North America Paint Rollers Market size was valued at USD 334.3 million in 2017 and is expected to witness growth of more than 5.8% CAGR from 2018 to 2024.
North America Paint Roller Market, By Application, 2013 – 2024 (Million Units)
The growing demand for residential spaces coupled with government spending for projects including roads, telecom, housing, and rail is anticipated to drive the product demand. The U.S. residential construction sector accounted for 160,000 new buildings (single and multi-location organizations) with a total revenue of USD 420 billion in 2016. The ongoing growth in the residential construction industry coupled with the recovery of the economy from recessionary pressure will augment the NA paint rollers market.
Key players across the region are engaged in R&D initiatives directed at developing techniques for the expansion and innovation in the product line. Significant focus has been laid by the researchers on improving the commercial feasibility and end-use usage of the product. Breakthrough in design enhancing the user-friendliness of the product is expected to boost the overall market growth. Furthermore, the market players are proactive in establishing tie-ups with architects and government tenders for mass projects to supply the product in bulk at economical prices.
Another crucial factor boosting the paint roller market is the increasing Do-It-Yourself (DIY) approaches for paint rollers in the U.S. and Canada. Easy applicability coupled with competitive pricing of the products is expected to boost the overall market demand. Although the shortage of skilled workforce may present great challenges for paint rollers industry particularly in the avenue of large-scale construction projects. The recession of 2008 cringing the construction sector has resulted in the migration of the skilled labor force into other segments. This has had a significant impact on the paint & coatings workforce, causing a significant loss of experience, skills, and availability. This lack of skills could negatively impact 28,000 construction projects every year until 2020 hampering the market growth over the coming years.
Woven type accounted for 46.3% of the industry share in 2016 and is predicted to gain significant market share to reach 48.4% in 2024. Superior features provided by the product including protection, drainage, filtration, separation and reinforcement has augmented the demand. Enhanced filtration enabling greater permeability and absorption of fluids has resulted in a high preference for woven paint rollers in several construction projects. Moreover, the rising demand for environmentally friendly and high performing products will augment the industry growth.
North America paint rollers market from blended fabric was 19.0 million units in 2017 and is expected to reach 27.9 million units by 2024 at a CAGR of 5.7% from 2018 to 2024. Blended fabrics provide unique properties as they are manufactured utilizing two or more distinct kinds of fibers to serve specific needs in paint application. Superior feature including high texture performance along with fine finish on a single coat has propelled their demand in construction task requiring a perfect finish.
North America paint rollers market from shorter pile depth was 11.3 million units in 2017 and is expected to reach 17.0 million units by 2024 at a CAGR of 6.1%. Shorter pile paint rollers have gained a significant demand in the recent time frame from the automotive sector owing to its excellent paint pick-up property, coverage, and the flat finish. Shorter pile rollers enable the reach of paint in hard-to-reach areas due to its size. Painting of spare parts in the automotive sectors is driving the demand for shorter pile paint rollers. Shorter pile rollers also find maximum applications on walls, wood, and metal surfaces.
Construction held the largest share in the application for paint rollers and is expected to surpass USD 420.2 million by 2024. The recovery of the economy from the recession has led to the resurgence of the residential and commercial construction sector augmenting the product demand. Furthermore, the shift in consumer preference toward eye-catching interiors, particularly in the residential sector, further positively influences the product demand
U.S. accounted for largest revenue size of USD 256.2 million in 2017 owing to the construction boom in the recent years. The U.S. residential construction industry is expected to witness the construction of 160,000 new buildings augmenting the demand for paint roller market. The increased focus on renovations and coatings to safeguard the buildings from abrasion, chemical attacks and enable protection from UV is another key factor influencing the market growth. Moreover, numerous governmental and private organizations in the region have also been investing heavily in infrastructure developments creating lucrative opportunities in the region for the manufacturers.
Major industry players operating in North America paint rollers market are Mill Rose, Richard Tools, Hyde tools Inc, Purdy, Gordon Brush, Anderson Products, and Premier rollers. Painting tools market in the region is diverse with the presence of several local and multinational players. The market dynamics are heavily influenced by the strategic measures adopted by the large and small players including continuous mergers & acquisitions, collaborations and supply agreements.
The North American Paint Roller Market is dominated by large manufacturers including Gordon Brush, Purdy and T.S. Simms & Co. A diversified product portfolio, geographic presence and the establishment of an effective distribution channel are crucial factors that enable these players to dominate the market. Manufacturers are also engaged in extensive R&D and technological enhancements to create innovative product offerings to enhance the user experience. Companies have laid a prime focus on developing cost-cutting techniques to increase their market share and in inculcating modern technology to serve the needs of the market.