Painting Tools Market Key Industry Players & Growth Trends over 2019 - 2025
The Painting Tools Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the Global Painting Tools industry based on product segment, technology, end user segment and region.
Increasing infrastructure projects along with steady support from public private partnerships are among the major driving factors for growth in the construction industry which in return will drive the overall painting tools market size. Increasing needs for houses along with investment regarding infrastructure development is estimated to fuel the industry growth. Rising smart cities demand and increased construction expenditure for economically stabilizing countries is expected to propel the painting tools market expansion.
Request for a Sample copy of this Report @
Population growth, environmental impacts and urbanization has up surged the need for smart and sustainable infrastructure solutions. For instance, global construction industry is set to grow at around 2.8% up to 2021. In addition, providing efficient building methods coupled with ability to offer effective integration, planning and designing, are the major factors further propelling the painting tools market growth. This has resulted in demand for painting brushes and rollers as they are widely used in painting houses.
Rising awareness among people about the major link between infrastructure and quality of life may has resulted in a major public policy shift, thus driving painting tools market in the major demographic regions. An upsurge in the applications of paints & coatings on the consumer electronic products will fuel the industry demand. Rapid technological advancements pertaining to new & improved designs of the painting tools along with significant R&D investments by the key players will proliferate the business share. However, lack of availability of the skilled labor and rising labor costs in the developed economies such as China, U.S., UK, and Canada may hamper the overall trade across the globe.
Painting tools market from residential construction is anticipated to witness over 6% growth in terms of revenue up to 2025. Growing population, increasing regulatory support from various government bodies, and surging incorporation of the green technologies in the building projects will enhance the segment scope in the market. Additionally, rising popularity of the multi generation suites in the new home construction sector along with extra kitchen in the apartment will further propel segment growth in the overall painting tools market share.
Inquiry Before Buying This Report @
Europe accounted for over USD 2 billion in the overall painting tools market in 2018. Surging product demand from professional craftsmen in the architectural industry and quality minded home improvement enthusiasts will propel the industry expansion. In addition, rising demand from the decorative paints segments along with general industrial applications will further enhance the overall painting tools market growth across the region. Moreover, shifting consumer preferences towards the aesthetics and designs of the walls in the residential and commercial buildings will promulgate the market share.
Gordon Brush, Asian Paints, Nespoli Group, Dura Paints, and Anderson Products are among the major manufacturers in the business. Global painting tools market share is highly competitive with the presence of major multinational corporations. The key manufacturers are involved in numerous production capacity expansions, mergers & acquisitions, new product launches, and long-term agreements to gain a competitive edge over other players. For instance, on 21st March 2019, Gordon Brush announced the acquisition of Spectrum Paint Applicator Corp. which is the leading producer of consumer & industrial paint brushes along with paint rollers and artist brushes. The acquisition will strengthen the company presence in the paint brush industry across the globe.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Painting Tools Market Key Industry Players & Growth Trends over 2019 - 2025
Reviewed by Vinayak Shinde
on
April 25, 2019
Rating:
Reviewed by Vinayak Shinde
on
April 25, 2019
Rating:
No comments