Industry Analysis & Industry Trends
During the past five years, paint stores faced weak demand as fewer consumers invested in home improvements. Over the next five years, the industry will face competition from home improvement stores, which offer convenience, lower prices and one-stop shopping to consumers. Nevertheless, the recovering housing market and revived remodeling sentiment will benefit revenue over the next five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Paint Stores industry is in the mature stage of its life cycle. Over the 10 years to 2018, industry value added, which measures the industry's contribution to GDP, is estimated to increase at an average annual rate of 1.9%. This growth rate indicates that the industry is increasing at roughly the same rate as the economy, which is projected to rise an average 2.1% annually over the same period. The stagnant number of enterprises and stable buyer group also reflect the characteristics of a mature industry.
In the 10 years to 2018, the number of industry operators is expected to grow at an average annual rate of 1.0%... purchase to read more