Dublin, July 10, 2019 (GLOBE NEWSWIRE) -- The "Global Painting Tools and Accessories Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Increasing number of infrastructure projects
The number of residential and commercial buildings in the UAE, Saudi Arabia, India, and China is increasing with the rising need for residential construction projects. This results in increased demand and sales of painting tools and accessories. This will lead to the expansion of the global painting tools and accessories market at a CAGR of close to 6% during the forecast period.
Rising adoption of eco-friendly painting tools
The adoption of low volatile compound (VOC) and environmentally friendly paints is gaining traction with the rising environmental concerns. Similarly, vendors are introducing replaceable bristle packs to prevent environmental pollution caused by the disposing of brushes with dried paint sticking to them. The emergence of such eco-friendly products is expected to have a positive impact on the overall market growth.
Segment Analysis
This painting tools and accessories market analysis considers sales from products including brushes, rollers, spray guns, scrapers, and others. The analysis also considers the sales of painting tools and accessories in APAC, Europe, North America, South America, and MEA.
In 2018, the brushes segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing demand for painting to improve the appearance of buildings and protect them from damage will play a significant role in the brushes segment to maintain its market position.
Drivers & Restraints
The market report looks at factors such as the increasing number of infrastructure projects, growth of the automotive industry, and rising use of painting tools in consumer electronics.
However, volatility in the cost of raw materials required to manufacture painting tools, issues associated with the use of painting brushes, and wide availability of painting tools and accessories on rent may hamper the growth of the painting tools and accessories industry over the forecast period.
Competitive Landscape
With the presence of several major players, the global painting tools and accessories market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading painting tools and accessories manufacturers that include:
- Asian Paints
- Gordon Brush Mfg. Co.
- J. Wagner GmbH
- Nespoli Group S.p.A.
- The Sherwin-Williams Co.
Also, the painting tools and accessories market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Comparison by product
- Brushes - Market size and forecast 2018-2023
- Rollers - Market size and forecast 2018-2023
- Spray guns - Market size and forecast 2018-2023
- Scrapers - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Increase in M&A
- Rising adoption of eco-friendly painting tools
- Growth in number of DIY consumers
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Asian Paints Ltd.
- Gordon Brush Mfg. Co. Inc.
- J. Wagner GmbH
- Nespoli Group S.p.A.
- The Sherwin-Williams Co.
For more information about this report visit https://www.researchandmarkets.com/r/qxrrem
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