Paint Spray Guns Market to Reach $2.3 Billion, Globally, by 2032 at 3.6% CAGR: Allied Market Research
PORTLAND, Ore., March 31, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Paint Spray Guns Market by Product Type (Airless, Pneumatic, HVLP, LVLP, Electrostatic), by Technology (Automatic, Manual), by End User Industry (Automotive, Construction, Manufacturing, Other): Global Opportunity Analysis and Industry Forecast, 2021-2032." According to the report, the global paint spray guns industry generated $1.5 billion in 2021, and is estimated to reach $2.3 billion by 2032, witnessing a CAGR of 3.6% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
- According to the report, the global paint spray guns industry generated $1.5 billion in 2021, and is estimated to reach $2.3 billion by 2032, witnessing a CAGR of 3.6% from 2023 to 2032.
- However, a spray gun emits a high- or low-pressure paint mist or spray.
- Furthermore, ongoing improvements in spray guns will present lucrative growth opportunities for the global market in the coming years.
- The COVID-19 pandemic had a negative impact on the global paint spray guns market, owing to the restrictions on manufacturing paint spray guns.