HVLP (High Volume Low Pressure) Spray Gun Market

HVLP (High Volume Low Pressure) Spray Gun Market Outlook (2023 to 2033)

This newly released analysis report by Fact.MR reveals that the global high volume low pressure (HVLP) spray gun market is pegged at US$ 1.5 billion in 2023. Worldwide sales of HVLP spray guns are expected to reach US$ 3.4 billion by 2033, advancing at a noteworthy CAGR of 8.2% over the next ten years.

• As per this research by skilled analysts at Fact.MR, a market research and competitive intelligence provider, from 2018 to 2022, the HVLP spray gun market expanded at a 4% CAGR.
• The market is projected to offer an absolute dollar opportunity of US$ 1.9 billion by 2033.
• Electrostatic HVLP spray guns are projected to generate more revenue, with this segment forecasted to expand at a CAGR of 9% through 2033.
• Under application, use of HVLP spray guns in automotive manufacturing and repairs is projected to rise at 6.6% CAGR over the next 10 years.

Attributes	Details
HVLP Spray Gun Market Size (2022A)	US$ 1.4 Billion
Estimated Market Value (2023E)	US$ 1.5 Billion
Forecasted Market Size (2033F)	US$ 3.4 Billion
Global Market Growth Rate (2023 to 2033)	8.2% CAGR
China Market Growth Rate (2023 to 2033)	8.1% CAGR
Electrostatic HVLP Spray Gun Segment Growth Rate (2023 to 2033)	9% CAGR
Automotive Manufacturing and Repairs Segment Growth Rate (2023 to 2033)	6.6% CAGR
United States Market Growth Rate (2023 to 2033)	6.5% CAGR
Low Inlet Pressure Segment Growth Rate (2023 to 2033)	8.6% CAGR
Leading Regional Market	Europe
Key Companies Profiled	Carlisle Fluid Technologies EXEL Industries Graco Inc. Anest Iwata Wagner SATA Fuji Spray ATD Tools Eastwood Nordson Corporation

Which Key Factors are Influencing the Expansion of the HVLP Spray Gun Market?

“Increasing Demand for Eco-friendly and Sustainable Painting Solutions”

The HVLP spray gun market has exhibited significant growth in recent years, driven by several key factors such as increasing demand for eco-friendly and sustainable painting solutions. These guns are designed to minimize overspray and reduce paint wastage, making them more environment-friendly compared to traditional spray guns.

Growth of the automotive industry has undeniably played a significant role in propelling the expansion of the HVLP spray gun industry. As the automotive sector continues to thrive, demand for high-quality paint finishes on vehicles has increased exponentially, leading to increased demand for automotive HVLP spray guns.

• Around 85 million motor vehicles were produced globally in 2022, up 6% from 2021.

Development of automotive suppliers and the rise in demand for HVLP spray guns are closely related since they are essential to the manufacturing process. These spray guns are frequently needed by suppliers for a variety of tasks, including painting parts and components.

Stringent regulations and guidelines imposed by governments and environmental agencies have played a crucial role in driving the HVLP spray gun industry. In the United States, the Environmental Protection Agency (EPA) has set limits on the amount of volatile organic compounds (VOCs) that can be emitted during painting processes. The best HVLP spray guns help businesses comply with these regulations by reducing VOC emissions. This has led to increased adoption of HVLP spray guns in industries such as automotive, aerospace, and furniture manufacturing.

Which Region is Projected to Account for High Demand for HVLP Spray Guns?

“High Demand for High-quality Furniture Finishing Pushing Home Furniture Imports in Europe”

The European HVLP paint sprayer market registered a valuation of US$ 474.9 million in 2022 and stands at US$ 502 million in 2023. Sales of HVLP spray guns are forecasted to reach US$ 1.1 billion by 2033.

European home furniture imports grew at an average annual rate of 7.6% from US$ 37.33 billion in 2017 to US$ 50.13 billion in 2021, and the European market accounts for 43% of total worldwide home furniture imports, which directly impacts the growth of the HVLP spray gun industry in the region.

As demand for furniture finishing increases, HVLP spray guns play a crucial role in achieving high-quality finishes, meeting aesthetic standards, and complying with environmental regulations. The expanding furniture market in Europe drives the demand for HVLP spray guns, creating opportunities for manufacturers and suppliers to cater to the growing needs of the industry.

Country-wise Analysis

Country	CAGR (2023 to 2033)
United States	6.5%
Japan	10.1%
China	8.1%

What’s Drawing HVLP Spray Gun Manufacturers to the United States?

“Well-established and Technologically Advanced Automotive Manufacturing Facilities”

The HVLP spray gun market in the United States is estimated to reach US$ 760.2 million by 2033, offering an absolute dollar opportunity of US$ 374.6 million over the next 10 years. Sales of HVLP spray guns in the United States rose at a CAGR of 2.4% from 2018 to 2022 and are expected to further advance at a CAGR of 6.5% from 2023 to 2033.

In 2019, the automobile sector in the United States attracted a total of US$ 143.3 billion in foreign direct investment, contributing to the expansion and modernization of automotive manufacturing facilities that often incorporate advanced tools and technologies such as HVLP spray guns.

How is Demand for HVLP Spray Guns Shaping Up in Japan?

