Market Overview:
The global paint finishing equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for paints and coatings in various end-use industries, such as residential, commercial, and industrial painting. In addition, the increasing adoption of automatic paint finishing equipment is also contributing to the growth of this market. Based on type, the global paint finishing equipment market can be segmented into manual and automatic segments. The automatic segment is expected to grow at a higher CAGR than the manual segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as ease of use and increased efficiency offered by automated systems compared with manual systems. Based on application, the global paint finishing equipment market can be divided into residential painting, commercial painting, and industrial painting segments.
Product Definition:
The term "paint finishing equipment" refers to the tools and machines used to apply a finish or coating to a painted surface. The most common type of paint finishing equipment is an air compressor and spray gun. Other types of equipment include rollers, brushes, and spray bottles.
Paint finishing equipment is important because it allows the painter to apply a consistent, even coat of paint to the surface. This helps create a smooth, finished appearance that can enhance the overall look of the object being painted.
Manual:
Manual is a tool used in paint finishing equipment to apply the paints on the surface. It’s an alternative to automatic systems as it requires more human intervention and provides better control over the system. The manual systems are widely used for applying emulsion paints, enamels, lacquers, and distempers on wood or metal surfaces.
The global manual market size was valued at USD 685 million in 2016.
Automatic:
Automatic is a tool that performs several functions from cleaning and priming the paint to delivering the final coat of color. It is used in different types of equipment such as air compressor, spray guns, roller, and brush applicators. The demand for automatic has increased over time owing to its efficiency and ease of use. Moreover it reduces human errors which makes it more reliable for production purposes.
Application Insights:
The global demand for the equipment has witnessed a paradigm shift due to rising awareness among consumers. The residential segment dominated the overall industry in terms of revenue as well as volume in 2017 and is expected to continue its dominance over the forecast period. Increasing consumer disposable income levels coupled with rising real estate prices have resulted in an increased number of painting projects at homes, thereby driving growth.
The commercial segment is also anticipated to witness significant growth over the next eight years owing to increasing construction activities at offices and shops across various regions including Asia Pacific and Middle East & Africa. Rapidly expanding retail sector, especially e-commerce has led consumers towards purchasing products online which eventually leads them towards industrial usage of paints which can be applied using these machines after proper preparation work is done on walls first using sanders followed by brushes or rollers depending upon type of surface being painted along with priming before actual painting process starts.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to continue its dominance over the forecast period owing to presence of a large number of players, high disposable income and growing demand for decorative paints. Europe also held a significant market share in 2017 due to increasing spending on home improvement activities and rapid growth of residential construction sector.
Asia Pacific is anticipated to be the fastest-growing regional segment over the forecast period owing to rising disposable income, expanding middle class population base, improving standards of living coupled with government initiatives encouraging private investments in infrastructural development projects such as hospitals, schools and colleges etc., which will drive product demand across various applications. Moreover, economic reforms by governments are creating new opportunities for key industry participants as well as raw material suppliers thereby benefitting end-use industries operating within Asia Pacific region.
Growth Factors:
- Increasing demand for automobiles and other transportation equipment
- Growing construction and infrastructure activities
- Rising demand from the furniture and interior decoration industry
- Proliferation of online retailing that is fuelling the demand for painted products
- Technological advancements in paint finishing equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Paint Finishing Equipment Market Research Report
By Type
Manual, Automatic
By Application
Residential Painting, Commercial Painting, Industrial Painting
By Companies
The Grieve Corporation, System Technologies, Inc., Exel North America, Inc., Deyco, Inc., KMI Systems, Inc., The Grieve Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Paint Finishing Equipment Market Report Segments:
The global Paint Finishing Equipment market is segmented on the basis of:
Types
Manual, Automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Painting, Commercial Painting, Industrial Painting
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Grieve Corporation
- System Technologies, Inc.
- Exel North America, Inc.
- Deyco, Inc.
- KMI Systems, Inc.
- The Grieve Corporation
Highlights of The Paint Finishing Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual
- Automatic
- By Application:
- Residential Painting
- Commercial Painting
- Industrial Painting
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Paint Finishing Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Paint finishing equipment is a specialized piece of equipment used in the painting and coatings industry to achieve specific finishes on products. This includes things like varnishing, lacquering, and sealants.
Some of the major companies in the paint finishing equipment market are The Grieve Corporation, System Technologies, Inc., Exel North America, Inc., Deyco, Inc., KMI Systems, Inc., The Grieve Corporation.
The paint finishing equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Paint Finishing Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Paint Finishing Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Paint Finishing Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Paint Finishing Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Paint Finishing Equipment Market Size & Forecast, 2020-2028
4.5.1 Paint Finishing Equipment Market Size and Y-o-Y Growth
4.5.2 Paint Finishing Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Manual
5.2.2 Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Painting
6.2.2 Commercial Painting
6.2.3 Industrial Painting
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Paint Finishing Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Paint Finishing Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Manual
9.6.2 Automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Painting
9.10.2 Commercial Painting
9.10.3 Industrial Painting
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Manual
10.6.2 Automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Painting
10.10.2 Commercial Painting
10.10.3 Industrial Painting
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Manual
11.6.2 Automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Painting
11.10.2 Commercial Painting
11.10.3 Industrial Painting
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Manual
12.6.2 Automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Painting
12.10.2 Commercial Painting
12.10.3 Industrial Painting
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Manual
13.6.2 Automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Painting
13.10.2 Commercial Painting
13.10.3 Industrial Painting
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Paint Finishing Equipment Market: Competitive Dashboard
14.2 Global Paint Finishing Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Grieve Corporation
14.3.2 System Technologies, Inc.
14.3.3 Exel North America, Inc.
14.3.4 Deyco, Inc.
14.3.5 KMI Systems, Inc.
14.3.6 The Grieve Corporation
