Europe Painting Tools Market Report 2020-2026 by regional revenue, growth & trends analysis

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Europe Painting Tools Market 2020 Industry Size,
Revenue, and Forecast to 2026 Graphical Research
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The Europe Painting Tools Market will be
accelerating at significant rate over projected
timeframe due to growing product demand in
appliances sector. Appliances industry is a key
consumer in global paints coatings market.
Rising consumer preference for better look in
appliances category has led to increase in paint
consumption over forecast time period. According
to British Coatings Association, UK paints
coatings market crossed over USD 2.5 billion in
2017, with a sold volume of approximately 650
million liters. Such trends are promoting healthy
growth of paints coatings in Europe, which is
forecasted to propel product demand by end of
forecast time period.   Although painting tools
are gaining substantial attention from end-users,
lack of availability of skilled labor will
slowdown industry growth rate over forecast
timeframe. The key reason behind this are low
wages, lesser employee benefits, and lack of job
security, which is refraining people from
continuing in the profession. Additionally,
growing trend for DIY projects in major part of
Europe will drive down the requirement for labor
in painting tools industry over forecast time
period. However, rising need for non-residential
construction activities in the region will
enhance need for skilled labor in the sector,
which may drive product penetration during
projected timeframe.   Spray guns will accelerate
at 5 CAGR in Europe painting tools market over
forecast time period. These products are commonly
utilized while painting large surface area. Spray
guns are more effective than rollers or brushes
as they have ability to emit tiny paint particles
which can paint in every nook corners of walls,
ceilings or furniture. Further, these products
are easy to use and are available in variety
amount of shape, power type, size, etc., which
will be enhancing its demand in upcoming years.
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Construction segment will account for more than
65 share of Europe painting tools market size
over projected timeframe. Growing renovation
activities in countries including, Germany, UK,
France, Italy, etc. have increased usage of
paints coatings in the region. The market share
of residential and non-residential renovation in
Europe has grown significantly between 2010 to
2015, which has driven sales of these tools in
construction sector. Rising population and
growing household income will be propelling
building construction activities in this
region, which will again surge product usage in
the market.   UK will witness over 4.5 CAGR in
Europe painting tools market size. Increasing
focus on construction activities for residential
and non-residential buildings will be driving
paints coatings product demand over coming
years. Further, growing penetration of battery
electric vehicles (BEV) is supporting growth of
paints coatings sector in the region. Stringent
regulations pertaining to sustainable housing,
plumbing, industrial fire safety agricultural
construction, industrial workshops, etc. will be
enhancing construction sector growth by end of
forecast timeframe. The key manufacturers
covered in Europe painting tools market report
are Purdy, Nespoli Group, NOUR Trading House and
MAAN.
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