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Europe Painting Tools Market Size By Application (Construction [Residential, Commercial, Industrial], Automotive, Appliances, Furniture, Industrial Machineries & Equipment, Packaging), By Product (Brushes, Rollers, Scrapers, Knives, Trays, Spray Gun, Masking Tapes), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: December 2020 | Publisher: Graphical Research Report ID: GR1576 | Delivery : PDF

Industry Trends

Europe Painting Tools Market Share was over USD 2.5 billion in 2019 and the market will grow at 4.4% CAGR up to 2026.
 

Europe Painting Tools Market

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Painting tools are becoming an important part of European DIY sector due to its large assortment of customization along with ease of replacement feature. Increasing construction of residential & commercial buildings in Europe is further stimulating product penetration. In 2016, European Union reported around USD 1 trillion of residential and non-residential construction output, which accounted for 78% of total construction output within region. Mass migration from non-EU countries has increased need for better infrastructure across different European countries. In 2018, EU reported around 2 million people immigrated and 0.9 million people emigrated respectively, which resulted into increase in net immigration. Such trend will be driving need for construction activities across different part of Europe, which will further drive the market size by 2026.

Another key growth enabling factor will be growing product usage in automotive sector. Global automotive paints & coatings sector is expected to grow at approximately 8% by 2026. Growing consumer preference toward vehicle aesthetics will propel product demand in the sector. Europe observed considerable increase in vehicle production over past few years owing to rising penetration of electric vehicles in different countries. In 2018, car deployment in Europe were reported at around 1.24 million units, which is 45% more as compared to previous year. Such trends is expected to drive paint sales in Europe automotive sector, which will be driving painting tools demand by 2026.

Ongoing coronavirus pandemic is expected to decline sales volume of painting tools in Europe by approximately 10% in 2020. This can be attributed to shutdown or partial closure of construction activities across different countries. Spain and Italy have experienced major hit due to increasing number of cases in these countries. Further, lockdown announced by major government across the region have dropped non-essential business activities, which has resulted in decline of Europe market from 2019 to 2020. However, painting tools industry is expected to recover gradually post 2021, owing to reopening of manufacturing facilities along with increasing international trade.

Brushes are expected to hold more than 30% share in Europe market volume in 2019. Painting brush are most convenient option as compared to other products, when there is a need to paint corners of ceilings or walls of a building. Brushes can be made from both natural as well as synthetic sources. Brushes manufactured from natural bristles are majorly used with oil based paints. Synthetic painting brushes including, nylon, engineered plastic, polyester, etc. are recommended to use with water based paints.

Appliances segment will witness 3.5% CAGR in Europe market over 2020 to 2026. Paints & coatings are extensively utilized on appliances owing to their key properties of corrosion resistance and longer shelf life. Growing consumer awareness towards high corrosion and heat resistance will further increase penetration of paints & coatings product in the segment. Such trends are expected to propel product demand in European appliances industry by the end of 2026.

Germany painting tools market is estimated to exceed USD 550 million by 2026, which can be majorly contributed to rising construction output of the country. Growth in industrial sector coupled with rising residential construction activities in Germany will stimulate market growth rate. The construction spending is influenced by declining fiscal tightening and low inflation rate. Further, the country has well established manufacturing base for vehicle production, which will attract investment from electric car producer in coming years. These factors will propel painting tools demand in Germany by the end of 2026.

Some of the key players considered in Europe painting tools market are MAAN, Nespoli Group, Purdy and NOUR Trading House, Inc. Europe industry is highly competitive in nature with presence of large number of small to medium scale manufacturers. The top players can retain their market share by taking strategic initiatives including, product launches, capacity expansion and merger & acquisitions with key participants.
 

Frequently Asked Question(FAQ) :

The industry share of Europe Painting Tools is projected to witness 4.4% growth rate during 2020 to 2026.
The market size of Europe Painting Tools surpassed USD 2.5 billion in 2019.
Appliances segment will witness 3.5% CAGR in Europe painting tools market over 2020 to 2026. Paints & coatings are extensively utilized on appliances owing to their key properties of corrosion resistance and longer shelf life.

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Europe Painting Tools Market Size 2020 - 2026 Industry Forecast Report


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