Industry Analysis & Industry Trends
Painting and Decorating franchise operators suffered severe drops in demand as the housing bubble burst and the recession sent residential and commercial construction plummeting. Increased external competition from independent painting service contractors and DIY homeowners further strained industry demand. Growth will revive in the next five years, however, with the strong recovery of construction sectors and rising disposable income.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals that the Painting and Decorating Franchises industry is in the mature stage of its life cycle. Despite growing at a slower rate than the US economy in the 10 years to 2017, which typically describes an industry in decline, the industry is expected to grow in line with the economy once downstream construction markets fully stabilize. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to decline slightly at an annualized rate of 0.1% over the 10-year period. Conversely, US GDP growth is expected to reach 1.9% per year on average over the same period. The industry's slight decline in IVA over the period can be largely attributed to the housing market crash and subsequent economic recession... purchase to read more