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Painting Tools Market Size | Industry Developments, Outlook, Current Trends by 2025

Author : Rahul Varpe | Published Date : 2020-09-10 

The growing demand for modern painting tools owing to their easy availability and consumer-friendly nature is projected to be a major factor augmenting the global painting tools market share. Modern painting tools are extremely user-friendly and can be purchased at lower cost in comparison to other traditional painting equipment.

Additionally, other factors like enhanced aesthetic appeal of walls, easy application of paint on ceilings and walls, and lesser wastage of paints would further complement the market outlook through 2025.

Meanwhile, the growing GDP of numerous economies is also playing a major role in driving the industry growth as increasing per capita income levels of the region’s consumers is creating more growth opportunities and propelling the painting tools market share in the process. 

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Along with the increasing income levels of the consumer base, the introduction of strict norms and regulations regarding the elevated usage of water-based paints, to substantially reduce VOC emissions across numerous manufacturing procedures, is likely to provide a massive growth impetus to the market landscape during the projected analysis period.

With regards to the product segment, scrapers are anticipated to observe substantial growth in the forthcoming timespan due to their extensive use for trueing surfaces or providing a unique decorative finish to the painted surfaces.

Additionally, the rapidly expanding construction sector across emerging economies such as South Africa, UAE, and Saudi Arabia, due to rising population and  increasing trends throughout the home décor segment would play a major role in augmenting adoption of scrapers in coming years. Considering these favorable growth factors, the product segment is slated to witness revenue gains that surpass 5.5% in the overall painting tools market share through 2025.

Geographically, North America painting tools market is estimated to exceed a valuation of $2.5 billion in the overall market share through the forecast timespan. This proliferation of the regional market can be attributed to its rapidly expanding automotive and conduction sectors.

Citing an instance, in 2018, construction applications throughout the region accounted for more than 70% share of the entire industry. Furthermore, growing need for paints in the automobile sector owing to a rise in the annual vehicle production is expected to be another factor that would play a pivotal role towards facilitating rapid market expansion in the region. 

In terms of application, increasing demand for household and institutional furniture, due to the evolving interior design and home decoration trends, is likely to bolster growth from the furniture application segment through the forecast timeframe.

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In addition, mounting demand for furniture in houses as well as commercial establishments for facilitating a comfortable working and living environment is likely to further add up to the segment share. Based on these trends, furniture application segment is projected to exceed a valuation of $900 million through 2025.

The competitive landscape of painting tools market is inclusive of players such as Richard Tools, Milton Brushware, Anderson Products, Purdy, Braun Brush, Mill-Rose Company, Nespoli Group, Dura Paints, Gordon Brush, and Asian Paints among others. 

 

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

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