Global Spray Gun Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Spray guns are handheld devices used for applying precision coatings such as paint, varnish, or sealant to surfaces. They operate by atomizing the coating into a fine mist and propelling it onto the target surface, ensuring even coverage. They offer a more efficient and even application of paint compared to traditional brushes or rollers.

Sizing and Forecast
The spray gun market size has grown strongly in recent years. It will grow from $1.61 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%.  The growth in the historic period can be attributed to the expansion of various industries, the growth of the automotive sector, the increasing adoption of powder coating, stricter environmental regulations, and the construction and real estate boom.

The spray gun market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.  The growth in the forecast period can be attributed to the need for precision in painting and coating, rapid urbanization and infrastructure development, and the use of spray guns in various industrial applications. Major trends in the forecast period include increased automation, eco-friendly solutions, enhanced ergonomics, digital integration, material versatility, and material versatility.

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Segmentation & Regional Insights
The spray gun market covered in this report is segmented –
1) By Product Type: High Volume Low Pressure (HVLP), Airless, Pneumatic, Electrostatic, Low Volume Low Pressure (LVLP)
2) By Application: Metal Finishing, Wood Finishing, Plastic Finishing, Other Applications
3) By End-User: Hospital, Pharmaceutical And Biotechnological Industry, Research And Development Centers, Other End Users

North America was the largest region in the spray gun market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in spray gun report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
An increasing number of construction activities are expected to propel the growth of the spray gun market going forward. Construction activity refers to the process of planning, designing, building, and maintaining structures such as buildings, roads, bridges, dams, and other infrastructure projects. The increase in construction activities is fueled by the growing demand for urbanization and infrastructure development to support expanding populations and economic growth. Spray guns in construction are essential for the efficient application of paint, coatings, and sealants, ensuring even coverage and precise finishing, thus enhancing the durability and aesthetics of structures. For instance, in October 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is expected to increase by 42%, or $4.5 trillion, to reach $15.2 trillion. Therefore, an increasing number of construction activities are driving the growth of the spray gun market.

Key Industry Players
Major players in the spray gun market are The Home Depot Inc., 3M Company, PPG Industries Inc., Nordson Corporation, Graco Inc., EXEL Industries, Anest Iwata Corporation, Kremlin Rexson, SATA GmbH & Co. KG, Campbell Hausfeld, Walther Pilot, Elcometer Limited, Carlisle Fluid Technologies, HomeRight, Titan Tool Inc., Tekna, WAGNER Group GmbH, Astro Pneumatic Tool Company, Fuji Industrial Spray Equipment Ltd., DeVilbiss Automotive Refinishing, SprayMax, Asahi Sunac Corporation, Carlisle Fluid Technologies, Apollo Sprayers International Inc., Auarita, Sharpe Manufacturing Company, Zinsser

The spray gun market report table of contents includes:
1. Executive Summary
2. Spray Gun Market Characteristics
3. Spray Gun Market Trends And Strategies
4. Spray Gun Market - Macro Economic Scenario
5. Global Spray Gun Market Size and Growth
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32. Global Spray Gun Market Competitive Benchmarking
33. Global Spray Gun Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Spray Gun Market
35. Spray Gun Market Future Outlook and Potential Analysis
36. Appendix