$1.7bn
$XXX.Xm
3,705
45
$XXX.Xm
The industry experienced a notable revenue decline during the pandemic due to disrupted supply chains, reduced industrial activity and weaker demand from sectors like automotive and aerospace. Manufacturers faced severe shortages of critical components, leading to costly production halts. Companies responded by cutting costs, streamlining operations and leveraging government support to stay afloat. Despite a partial recovery in 2022, industry growth has remained sluggish into 2023, burdened by slowing industrial activity, slow economic growth and high interest rates, which have delayed capital investments and sustained growth challenges into 2024. Overall, industry revenue is projected to decline at a CAGR of 6.0%, reaching $1.9 billion by 2024, which includes a projected 0.1% increase in 2024 alone.
Industry revenue has declined at a CAGR of 6.0 % over the past five years, to reach an estimated $1.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Graco Inc. | 447.9 | 128.9 | 28.8 | |
Trane Technologies Plc | 231.9 | -24.6 | -10.6 | |
Carlisle Companies Incorporated | 64.3 | 6.6 | 10.2 |
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Industry revenue is measured across several distinct product and services lines, including Industrial paint sprayers and other liquid power sprayers, Blasting machines and parts and other equipment and Roof and waterproof sprayers. Industrial paint sprayers and other liquid power sprayers is the largest segment of the Industrial Spraying Equipment Manufacturing in the US.
Demand for travel supports painting sprayers
This industry primarily manufactures industrial spraying equipment used to coat products such as automobiles, appliances, furniture and other industrial and consumer products. Industrial spraying equipment used for commercial construction purposes is also included. This industry excludes sprayers used for agricultural purposes.
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NAICS 33391 - Industrial Spraying Equipment Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic caused substantial revenue loss in spraying equipment manufacturing. This decline resulted from multiple factors, including disrupted supply chains and reduced d...
Learn about an industry's products and services, markets and trends in international trade.
Direct manufacturer sales boost industry revenue. A significant part of the spraying equipment industry's income comes from direct sales to manufacturing sectors like automot...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most manufacturers are in the Great Lakes region. These companies leverage the region's manufacturing infrastructure and proximity to key buyers.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Domestic manufacturers face challenges from lower-cost imports, which now meet more than half of the domestic demand. This situation pressures local producers to maintain com...
Learn about the performance of the top companies in the industry.
Graco and Trane maintain significant power in the industrial spraying equipment market. These companies leverage economies of scale and strong reputations to compete with imp...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Geographical proximity boosts exports to Canada and Mexico. The proximity of Canada and Mexico significantly reduces logistical costs and complexities for US exporters, makin...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Automation influences wage dynamics. The rise in automation has led to a reduction in average wages, as routine manual tasks are increasingly performed by machines. However, ...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Industrial Spraying Equipment Manufacturing in the US industry in United States is $1.7bn in 2024.
There are 45 businesses in the Industrial Spraying Equipment Manufacturing in the US industry in United States, which has declined at a CAGR of 2.1 % between 2019 and 2024.
The market size of the Industrial Spraying Equipment Manufacturing in the US industry in United States has been declining at a CAGR of 6.0 % between 2019 and 2024.
Over the next five years, the Industrial Spraying Equipment Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Industrial Spraying Equipment Manufacturing market in United States are Graco Inc., Trane Technologies Plc and Carlisle Companies Incorporated
Manufacturing spraying equipment used in the sandblasting process and Manufacturing spraying equipment used in the automobile manufacturing industry are part of the Industrial Spraying Equipment Manufacturing in the US industry.
The company holding the most market share in United States is Graco Inc..
The level of competition is moderate and increasing in the Industrial Spraying Equipment Manufacturing in the US industry in United States.