Global Painting Tools Market Overview:
Painting tool is those type of tool which is mainly used to change the area of the image by adding various stroke painting technique. Increasing usage of painting tools in various application such as construction, appliances, automotive, industrial equipment & machinery, furniture and packaging, increasing infrastructure projects, increased construction expenditure are some of the major drivers which affect the growth of the market in future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising consumer Preferences towards the Aesthetics and Designs of the Walls in the Residential as well as Commercial Building Worldwide
Market Growth Drivers:
Increase in Residential Building Projects in Developing Economies such as India and China, Increasing usage of painting tools in consumer electronic products globally and Increasing Demand from End-Use Industries such as Construction, Automotive, among others
Challenges:
The problem regarding Some High Prices of Printing Tool Product and Huge Presence of a Large Number of Local as well as Regional Players
Restraints:
The major concern regarding Lack of Availability of the Skilled Labor and Issue Related to Rising Labor Costs in the Developed Economies Such as China, the United States, and Others Countries
Opportunities:
Increasing Applications of Painting Tools in the Building & Construction Industry and Growing Demand from Emerging Market such as China, Brazil, Philippines, among others
Competitive Landscape:
The market appears to be highly fragmented and with the presence of several companies including such as The Mill-Rose Company (United States), Gordon Brush (United States), Nespoli Group (Italy), among others
Some of the key players profiled in the report are Asian Paints Limited (India), Gordon Brush (United States), Dura Paints (South Africa), Nespoli Group (Italy), The Mill-Rose Company (United States), Braun Brush Co. (United States), Anderson Products (United States), Purdy Corporation (United States), USA Tools (United States) and Allway Tools, Inc. (United States). The Manufacturers having a strong hold in the market are Asian Paints Limited (India), Gordon Brush (United States), Dura Paints (South Africa), among others. Additionally, following companies can also be profiled that are part of our coverage like Shawky Brush & Roller Factory (United States), Harbor Freight Tools (United States), Richard Tool & Die Corporation (United States) and EPOS Egypt (Egypt). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Painting Tools market by 2030. Considering Market by Wire Material, the sub-segment i.e. Bristle will boost the Painting Tools market. Considering Market by Shape, the sub-segment i.e. Long will boost the Painting Tools market. Considering Market by Industry Vertical, the sub-segment i.e. Construction will boost the Painting Tools market.
Latest Market Insights:
In December 2017, the Asian Paints Limited (India) company has acquired Reno Chemicals Pharmaceuticals and Cosmetics Pvt. Ltd (India) Company for more than USD 24.7 million. Hence, this acquisition supported the company to strengthen the painting tools product portfolio.
In March 2019, the Gordon Brush Mfg. Co., Inc. (United States) has announced the acquisition of Spectrum Paint Applicator Corp. (United States) which manufactures industrial paint brushes with paint rollers as well as artist brushes. Therefore, this acquisition has helped the company to expand its product portfolio of the company.
What Can be Explored with the Painting Tools Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Painting Tools Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Painting Tools
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Painting Tools market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Painting Tools market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Painting Tools Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.