Paint Spray Guns Market Expected to Reach $2.3 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Paint Spray Guns Market," The Paint Spray Guns Market was valued at $1.5 billion in 2021, and is estimated to reach $2.3 billion by 2032, growing at a CAGR of 3.6% from 2023 to 2032. 

Commonly observed types of paint spray guns are airless, compressed air, HVLP (high volume low pressure), LVLP (low volume low pressure), and electrostatic. Among these, the HVLP segment accounted for the highest market share in 2021, owing to its wide usability. The market is analyzed with respect to different technology types, such as automatic and manual. Among these the manual segment accounted for a high revenue share in 2021. The market is mainly driven by rise in construction and maintenance of residential and non-residential buildings. Furthermore, on the basis of end-user industry, the manufacturing segment is anticipated to witness rapid growth during the forecast period, owing to rise in demand for manufactured products and an increase in disposable income. However, requirement of external power source by the paint spray gun restraints the growth of the market.  

According to paint spray guns market analysis, region wise, Asia-Pacific dominated the paint spray gun market in 2021, in terms of revenue, followed by North America and Europe. Moreover, the market in LAMEA is anticipated to grow with high CAGR, owing to mostly untapped market. The advancements in paint spray guns have significantly increased the usability of paint spray gun. Introduction of paint spray guns that are light in weight and incorporation of microprocessors for smart controls are anticipated to provide lucrative opportunities for the market growth that further helped in expansion of paint spray guns market size.   

For instance, in October 2021, 3M India, introduced a paint spray gun that is approximately 50% lighter as compared to other offerings in the segment. It incorporates an impact-resistant, stainless steel-reinforced composite body, which makes it the lightest spray gun in the world in its segment. This is expected to make it easier for the operator to paint with less strain. In addition, in February 2023, Graco Inc. launched new range of paint spray guns that have the most advanced atomization technology, resulting in the best finish quality and transfer efficiency.  

Painting is one of the most crucial aspects of any product, object or a building. By applying paint to a surface of product, object or a building, their durability can be enhanced. This is due to the fact that paint offers a barrier between the harsh conditions of the environment and the product. Furthermore, paint enhances the looks and aesthetics of that product, object, or a building. A paint spray gun can paint the required surface faster, than paint brushes and rollers. In addition, the paint spray can reach in the difficult to access voids and spaces on the surface. Moreover, since spray painting is a touchless process, the paint finish is blemish free and of high quality. Such advantageous features are anticipated to drive the paint spray guns industry. 

In addition, the adoption of both automatic and manual paint spray guns are growing. Automatic paint spray guns are used by the large manufacturer and are often placed in  production lines. These are held by robotic arms and offer a high-speed painting. They are often used by manufacturers having high production speeds. Moreover, they provide even finish without any blemishes. In addition, since there is no operator in the vicinity of the paint spray, the health hazard is significantly reduced.  

Moreover, manual paint spray guns are used by small manufacturers who do not have a state-of-the-art production line. These paint spray guns are highly versatile and can be used to paint any surface in any given conditions. They are simple in design, are highly affordable and easy to maintain. Moreover, they only require small training to be able to use them. Such factors are anticipated to drive the growth of the market during the paint spray guns market forecast period. 

Furthermore, the automobile sector having a significant paint spray guns market share is witnessing a considerable rise, despite the negative impact of COVID-19. In order to paint vehicles, automobile manufacturers predominantly use paint spray guns. Thus, rise in automotive industry is anticipated to drive the growth of the paint spray gun market. Moreover, building construction sector is witnessing a rise across the world owing to rise in population and urbanization. Since, paint spray guns are used widely in painting of walls, the increase in construction sector is anticipated to drive the demand for paint spray guns. Furthermore, manufacturing sector is also witnessing a rise, owing to rise in disposable income of people around the world. In addition, the consumer durables are anticipated to witness growth at a significant rate. Manufacturing sector uses paint spray guns to paint the products, owing to much-desired advantages, such as quick painting, and blemish-free surface finish. Thus, rise in manufacturing sector is anticipated to positively influence the paint spray gun market. Furthermore, the developments in the paint spray guns have enabled them to be light in weight, quickly cleanable, and include microprocessor-based controls, which are anticipated to provide lucrative opportunities for the paint spray guns market growth.   

During the pandemic lockdown, various manufacturers in the paint spray gun market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of paint spray gun manufacturing companies. In addition, lack of manpower and raw materials constricted supply of raw materials for paint spray guns and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.  

Key Benefits For Stakeholders 

• The report provides an extensive analysis of the current and emerging global paint spray guns market trends and dynamics during the motor grader market forecast period. In addition, it offers paint spray guns market outlook.

• Depending on product type, the HVLP segment was the largest revenue generator in 2021. 

• By technology, the manual segment generated the highest revenue in 2021. 

• On the basis of end user, the automotive segment dominated the market in 2021.  

• Region wise, Asia-Pacific is anticipated to dominate the global paint spray guns market throughout the study period.