“Rising Demand for Efficient and High-quality Paint Application Tools”

The market for HVLP paint sprayers in Japan is projected to reach US$ 88.5 million by 2033-end, with an absolute dollar opportunity of US$ 57.9 million over the next decade. Demand for HVLP spray guns in Japan increased at a CAGR of 6.6% from 2018 to 2022 and is expected to rise at a CAGR of 10.1% from 2023 to 2033.

The HVLP spray gun industry in Japan is exhibiting growth due to the projected increase in the paint and coatings market in Asia. With a forecasted volume increase of 3% in Japan, driven by growing product demand from sectors like automotive, construction, and industrial manufacturing, there is a rising need for efficient and high-quality paint application tools. This growth in the paint and coatings market presents opportunities for the HVLP spray gun industry to meet the rising demand, leading to its expansion and advancement in Japan.

Why is China Emerging as a Lucrative Market for HVLP Spray Gun Producers?

“Increasing Robot Production and Extensive Adoption of Automation”

Sales of HVLP spray guns in China are expected to reach US$ 560.7 million by 2033, generating an absolute dollar opportunity of US$ 321.7 million through 2033. The market in China expanded at a CAGR of 4.8% from 2018 to 2022 and is expected to advance at 8.1% from 2023 to 2033.

The production volume of industrial robots in China has increased substantially, surpassing 363 thousand units in 2021. This represents a growth rate of over 50% compared to the previous year. Increasing production of robots has a direct impact on the growth of the HVLP spray systems industry in China.

As industrial robots are widely used in various manufacturing processes, including painting and coating applications, the rising adoption of automation and robotics in China's industries drives sales of HVLP spray guns. The growth of the industrial robot industry in China creates opportunities for the HVLP spray gun manufacturers to cater to the needs of automated painting and coating applications, thus contributing to market growth.

Category-wise Insights

Market	CAGR (2023 to 2033)
Defense Industry	9%
Explosive Detector	6.6%

Which Type of HVLP Spray Gun is in High Demand?

“High Demand for Electrostatic HVLP Spray Guns to Ensure Consistent Paint Finishes”

Demand for electrostatic HVLP spray guns progressed at a CAGR of 4.3% from 2018 to 2022 and is expected to rise at a high CAGR of 9% from 2023 to 2033.

This demand is driven by their numerous advantages over traditional spray guns. This technology has gained traction in various sectors, with notable examples including automotive manufacturers adopting electrostatic HVLP spray guns to enhance productivity and achieve consistent paint finishes.

Where Will There Be High Usage of HVLP Spray Guns?

“Widespread Use of HVLP Spray Guns in Automotive Manufacturing”

Use of HVLP spray guns for automotive manufacturing and repairs rose at a CAGR of 2.7% from 2018 to 2022. The segment is expected to advance at a CAGR of 6.6% from 2023 to 2033.

With exports of 1.4 million new light automobiles and 108,000 medium and heavy trucks in 2020, the United States automotive manufacturing sector showed tremendous development. These exports, worth more than 52 billion dollars, went to more than 200 markets around the world. The export of automobile parts increased as well, reaching a value of US$ 66.7 billion. The HVLP spray gun market has expanded as a result of substantial product demand from the automotive manufacturing industry worldwide because of rising automobile production.

Competitive Analysis

Leading manufacturers of HVLP spray guns are Fujitsu, Thales, Teledyne FLIR, Garrett Metal Detectors, Smiths Detection Inc., Bruker, OSI Systems, Analogic Corporation, Nuctech Company Limited, and Astrophysics Inc.

Recent developments by HVLP spray gun brands :

• In April 2023, Graco Inc. launched the next-generation small-application airless sprayer. This new airless sprayer is designed to speed up small jobs by delivering speeds over 80 times faster than traditional tools.
• Graco Inc. acquired International Polymer Solutions Inc. (iPolymer), a manufacturer of high-performance valves and fittings for critical applications in the chemical, petrochemical, and pharmaceutical industries. The acquisition was completed in March 2022 and is part of Graco's strategy to expand its product portfolio and strengthen its position in the industry.
• In April 2019, Carlisle Fluid Technology announced its acquisition of Integrated Dispense Solutions (IDS). This strategic acquisition marks a noteworthy development for Carlisle Fluid Technology, reinforcing its commitment to providing comprehensive solutions for material application in various industries.
• In July 2019, DeVilbiss disclosed its acquisition of Ecco Finishing (Ecco), a renowned privately held manufacturer based in Skara, Sweden. Ecco specializes in producing both low- and high-pressure painting equipment and sealing applicators. This strategic move by DeVilbiss signifies a significant expansion of its portfolio and capabilities in the applied finishing solutions sector.

Segmentation of HVLP Spray Gun Industry Research

• By Type :

  • Aircoat
  • Electrostatic
  • Gravity

• By Inlet Pressure :

  • High Inlet Pressure
  • Medium Inlet Pressure
  • Low Inlet Pressure

• By Feed Type :

  • Gravity Feed
  • Siphon Feed
  • Pressure Feed
  • Turbine Feed
  • Compressor-Driven

• By Application :

  • Automotive Manufacturing & Repairs
  • Industrial & Commercial Painting
  • Woodworking & Furniture Finishing
  • Others (Aerospace Industry, Marine Industry, DIY Projects)