A fresh coat: Pent-up demand and strong housing construction activity will increase revenue

Over the past five years, the steady recovery and the subsequent expansion in the housing market has significantly increased demand for industry services, as the residential market accounts for half of industry revenue. As key downstream construction markets gained momentum, activity in the Painters industry also increased. Moving forward, a healthy expansion in the housing market, along with increased spending on home improvements, will continue to drive steady growth for the industry. In addition, overall economic growth will also help the commercial construction and industrial markets regain strength, boosting the need for painters in retail and office buildings...read more.

Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 12-17
5.1%
Forecast Growth 17-22
Profit
Employment
477,315
Businesses
320,937
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Higher corporate profit levels and rising consumer spending will increase demand for industry services
  • Low interest rates boosted demand for new commercial space, aiding revenue
  • Opportunities in the home improvement segment are anticipated to increase sharply
  • Industry Report - Industry Investment Chapter

    The Painters industry has a low level of capital intensity. Industry operators spend an estimated $0.03 on capital for every dollar spent on labor. For most industry participants, capital expenses consist of transportation vehicles and rudimentary tools, such as ladders, brushes, tarpaulins and rollers. Larger contractors may rely on more sophisticated equipment, such as power rollers, electrostatic spray apparatuses and pressure spray equipment. As a whole, the industry relies heavily on labor. Most painting projects require large amounts of manual labor for sanding, cleaning, priming and painting interior and exterior walls. The amount of labor versus capital required also depends on the project. Pai...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 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 paint and wall-covering removal.

    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

  • Current Performance
  • Recovery in downstream demand
  • Behind market expansion
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • An expanding housing sector
  • 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
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • 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.
  • Why buy this report?

    IBISWorld’s Industry Market Report on Painters is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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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