Spray Gun Market size in 2019 is estimated to be $1.3 billion, growing at a CAGR of 3.6% during the forecast period 2020-2025. The spray gun is equipment developed from the airbrush which sprays paint on a surface by using air pressure. It is used to paint any type of surface such as wood, metal, stone, plastic, fabric. The airless spray gun is also used to apply paint uniformly on the surface and saves time. Rapid growth in automotive, healthcare, and furnishing industries and technological advancement are the major factors driving the growth of the market. Moreover, rising demand for luxury furnishing products further magnifies the overall market demand for spray gun during the forecast period 2020-2025.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=501900
Report Price: $ 4500 (Single User License)
Product – Segment Analysis
Based on the product, the spray gun market is segmented into nitrogen spray guns and water spray guns. Each of these is further categorized as manual and automatic spray guns. The manual spray guns are forecast to be the fastest-growing segment and are estimated to grow at a CAGR of 3% during the forecast period 2020-2025. Manual spray guns are the most commonly used painting equipment in the automotive, pharmaceutical, and furnishing sectors. Low maintenance cost, excellent operator control, and quick color change capabilities are contributing to the growth of this segment.
End-User – Segment Analysis
Based on the end-user, the spray gun market is segmented into hospitals, pharmaceuticals, research and development centers, and others. In 2019, hospitals held the largest share in the spray gun market. This is owing to the increase in healthcare expenditure and the advancement of technology. Also, the rise in Covid-19 cases, infections, and communicable diseases spread in hospitals and medical centers have led to an increase in demand for spray guns for cleaning and disinfection of surfaces. Moreover, rapid growth in other sectors such as automotive, and furnishing industries is set to drive the demand for spray guns in the coming years.
Geography – Segment Analysis
North America dominated the spray gun market share accounting for 46% of the market in 2019. This is mainly owing to the rise in demand for a high-pressure spray gun in the automotive sector. North America distributes painting equipment for a variety of products and paints application. Manual spray guns and automatic spray guns are available in diverse configurations to suit a wide range of applications.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is owing to advancement in technology and rising demand for luxury furnishing product.
Talk to one of our sales representative about the full report by providing your details in the link below:
Drivers – Spray Gun Market
Rising growth of automotive, healthcare, and furnishing industries are some factors driving the growth of the spray gun market. Spray guns are used in the healthcare industry for sterilizing and cleaning equipment. Moreover, rising demand for luxury and premium furnishing products are also set to increase the market growth.
Technological Advancements and increase product innovation and launches are some factors driving the growth of the market. Moreover, the product produces a consistent finish that guards against contamination and clogging further contributing to the growth of the spray gun market.
Challenges – Spray Gun Market
The high cost of spray gun is challenging the growth of the market. Moreover, stringent Government regulation is further restraining the growth of the market. Also, limited control over fluid delivery further restraining its market growth during the forecast period 2020-2025.
Spray Gun Industry Outlook
Product launches, Merger & Acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Spray Gun Market. Spray Gun top 10 companies are 3M Co., Anest Iwata Corp., Carlisle Companies Inc., EXEL Industries, Fuji Industrial Spray Equipment Ltd., Graco Inc., J. Wagner GmbH, Nordson Corp., SATA GmbH & Co. KG, and Zhejiang Auarita Pneumatic Tools LLC.
Spray Drying Equipment Market
About IndustryARC : IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.