, increasing use of UV-curable paints in spray painting applications, and increasing investment in 3D printing for customized spray painting nozzle. Major trends in the forecast period include technological advancements, the adoption of robotic spray painting systems, the integration of the Internet of Things, the adoption of advanced sensors, and the adoption of electrostatic spray painting systems.
The growing construction sector is expected to propel the growth of the spray painting machine market going forward. The construction sector encompasses a wide range of activities involved in building and infrastructure development. It includes everything from residential and commercial buildings to roads, bridges, dams, and utilities. The growing construction sector is due to urbanization, housing demand, smart city missions, job creation, and foreign direct investment (FDI). Spray painting machines are integral to the construction sector, offering numerous benefits that enhance the efficiency, quality, and cost-effectiveness of painting and coating applications. For instance, in February 2023, according to the United States Census Bureau, a US-based government agency, the construction industry’s value in 2022 amounted to $1,792.9 billion, marking a 10.2% increase (+/- 0.8%) from the $1,626.4 billion in 2021 in the US. Therefore, the growing construction sector is driving the growth of the spray painting machine market.
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The spray painting machine market covered in this report is segmented –
1) By Type: Air Spray Painting Machines, High Volume Low Pressure (HVLP) Spray Painting Machines, Electrostatic Spray Painting Machines, Airless Spray Painting Machines, Other Types
2) By Material: Powder Coatings, Solvent-Based Paints, Water-Based Paints, Other Materials
3) By Technology: Air Atomization, Airless Atomization, Electrostatic Spray Painting, Other Technologies
4) By End User: Automotive, Aerospace, Construction, Industrial Equipment, Other End Users
Major companies operating in the spray painting machine market are focusing on developing innovative products, such as the lightest spray gun, to enhance user comfort and maneuverability during painting tasks. The lightest spray gun typically refers to a spray gun that has been designed to be lightweight, often utilizing advanced materials and ergonomic designs to minimize operator fatigue and improve maneuverability during painting tasks. For instance, in October 2021, 3M India Ltd., a US-based company that manufactures abrasive products, launched a performance spray gun. This innovative tool boasts a lightweight construction that enhances maneuverability and reduces operator fatigue during prolonged use. The spray gun’s ergonomic design ensures optimal balance, making it ideal for precision work across various applications. Its advanced nozzle technology delivers consistent spray patterns, enhancing efficiency and minimizing material waste.
The spray painting machine market report table of contents includes:
- Executive Summary
- Spray Painting Machine Market Characteristics
- Spray Painting Machine Market Trends And Strategies
- Spray Painting Machine Market – Macro Economic Scenario
- Global Spray Painting Machine Market Size and Growth
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- Global Spray Painting Machine Market Competitive Dashboard
- Key Mergers And Acquisitions In The Spray Painting Machine Market
- Spray Painting Machine Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Spray Painting Machine Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Spray Painting Machine Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Spray Painting Machine Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Dürr AG Financial Performance
Table 76: Nordson Corporation Financial Performance
Table 77: Graco Inc. Financial Performance
Table 78: Exel Industries SA Financial Performance
Table 79: ANEST IWATA Corporation Financial Performance
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