Manual Spray Guns Market size was valued at $1.8 billion in 2020, and is projected to reach $2.6 billion by 2032, growing at a CAGR of 2.8% from 2023 to 2032.
WILMINGTON, DELAWARE, UNITED STATES, April 11, 2024 /EINPresswire.com/ — Manual Spray Gun Market by Type (Airless Spray Gun, HVLP, and LVLP), Material (Paint, Coating, Fire protection, and Other), Power Source (Pneumatic, Electric, and Gas powered), End-user Industry (Automotive, Woodworking, Marine, Steel, Construction, Manufacturing, and Others) and Sales Type (Dealers/Distributors, DIY, and Professionals): Global Opportunity Analysis and Industry Forecast, 2022–2032.” According to the report, the global manual spray guns market was valued at $1.8 billion in 2020, and is projected to reach $2.6 billion by 2032, registering a CAGR of 2.8% from 2023 to 2032.
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Professional painters and do-it-yourselfers alike utilize paint spray guns to coat a variety of surfaces by spraying paint onto them. Paint sprayers atomize liquid paint using pressure from an external source before spraying it on the desired surface. Paint spray guns can be used by both professional and non-professional users due to the market’s availability of a wide range of sizes, capacities, and operating principles. Due to its beneficial characteristics, such as speedier paint application, blemish-free paint layer, and ability to access difficult-to-reach voids and places, the paint spray gun has seen an increase in popularity.
Covid-19 Scenario
Due to the COVID-19 pandemic and the subsequent global lockdowns, the manual spray guns market faced a downturn.
However, as the global situation started improving, the demand for manual spray guns was restored back. This, in turn, presented various growth opportunities for companies operating in the manual spray guns market.
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The paint segment maintained its leadership status throughout the forecast period.
Based on material, the paint segment held the highest market share in 2022, accounting for more than two-thirds of the manual spray guns market revenue and is estimated to maintain its leadership status throughout the forecast period, these paint spray guns are highly versatile and are used to paint any surface in any given conditions. The coating segment is projected to manifest the highest CAGR of 3.4% from 2022 to 2032, owing to increasing concern about environmental rules and regulation, it has driven the demand for eco-friendly coating system solutions.
The pneumatic segment maintained its leadership status throughout the forecast period.
Based on power source, the pneumatic segment held the highest market share in 2022, accounting for nearly two-thirds of the manual spray guns market revenue and estimated to maintain its leadership status throughout the forecast period, pneumatic manual spray guns have various advantageous features that make them ideal choice for various applications. The gas powered segment is projected to manifest the highest CAGR of 3.6% from 2022 to 2032, gas powdered manual gun spray has several advantages of portability, enable users to operate them in outdoor or isolated environments.
The automotive segment maintains its lead position during the forecast period.
Based on end user industry, automotive segment accounted for the largest share in 2022, contributing to nearly two-fifths of the manual spray guns market revenue, Along with basic features such as engine, transmission, and steering, the sales of cars and other vehicles are also dependent on their looks. The woodworking segment is expected to portray the largest CAGR of 4.9% from 2022 to 2032, Owing to the increase in number of vehicles, developing economies are witnessing exponential growth..
Asia-Pacific to maintain its dominance by 2032.
Based on region, Asia Pacific held the highest market share in terms of revenue in 2022, accounting for more than half of the manual spray guns market revenue, owing to developing nations such as India and China which is pulling the focus towards the new construction projects. However, LAMEA is expected to witness the fastest CAGR of 5.2% from 2022 to 2032, owing to rising construction and infrastructure sectors in developing countries such as India, China, and others.
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Leading Market Players: –
3M Company, ANEST IWATA CORPORATION, Graco, Inc., SATA GmbH & Co, Wagner Spray Tech Corporation, Fuso Seiki Co., Ltd., Exel Industries SA, Tritech Industries, Inc., Prowin Tools Company Ltd., Rongpeng Air Tools Co., Ltd.
The report provides a detailed analysis of these key players of the manual spray guns market. These players have adopted different strategies such as new product launches, business expansion, acquisition, collaboration, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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