Mechanical Appliances For Projecting, Dispersing Or Spraying Market

The global market for mechanical appliances for projecting, dispersing or spraying is expected to see continued growth over the next eight years. Market performance is forecasted to slow down, with a projected CAGR of +0.6% for the period from 2022 to 2030. The market volume is expected to reach 11B units by 2030, with a market value of $295.9B. China leads in both consumption and production of these mechanical appliances. The United States, Brazil, and Thailand are also significant consumers. The United Arab Emirates, Spain, Australia, and Thailand have the highest per capita consumption rates. The United States, China, and Germany are the largest importers of these appliances, while China and Switzerland dominate in exports. The average import price fell in 2022, while the average export price increased. Overall, the global market for mechanical appliances is showing growth potential, with fluctuations in consumption, production, imports, and exports over the analyzed period.

Market Forecast

Driven by increasing demand for mechanical appliances for projecting, dispersing or spraying 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 +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 11B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market value to $295.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mechanical Appliances For Projecting, Dispersing Or Spraying

In 2022, approx. 11B units of mechanical appliances for projecting, dispersing or spraying were consumed worldwide; increasing by 30% compared with the previous year's figure. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +124.3% against 2014 indices. Over the period under review, global consumption of attained the peak volume in 2022 and is expected to retain growth in the immediate term.

The value of the market for mechanical appliances for projecting, dispersing or spraying worldwide soared to $250.7B in 2022, increasing by 25% 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). In general, consumption enjoyed prominent growth. Over the period under review, the global market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Consumption By Country

China (4.8B units) constituted the country with the largest volume of consumption of mechanical appliances for projecting, dispersing or spraying, comprising approx. 44% of total volume. Moreover, consumption of mechanical appliances for projecting, dispersing or spraying in China exceeded the figures recorded by the second-largest consumer, the United States (937M units), fivefold. Brazil (471M units) ranked third in terms of total consumption with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +2.8%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-3.2% per year) and Brazil (+5.8% per year).

In value terms, China ($71.3B) led the market, alone. The second position in the ranking was held by Russia ($14.8B). It was followed by Thailand.

From 2012 to 2022, the average annual growth rate of value in China amounted to +2.8%. In the other countries, the average annual rates were as follows: Russia (+19.1% per year) and Thailand (+64.8% per year).

In 2022, the highest levels of per capita consumption of mechanical appliances for projecting, dispersing or spraying was registered in the United Arab Emirates (17 units per person), followed by Spain (7.3 units per person), Australia (6.3 units per person) and Thailand (6.1 units per person), while the world average per capita consumption of mechanical appliances for projecting, dispersing or spraying was estimated at 1.4 units per person.

In the United Arab Emirates, per capita consumption of mechanical appliances for projecting, dispersing or spraying expanded at an average annual rate of +19.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Spain (+8.8% per year) and Australia (+3.7% per year).

Production

World Production of Mechanical Appliances For Projecting, Dispersing Or Spraying

In 2022, global production of mechanical appliances for projecting, dispersing or spraying expanded to 9.1B units, growing by 4% against the previous year's figure. Overall, production saw a prominent increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 88% against the previous year. Over the period under review, global production of hit record highs at 9.5B units in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, production of mechanical appliances for projecting, dispersing or spraying stood at $154.5B in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 92% against the previous year. Global production peaked at $164.1B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

China (8.2B units) constituted the country with the largest volume of production of mechanical appliances for projecting, dispersing or spraying, comprising approx. 90% of total volume. It was followed by Spain (237M units), with a 2.6% share of total production. The third position in this ranking was taken by Switzerland (189M units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +5.1%. The remaining producing countries recorded the following average annual rates of production growth: Spain (+5.0% per year) and Switzerland (+4.8% per year).

Imports

World Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

In 2022, the amount of mechanical appliances for projecting, dispersing or spraying imported worldwide surged to 5.4B units, growing by 16% compared with 2021. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 95% against the previous year. Over the period under review, global imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying fell to $6.1B in 2022. The total import value increased at an average annual rate of +3.3% 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 2018 with an increase of 13%. Global imports peaked at $6.6B in 2021, and then fell in the following year.

Imports By Country

In 2022, the United States (957M units), distantly followed by Brazil (488M units), Thailand (425M units), Germany (418M units) and Russia (342M units) were the largest importers of mechanical appliances for projecting, dispersing or spraying, together committing 48% of total imports. The following importers - Malaysia (182M units), France (179M units), the United Arab Emirates (175M units), Mexico (170M units), Australia (165M units), Argentina (133M units), Italy (124M units) and Austria (119M units) - together made up 23% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +62.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($832M) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying worldwide, comprising 14% of global imports. The second position in the ranking was taken by Germany ($399M), with a 6.5% share of global imports. It was followed by Mexico, with a 3.7% share.

In the United States, imports of mechanical appliances for projecting, dispersing or spraying increased at an average annual rate of +3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Mexico (+5.2% per year).

Import Prices By Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $1.1 per unit in 2022, falling by -19.8% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2014 an increase of 170% against the previous year. As a result, import price attained the peak level of $5.3 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($1.3 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 Mexico (+22.5%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

In 2022, after two years of growth, there was significant decline in shipments abroad of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -26.7% to 3.8B units. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 880%. The global exports peaked at 5.2B units in 2021, and then shrank rapidly in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying contracted slightly to $6.3B in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.1% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 16%. Over the period under review, the global exports of hit record highs at $6.6B in 2021, and then contracted modestly in the following year.

Exports By Country

China prevails in spraying structure, amounting to 3.4B units, which was near 91% of total exports in 2022. Switzerland (118M units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the mechanical appliances for projecting, dispersing or spraying exports, with a CAGR of +9.6% from 2012 to 2022. At the same time, Switzerland (+4.7%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by +21 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.7B) remains the largest mechanical appliances for projecting, dispersing or spraying supplier worldwide, comprising 26% of global exports. The second position in the ranking was held by Switzerland ($180M), with a 2.9% share of global exports.

In China, exports of mechanical appliances for projecting, dispersing or spraying expanded at an average annual rate of +12.8% over the period from 2012-2022.

Export Prices By Country

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $1.7 per unit, jumping by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 727% against the previous year. As a result, the export price reached the peak level of $14 per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($1.5 per unit), while China stood at $0.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%).

Source: IndexBox Market Intelligence Platform