Albany, NY — (SBWIRE) — 03/22/2019 — Painting tools are highly efficient, economical, and are used for various applications across different industries. The painting tools market is gaining increasing popularity due to its wide range of applications. Technological advancements and rise in automation has led to the introduction of better painting techniques. Demand for painting tools has been rising at a significant pace in the last few years.
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Rapid urbanization along with increased spending in infrastructural development is anticipated to drive the growth of the painting tools market across the globe. Increase in construction activities, and renovation of commercial & residential buildings coupled with growth in the retail sector is directly related to the performance of the painting tools market. Expanding foreign investment across various developing economies and rising population is adding to the growth of the painting tools market. Construction industry is projected to be one of the major contributors in the painting tools market in the coming years. Rising demand for visibly striking textures in residential & commercial buildings are the primary factors driving the demand for painting tools. Increasing application of architectural paint or coatings to enhance the aesthetic appearance of different buildings will boost the penetration of painting tools in the global market.
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However, industrial painting is a complex process and requires highly efficient tools. Leading manufacturers are therefore emphasizing on introducing efficient and eco-friendly tools to ease the process of painting. This has resulted in the development of electrostatic manual spray guns.
The global painting tools market can be segmented based on product type, application, distribution channel, and region. In terms of product type, the painting tools market can be divided into rollers, trays, brushes, knives, spray gun, scrapers, masking tapes and others. Brushes, rollers, gun sprays, etc., are some of the crucial and commonly used painting tools. Wide range of paints and coatings are available for various types of surfaces, which requires the usage of different kinds of tools. Rollers are widely preferred as it can whitewash, paint, or treat a huge area easily. It is especially convenient to paint the floor with a roller, even if it has an uneven surface. Based on application, the painting tools market can be bifurcated into automotive, construction, furniture, appliances, packaging, industrial machineries and equipment, and others. In terms of distribution channel, the painting tools market can be classified into online and offline channel. Offline channel can be further bifurcated into hypermarkets and supermarkets, specialty stores, departmental stores, and others. The growth of mass merchandisers in emerging markets has led to increased distribution of painting tools across various regions. In terms of region, the painting tools market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In Germany, strong presence of the automobile industry with major players including Mercedes-Benz, Audi, Volkswagen, and many others makes it a significant contributor to the global painting tools market. Moreover, increased infrastructural development in Asia Pacific countries such as China, Japan, and India will have a positive impact on product penetration in this region.
The global painting tools market is growing at a rapid pace. Large numbers of domestic and regional players are offering specific products for different end-users due to rise in competition in the market. Leading players are looking forward to strategic collaborations and mergers & acquisitions to increase their customer base across the globe. Key players operating in the global painting tools market include Braun Brush, Milton Brushware, Richard Tools, Gordon Brush, Allway Tools, USA Tools, Harbor Freight Tools, EPOS Egypt, Shawky Brush & Roller Factory, Purdy, Dura Paints, Mill-Rose Company, Nour Egypt, MAAN, Anderson Products, Makinah, and NESPOLI GROUP.
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