Splash of color: Pent-up demand and strong housing construction activity will increase revenue

Operators in the Painters industry offer services ranging from exterior wall alterations to bridge and ship painting. As a result of real estate growth and expansion, demand for industry services across several construction markets has significantly increased over the five years to 2018. The residential market, a key source of industry revenue, has been especially supportive. During the five-year period, broad improvements in the US economy enabled strong growth of the housing market. In addition to an expanding market for new homes, many households interested in home renovations have continued to hire contractors to paint their homes as per capita disposable income has increased. Over the five years to 2023, industry growth is expected to moderate...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Higher corporate profit levels and rising consumer spending will increase demand for industry services
  • Lower interest rates boosted residential construction activity, benefiting the industry
  • The housing market will continue to generate a significant portion of industry revenue
  • Industry Report - Industry Key Buyers Chapter

    The Painters industry has a very low level of market share concentration, with the three largest companies' revenue combined accounting for less than 5.0% of the industry total. The industry has many small contractors that operate in narrow, regional markets. Although larger players participate in the industry, these operators have diversified operations and generate revenue from many services. As a result, these players do not generate enough industry-specific revenue to absorb a significant portion of the painting market. According to the US Census Bureau County Business Patterns survey, 75.2% of establishments employ fewer than five people, and only 4.7% employ 20 or more workers. Mos...purchase to read more.

    Additional Insights for the Painters Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Painters Industry are

  • Ability to compete on tender
  • Having a good reputation
  • Ability to change which market the firm operates in
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Painters industry impact industry performance..

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    What's in this report

    What is the Painters Industry?

    This industry includes establishments primarily engaged in interior or exterior painting, as well as interior wall covering. The painting and wall-covering work performed includes new work, additions, alterations, maintenance and repairs. Establishments in this industry perform activities ranging from bridge and ship painting to removal of paint and wall coverings.

    Industry Products
  • General residential painting
  • General nonresidential painting
  • Paper hanging, wall covering and removal
  • Nonbuilding painting
  • Industry Activities
  • Bridge painting
  • Painting buildings or other structures
  • Paper hanging
  • Spray painting buildings or other structures
  • Wall papering
  • House painting
  • Rustproofing (except automotive)
  • Paint and wallpaper removal
  • Whitewashing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Local and state government investment
  • Private spending on home improvements
  • Yield on 10-year Treasury note

  • Current Performance
  • Major markets
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential markets
  • Nonbuilding and nonresidential markets
  • Profit and industry structure
  • Table: Painters Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Painters Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Industrial Building Construction
  • Bridge & Elevated Highway Construction
  • Heavy Infrastructure Construction
  • Real Estate and Rental and Leasing
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Manufactured Home Wholesaling
  • Paint Manufacturing
  • Paint Wholesaling
  • Tool & Hardware Wholesaling

  • Products & Services
  • General residential painting
  • Nonbuilding painting
  • General nonresidential painting
  • Other
  • Paper hanging, wall covering and removal
  • Chart: Painters Industry Products and Services Segmentation

  • Demand Determinants
  • Residential building market
  • Nonresidential building and property market
  • Engineering infrastructure construction market
  • Other factors influencing demand for painting and wall-covering services

  • Major Markets
  • Residential building
  • Nonbuilding
  • Commercial building
  • Manufacturing building
  • Institutional building
  • Chart: Major Market Segmentation for the Painters Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Painters

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Painters Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Painters Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Painters Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing Starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Do-It-Yourself (Diy)
  • A category of customers who complete tasks and projects on their own that would generally be outsourced to a business or service provider; for example, home renovations and wedding planning.
  • Industrial Coatings
  • Paint products mainly used for coating industrial items such as structural steel and chemical plants. These products typically have greater chemical resistance and dry faster than typical paints.
  • Thinner
  • A substance used to reduce paint thickness. Water is the thinner used in acrylic (latex) paints. Turpentine is the thinner for enamel or oil-based paints.
  • Timber Cladding
  • The exterior wood veneer used to protect a structure and enhance its appearance. It can be treated or left untreated, depending on the wood's durability.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Painters provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Painters:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Painters market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Painters, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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