Global spray painting machine market is expected to grow at a CAGR of 4.9%. The market value is projected to increase from US$ 4,325.4 Mn in 2023 to US$ 6,978.9 Mn by 2033.
The Spray Painting equipment is expected to reach a market value of US$ 6,978.9 Mn in 2033, growing at a CAGR of 4.9% between 2023 and 2033. The spray painting industry is mature, but it is changing due to rising customer demand for improved food safety, sustainability, and quality.
According to FMI, a market research and competitive intelligence provider, the global market value for Spray Painting machines has increased over the last half-decade due to increased application of the product in the food and beverage processing industry. Various governments are assisting food equipment manufacturers in mass-producing spray painting by providing subsidies and interest-free loans to food processing and related industries.
Top market players claim that they benefit from their comprehensive expertise and many years of experience in coating technology for surface finishing. They offer innovative systems for wet paint and powder coating, for industrial applications. To apply paint and plaster, craftsmen use their economical and reliable equipment in operation with various technologies such as ‘airless’. These aspects are responsible for the future spray painting machine growth.
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Owing to their competence, the key players have been successful in developing a whole range of user-friendly renovation products, especially for DIY enthusiasts. Furthermore, they claim that their spray systems cover the widest range of applications due to their ideal units. End users can achieve uniform coverage, in just one coat, with their wall paint spray systems to save drying time and to avoid having to apply a second or third coat.
Most market players are committed to professional contractors by designing high-performance sprayers that maximize productivity on the job. Hence, customers can choose from battery, electric or gas-powered spray painting machines to grow their business and keep it profitable. These elements are estimated to propel the adoption of spray painting machines amongst various kinds of end users. The spray guns deliver incredible performance using very high pressure pump to be able to work with a long hose length with powerful atomizing pressure, as well as fast motor inversion to avoid pulsation.
However, high initial cost of some of these spray painting machines may hinder the product demand. In addition, the high pressure of these spraying equipment could be dangerous for the user. Moreover, these spray painting machines requires a lot of effort to clean.
Key Takeaways from the Spray Painting Market Study:
The global market for spray painting machines is growing at a rapid pace. Key players in the market are investing heavily in research and development to gain a competitive edge. The market is highly fragmented with a large number of small and medium sized manufacturers.
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Who is winning?
The spray painting machine industry is moderately consolidated with prominent players holding a chuck of the total share. Moreover, key players are mainly relying on coherent growth strategies such as product launches and R&D developments to expand the overall spray painting machine market share. For instance, Wagner, a leader in paint applicator announced the launch of FLEXiO 4300, a versatile paint sprayer that can cover a variety of indoor and outdoor projects such as furniture, cabinets and larger projects like decks, fences and walls.
Key players in the market are:
Get Valuable Insights into Spray Painting Market
FMI, in its new offering, provides an unbiased analysis of the Spray Painting equipment market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Spray Painting equipment based on – By type (Airless spraying machines, HVLP spraying machines, and LVLP spraying machines), by Application (Wood Furniture Industry, Automotive Industry, Aerospace Industry, Construction Industry, food & beverage equipment manufacturing Industry and Others).
Spray Painting Machine Market by Category
By Type, Spray Painting Machine Market is segmented as:
By Application, Spray Painting Machine Market is segmented as:
By Region, pray Painting Machine Market is segmented as:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Dec 27, 2022
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