The global paint tools and accessories market will be driven by increasing spending in construction and automotive industries during the forecast period 2021-2026
New Market Research Expert Report titled, “Global Paint Tools and Accessories Market Size, Share, Price, Trends, Growth, Report, and Forecast 2021-2026”, gives an in-depth analysis of the Global Paint Tools and Accessories Market , assessing the market on the basis of its segments such as product, application, and major regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, and analyzes the market based on Porter’s SWOT and Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.
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The main highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 6.8%
Product innovations such as switching to environmentally friendly and biodegradable painting tools will increase market demand. North America is the primary market for painting tools and accessories due to their significant spending in construction and infrastructure sectors such as mergers and acquisitions to strategically thrive in the domestic markets of the United States and the United States. Canada. The United States of America as well as countries like China and India have also been among the major producers of motor vehicles successfully contributing to the paint equipment market. The growth of electronics industries is also flourishing in the painting tools and equipment market in the United States.
Definition of the industry and main segments
Painting tools and accessories refer to all the equipment that helps to carry out the painting activity. These can include protective equipment such as coveralls, goggles, masks, gloves; room protectors such as tape, protective sheet, canvas sheet; equipment including paint rollers, brushes, sprayers, scrapers; among other accessories.
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On the basis of product, the market is segmented into:
• Roller skates
• Spray guns
On the basis of the application, the market is divided into:
• Industrial machinery and equipment
Major regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The boom in the automotive industry and the resulting use of paint and painting tools are increasing the demand for the painting tools market. A car’s body is given several coats including that of primer, basecoat and clearcoat to seal everything perfectly. In addition, the growing inclination towards the electric automobile, worldwide, will further stimulate the paint equipment market. In the future, the paint tools and accessories market is also expected to be boosted by the propulsion of infrastructure projects, especially in Asian countries like India and China. Rising disposable income and urbanization will create an increased demand for tools and accessories needed for whitewashing and painting in these countries.
Key market players
The main players in the market are Asian Paints Ltd., Gordon Brush Mfg. Co., Inc., J. Wagner GmbH, Nespoli Group Spa, The Sherwin-Williams Co., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are continuously monitoring the impact of this rapidly changing situation on markets and consumer buying behaviors. Thus, our latest estimates and analyzes on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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