Expert Market Research’s new report titled “Global Paint Tools and Accessories Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, gives an in-depth analysis of the global market. painting tools and accessories market, assessing the market based on its segments such as product, application, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 6.8%
Product innovations such as shifting to eco-friendly and biodegradable painting tools will increase market demand. North America is the leading market for painting tools and accessories owing to their large spending in construction and infrastructure sectors like mergers and acquisitions to strategically thrive in the domestic markets of the United States and Canada . The United States of America along with countries like China and India have also been among the major automotive producers successfully contributing to the paint equipment market. The rise of electronic industries is also flourishing for the painting tools and equipment market in the United States.
Industry definition and major segments
Painting tools and accessories refer to all the equipment that helps in carrying out the painting business. These may include protective equipment such as coveralls, goggles, masks, gloves; workpiece protections such as masking tape, dust cloth, cloth sheet; equipment, including paint rollers, brushes, sprayers, scrapers; among other accessories.
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On the basis of product, the market is segmented into:
• Paint brushes
• Roller skates
• Spray guns
Based on Application, the market is split into:
Major regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The booming automotive industry and consequent use of paint and painting tools is boosting the demand for the painting tools market. The body of a car is given several coats including that of primer, base coat and clearcoat to seal everything perfectly. Additionally, the growing inclination towards electric automobiles, worldwide, will further drive the paint equipment market. Going forward, the painting tools and accessories market is also expected to be invigorated by propelling infrastructure projects, especially in Asian countries like India and China. Increasing disposable income and urbanization will create an increased demand for tools and accessories needed for bleaching and painting in these countries.
Main market players
Major players in the market are Asian Paints Ltd., Gordon Brush Mfg. Co., Inc., J. Wagner GmbH, Nespoli Group Spa, The Sherwin-Williams Co., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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