Spray Gun Market Growing at a CAGR of 3.6% During Forecast Period 2020-2025


Posted August 25, 2020 by debramiller

"Rising demand for luxury furnishing products magnifies the overall market demand for spray gun during the forecast period 2020-2025."

 
Spray Gun Market size in 2019 is estimated to be $1.3 billion, growing at a CAGR of 3.6% during the forecast period 2020-2025. The spray gun is equipment developed from the airbrush which sprays paint on a surface by using air pressure. It is used to paint any type of surface such as wood, metal, stone, plastic, fabric. The airless spray gun is also used to apply paint uniformly on the surface and saves time. Rapid growth in automotive, healthcare, and furnishing industries and technological advancement are the major factors driving the growth of the market. Moreover, rising demand for luxury furnishing products further magnifies the overall market demand for spray gun during the forecast period 2020-2025.

Key Takeaways:

In 2019, North America dominates the spray gun market owing to the rise in demand for high-pressure spray guns in the automotive sector.
Rapid growth in automotive, healthcare, and furnishing industries and technological advancement is driving the market growth of spray guns.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the spray gun market report.
The high cost of the spray gun and strict government regulations are challenging the growth of the market.
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Geography – Segment Analysis

North America dominated the spray gun market share accounting for 46% of the market in 2019. This is mainly owing to the rise in demand for a high-pressure spray gun in the automotive sector. North America distributes painting equipment for a variety of products and paints application. Manual spray guns and automatic spray guns are available in diverse configurations to suit a wide range of applications.

However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is owing to advancement in technology and rising demand for luxury furnishing product.

Drivers – Spray Gun Market:

Growth in Automotive and Furnishing Industries
Technological Advancements

Spray Gun Industry Outlook: Spray Gun top 10 companies are 3M Co., Anest Iwata Corp., Carlisle Companies Inc., EXEL Industries, Fuji Industrial Spray Equipment Ltd., Graco Inc., J. Wagner GmbH, Nordson Corp., SATA GmbH & Co. KG, and Zhejiang Auarita Pneumatic Tools LLC.

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Issued By Debra Miller
Business Address https://www.industryarc.com
Country India
Categories Business , Manufacturing , Reports
Tags spray gun market , spray gun market forecast , spray gun market growth , spray gun market report , spray gun market share , spray gun market size
Last Updated August 25, 2020