Spray Guns And Similar Appliances Market

The global market for spray guns and similar appliances is on an upward trend, with forecasts predicting growth in both volume and value over the next eight years. The United States leads in consumption, with significant growth rates seen in recent years. China dominates in production, with the largest volume of units manufactured. In terms of imports, the United States holds a strong position, while China leads in exports. Prices for these products vary by country of origin, with noticeable fluctuations over the analyzed period.

Market Forecast

Driven by increasing demand for spray guns and similar appliances worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market volume to 8.9B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $13.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Spray Guns And Similar Appliances

In 2022, the amount of spray guns and similar appliances consumed worldwide soared to 8.2B units, picking up by 21% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.2% against 2020 indices. Over the period under review, global consumption attained the peak volume in 2022 and is expected to retain growth in the immediate term.

The value of the market for spray guns and similar appliances worldwide rose remarkably to $9.7B in 2022, increasing by 7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the near future.

Consumption By Country

The United States (2.9B units) remains the largest spray guns and similar appliances consuming country worldwide, accounting for 36% of total volume. Moreover, spray guns and similar appliances consumption in the United States exceeded the figures recorded by the second-largest consumer, China (1.5B units), twofold. India (548M units) ranked third in terms of total consumption with a 6.7% share.

In the United States, spray guns and similar appliances consumption expanded at an average annual rate of +21.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+1.6% per year) and India (+4.4% per year).

In value terms, the largest spray guns and similar appliances markets worldwide were China ($2.6B), Japan ($2.3B) and the United States ($1.6B), together accounting for 67% of the global market. India, Mexico, Germany, Belgium, Vietnam and France lagged somewhat behind, together comprising a further 17%.

Belgium, with a CAGR of +23.3%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of spray guns and similar appliances per capita consumption in 2022 were Belgium (16 units per person), the United States (8.7 units per person) and Japan (2.5 units per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Belgium (with a CAGR of +26.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Spray Guns And Similar Appliances

In 2022, global spray guns and similar appliances production declined to 3.7B units, which is down by -2.8% on the year before. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. Over the period under review, global production hit record highs at 5.7B units in 2018; however, from 2019 to 2022, production failed to regain momentum.

In value terms, spray guns and similar appliances production reduced slightly to $7.2B in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.0% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 35%. Global production peaked at $10.5B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

China (1.6B units) constituted the country with the largest volume of spray guns and similar appliances production, comprising approx. 45% of total volume. Moreover, spray guns and similar appliances production in China exceeded the figures recorded by the second-largest producer, India (526M units), threefold. The third position in this ranking was taken by Japan (290M units), with a 7.9% share.

In China, spray guns and similar appliances production expanded at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+4.2% per year) and Japan (+5.2% per year).

Imports

World Imports of Spray Guns And Similar Appliances

For the fourth year in a row, the global market recorded growth in purchases abroad of spray guns and similar appliances, which increased by 28% to 5.9B units in 2022. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spray guns and similar appliances imports fell to $2.3B in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Global imports peaked at $2.6B in 2021, and then contracted in the following year.

Imports By Country

The United States dominates imports structure, amounting to 2.9B units, which was approx. 50% of total imports in 2022. It was distantly followed by Belgium (269M units), achieving a 4.6% share of total imports. Vietnam (224M units), Germany (175M units), the UK (162M units), Italy (158M units), the Netherlands (140M units), Russia (121M units), Canada (108M units), Turkey (103M units) and France (102M units) held a relatively small share of total imports.

The United States was also the fastest-growing in terms of the spray guns and similar appliances imports, with a CAGR of +24.7% from 2012 to 2022. At the same time, Belgium (+19.9%), Vietnam (+14.4%), Turkey (+13.4%), Russia (+7.3%), Italy (+6.9%), the Netherlands (+3.5%), Germany (+2.4%), Canada (+2.0%), the UK (+1.8%) and France (+1.2%) displayed positive paces of growth. The United States (+37 p.p.) and Belgium (+2.8 p.p.) significantly strengthened its position in terms of the global imports, while the Netherlands, Canada, France, Germany and the UK saw its share reduced by -1.6%, -1.7%, -1.9%, -2.6% and -2.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($401M) constitutes the largest market for imported spray guns and similar appliances worldwide, comprising 18% of global imports. The second position in the ranking was held by Germany ($132M), with a 5.8% share of global imports. It was followed by Italy, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +3.1%. In the other countries, the average annual rates were as follows: Germany (+2.3% per year) and Italy (+5.1% per year).

Import Prices By Country

The average import price for spray guns and similar appliances stood at $0.4 per unit in 2022, dropping by -31.9% against the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8% against the previous year. As a result, import price attained the peak level of $0.8 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($1 per unit), while the United States ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Spray Guns And Similar Appliances

In 2022, approx. 1.4B units of spray guns and similar appliances were exported worldwide; with a decrease of -16.6% against the previous year. In general, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. The global exports peaked at 2B units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, spray guns and similar appliances exports reduced to $2.3B in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $2.4B, and then fell in the following year.

Exports By Country

The shipments of the twelve major exporters of spray guns and similar appliances, namely Italy, China, the Netherlands, Germany, Taiwan (Chinese), Belgium, Thailand, the UK, South Korea, Spain, Canada and Austria, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +26.3%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($796M) remains the largest spray guns and similar appliances supplier worldwide, comprising 35% of global exports. The second position in the ranking was held by Germany ($230M), with a 10% share of global exports. It was followed by Italy, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-2.9% per year) and Italy (+4.5% per year).

Export Prices By Country

In 2022, the average export price for spray guns and similar appliances amounted to $1.6 per unit, with an increase of 14% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spray guns and similar appliances export price increased by +89.6% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 17%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($3.9 per unit), while Thailand ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform