Deerfield Beach, FL -- (SBWIRE) -- 07/26/2017 -- Global Painting Tools Market: Overview
Painting tools are basically the tools easing the overall task of painting. A wide array of painting tools is available each of them having unique properties and task. The addition of new tools in the market is increasing the popularity of these tools further among the end-users.
Global Painting Tools Market: Growth Factors
Significant use of painting tools in numerous end-use industries such as construction, automotive, appliances, wood coating, and packaging is anticipated to enhance the global market growth in the near future. Preference in the automotive industry for lightweight materials is anticipated to boost the global market growth in the near future. Rising infrastructure spending particularly in developing economies is further expected to propel the painting tools demand all over the world. The trending concept of a nuclear family along with increasing population has contributed to the growth of residential building construction. Paints and coatings are broadly used since they provide improved appearance to these structures. Changing consumer preference for eye-catching interior textures specifically in the residential sector is further expected to impact the global market growth in a positive way. However, strict government rules regarding product manufacturing may hamper the growth of the global painting tools market to some extent. Furthermore, customer unawareness, as well as high cost of products such as spray gun and sanding tools, is further expected to hinder the product penetration in the market.
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Global Painting Tools Market: Segmentation
The global painting tools market is segmented on the basis of product, application, and region. Based on the product, the global market is segmented as brushes, scrapers, rollers, knives, spray guns, trays, and masking tapes. On the basis of application, the global painting tools market is segmented as construction, appliances, automotive, industrial equipment & machinery, furniture, and packaging. The construction segment is further sub-segmented as residential, industrial, and commercial.
Global Painting Tools Market: Regional Analysis
Asia Pacific is dominating the global painting tools market and is anticipated to continue this trend in the coming future. Infrastructural development particularly in the commercial and industrial sector in China contributing to the growth of Asia Pacific region. Increase in residential building projects in developing economies such as India has propelled the global market growth in this region.
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Global Painting Tools Market: Competitive Players
Some of the major players dominating the global painting tools market include Mill-Rose Company, Gordon Brush, Braun Brush, Anderson Products, Purdy, Milton Brushware, USA Tools, and Allway Tools. Other key players influencing the global market are Richard Tools, EPOS Egypt, Harbor Freight Tools, Shawky Brush & Roller Factory, Nour Egypt, Dura Paints, MAAN, NESPOLI GROUP, and Makinah.
Global Painting Tools Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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