A CAGR of 4.9% is anticipated between 2023 and 2033 for the market value of spray painting equipment, which is predicted to reach US$ 6,978.9 million in that year. Although the spray painting industry is established, it is evolving in response to growing consumer demand for better food quality, sustainability, and safety.
The value of the global market for spray painting machines has grown over the past five years, according to FMI, a provider of market research and competitive intelligence. This growth is attributable to more people using the product in the food and beverage processing sector. By offering subsidies and interest-free loans to the food processing and related industries, various governments help food equipment manufacturers produce spray painting in large quantities.
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:
- During the projection period 2023-2033, the Spray Painting Market is expected to be the fastest-growing segment, rising at a CAGR of 4.9%.
- The Global Spray Painting Machine market is forecast to reach US$ 3,248.1 Mn by 2017, according to a previous report by FMI. The market was valued at US$ 4,123.8 Mn in 2022 and is expected to grow at a CAGR of 4.9% during the forecast period.
- With increased spending on innovation and automation in food and beverage processing equipment by US Federal and State government, the US will likely dominate the Spray Painting Market. Key players in the U.S. have decades of experience in portable airless spray painting machines and have been involved in innovation to deliver the high performance and maximum productivity required to grow businesses.
- Asia pacific region is proving to be an emerging market for Spray Painting Machines. In India, market players provide entry level equipment for small projects, to heavy-duty paint sprayers for large commercial applications. Additionally, manufacturers have consistently offered quality approved spray painting machines to their customers, in order to maintain the quality conscious image of their brand in the industry.
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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:
- Wagner Group GmbH
- Nordson Corporation
- Graco Inc.
- Kremlin Rexson S.A.S.
- SAMES KREMLIN
- IWAI
- ANEST IWATA Corporation
- SATA GmbH & Co. KG.
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).
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Spray Painting Machine Market by Category
By Type, Spray Painting Machine Market is segmented as:
- Airless spraying machines
- HVLP spraying machines
- LVLP spraying
By Application, Spray Painting Machine Market is segmented as:
- Wood Furniture Industry
- Automotive Industry
- Aerospace Industry
- Construction Industry
- Food & Beverage Equipment Manufacturing Industry
- Others
By Region, pray Painting Machine Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Future Market Insights (FMI)
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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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