Industry Outlook and Trend Analysis
The Airless Paint Sprayer Market was worth USD XX billion in 2014 and is expected to reach approximately USD XX billion by 2023, while registering itself at a compound annual growth rate (CAGR) of XX% during the forecast period. An airless sprayer rearranges painting in some ways. It speeds the process and is cost effective. Furthermore it gives a glass-smooth complete on woodwork or doors, the airless sprayer can lay the paint on impeccably. An airless sprayer works by drawing paint at a high pressure, up to 3,000 psi, through a hose and out a tiny gap in the spray gun tip. The tip is designed to separate the paint equitably into a fan-molded spray pattern of little droplets. Making use of diverse tips, consumers can spray thin liquids like lacquer, stain and varnish or thicker fluids like latex house paint. Additionally, since an airless sprayer pumps paint directly from a can or 5-gallon can, a considerable measure of material can be applied in a brief timeframe.
Drivers and Restraints
Manufacturing industry output, urbanization trend, construction sector output and urbanization slant are macro-economic drivers for the airless paint sprayer market. Expanding penetration of passenger cars in the developing nations, for example, China and India, supported by the developing rate of personal income is foreseen to boost the interest for airless paint spraying gear from vehicle industry. However there are few difficulties that this market is encountering such as, high prices of good sprayer could be costly, which if not used for more than twice could be poor deal for clients. Moreover, high weight splashing hardware could be hazardous for the clients.
The Airless Paint Sprayer market is segmented on the basis of product and application. On the basis of product the market is segmented into Electric Airless Paint Sprayer and Power Airless Paint Sprayer out of which the electric paint sprayer is majorly preferred among consumers due to ease of usability. On the basis of application the market is segmented into Contractor Application, Consumer Application, Industrial Application and others.
Regional Outlook and Trend Analysis
Asia Pacific area inferable from the quickly developing automotive industry and foundation in creating nations, for example, India, China and South Korea is foreseen to demonstrate a critical development in the market. With rapid advancements in technology the market is anticipated to account for significant development at a critical CAGR amid the figure time frame.
The major players in the market are SATA, Exel Industries, Fuji Industrial Spray Equipment Ltd, Graco, Binks, 3M, Oliver Technologies Inc and Hi-Tec Spray. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Airless Paint Sprayer is segmented as follows-
Electric Airless Paint Sprayer
Power Airless Paint Sprayer
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?