Paint Spraying Equipment Market Update: Exceeding Expectations of Key Players That Shows Promising Future
Seattle, WA -- (SBWIRE) -- 11/29/2019 -- Paint spraying equipment are mechanical devices that evenly coat a large surface with paint or other protective coating in lesser time than brush and rollers. Paints sprayer are not only used for painting woods but also many other products such as brick and metals. These equipement are also used in painting of various OEMs such as automobile and refrigerators.
Key Growth Factors:
Rising construction sector output, manufacturing industry output, construction industry investments, and increasing urbanization are key factors driving growth of the global paint spraying equipment market. In addition, increasing adoption of passenger car in the developing countries are expected to fuel significant growth of the paint spraying equipment's by automobile industry over the forecast period. In addition, technological advancements, increasing architectural paint & coatings application in commercial buildings to enhance appearance are other factors expected to increase demand for paint spraying equipment globally.
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Global paint spraying equipment market segmentation by product type:
- Conventional Sprayers
- High Volume Low Pressure Sprayers
- Airless Sprayers
Global paint spraying equipment market segmentation by application:
- General Metal Finishing
- Wood Finishing
- Plastic Finishing
The market in Europe accounted for largest revenue share in the global paint spraying equipment market, owing to presence of major automobile brands including BMW, Mercedes-Benz, Volkswagen, Porsche, Opel and Audi of automobile industry.
Asia – Pacific region owing to the fast growing automotive industry and infrastructure in developing countries such as India, China and South Korea is expected to show a significant growth in the paint spraying equipment market. With rapid technological advancement paint spraying equipment market is expected to represent substantial growth at a significant CAGR during the forecast period.
Graco Inc, Hi Tec Spray, 3M, Binks, Exel Industries, SATA GmbH & Co, Oliver Technologies, Fuji Industrial Spray Equipment Ltd
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