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    Europe Painting Tools Market Forecast 2028 By Application (Construction [Residential, Commercial, Industrial], Automotive, Appliances, Furniture, Industrial Machineries & Equipment, Packaging), By Product (Extension Poles, Sanding Tools, Trowels, Brushes, Rollers, Scrapers, Putty Knives, Trays, Spray Gun, Masking Tapes), Research Report, Country Outlook (Germany, UK, France, Italy, Spain, Poland, Russia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2022   |   Report ID: GR1576   |   Delivery: PDF  Request Free Sample

    Europe Painting Tools Market size surpassed USD 2,740 million in 2021 and is predicted to expand at a CAGR of 4% between 2022 and 2028. Painting tools are becoming an important part of the European DIY sector due to the large range of customizations they offer to the customers.

    Europe Painting Tools Market

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    Increasing construction of residential & commercial buildings across the region will further stimulate the market penetration. Mass migration from non-EU countries has augmented the need for a better infrastructure across the region. In 2020, 1.9 million immigrants from non-EU nations arrived in the EU. The report further reveals that in 2020, member states of the EU offered citizenship to 729,000 individuals who had their usual residence in the region, a 3% increment as compared to 2019.

    Another key factor boosting the product demand is its high use in the region’s automotive sector. Increasing consumer preference for attractive vehicle aesthetics will enhance the need for painting tools in the sector. Europe observed a considerable increase in the overall vehicle production over the past few years owing to rising penetration of electric vehicles (EVs).

    Europe Market, By Product

    The spray gun segment will observe around 3.9% growth rate during the forecast period. Spray guns offer a better finish to any building component or vehicle because they provide an even surface coating.

    Spray guns are also undergoing technological improvements to enhance their performance and accuracy while painting different surfaces. For example, portable electric spray guns are gaining popularity among commercial and residential end-users because they can be easily moved around while working on rechargeable batteries. These devices also offer a uniform paint coverage to the surface, further enhancing their demand.

    Europe Market, By Application

    The appliances segment will grow substantially through 2028, owing to their key properties, such as high corrosion resistance, longer shelf life, and heat resistance. Since a wide range of painting tools are readily available across the region, it becomes much easier for appliance manufacturers to provide a high-quality finish to their products.

    Europe Market, By Country

    Germany painting tools market revenue will increase exponentially during the forecast period, because the country’s construction sector is expanding at a notable pace. According to the Federal Statistical Office of Germany, new orders in the nation’s main construction sector rose by 10.1% in May 2022 as compared to April 2022.

    The construction spending is also growing at an impressive rate to fuel the nation’s economic development. For instance, the German government had announced the National Recovery and Resilience Plan (NRRP) for the period of 2021-2026, wherein the authorities have allocated EUR 2.5 billion (USD 2.6 billion) for investment in the renovation of energy-efficient buildings.

    Competitive Industry Landscape

    Prominent companies operating across the Europe market include MAAN, Nespoli Group, Purdy, and NOUR Trading House, Inc. This industry is highly competitive due to the presence of several small- as well as medium-scale manufacturers. The top companies can retain their market share by implementing strategic initiatives, such as product launches, capacity expansion, and merger & acquisitions with key participants.
     


    Frequently Asked Question(FAQ) :

    How big is Europe painting tools industry?
    The market size for painting tools in Europe was crossed USD 2.74 billion in 2021 and is anticipated to showcase over 4% CAGR during the forecast period of 2022-2028.
    Why is the demand for spray guns increasing in Europe painting tools market?
    The industry share for painting tools in Europe from the spray gun segment will register over1 3.9% CAGR through 2028 as these products offer a better finish to any building component or vehicle because of their even surface coating features.
    How is Germany painting tools sector growing?
    The market value for painting tools in Germany will increase at a steady pace through 2022-2028 as the nation’s construction sector is expanding at a notable rate.
    Who makes painting tools for the Europe market?
    NOUR Trading House, Inc., Purdy, Nespoli Group, and MAAN, among others, are the top Europe market participants.

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