Paint the town: Industry revenue will grow due to increased renovation activity

The Paint Stores industry painted over its dismal post recessionary performance over the past five years, spurred by steadily improving demand from key downstream markets including homebuilders and contractors engaged in renovation activity. Despite the economic recovery, several factors created challenges for the majority of industry operators over the period. Raw material costs for paint manufacturers exhibited extreme levels of volatility over the period. While producers were able to pass some price increases along to wholesalers and retailers, industry operators were forced to reduce profitability in some years. Industry retailers also faced intense price competition from big-box home improvement stores...read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 12-17
3.1%
Forecast Growth 17-22
Profit
Employment
37,115
Businesses
9,122
What Our Customers Say

Industry Threats & Opportunities

  • Competition will hurt growth, but the housing market’s revival will modestly boost sales
  • Home improvement stores have emerged as top paint retailers
  • Positive economic conditions and housing trends will drive demand for paint products
  • Industry Report - Starting a New Business Chapter

    In most cases, the industry has no formidable barriers to entry. It is relatively inexpensive to buy or rent space to build and furnish a storefront. However, there are a number of environmental factors specific to the industry that may affect a new operator’s ability to succeed.Concentration and competitionThe industry has a medium level of market concentration, with the top three players accounting for an estimated 64.3% of industry revenue. Sherwin-Williams alone holds a commanding 56.4% of market share and presents a considerable threat to any mid-sized operator attempting to enter the industry. Many regionally based retailers of this size have been acquired or forced out of the industry to make way for Sherwin-William growth over the past ten years. Fur...purchase to read more.

    Additional Insights for the Paint Stores Industry

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

  • Attractive product presentation
  • Proximity to key markets
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Housing starts and Private spending on home improvements in the Paint Stores industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Paint Stores Industry?

    This industry retails paint, wallpaper and other wall-related supplies. Products include stain, varnish, painting equipment and accessories that are used for interior and exterior surfaces. Operators purchase wall coverings from domestic and international manufacturers and wholesalers and then they retail them to the general public and contractors. This industry does not include home improvement stores, hardware stores and lumber and other building material dealers.

    Industry Products
  • Interior paint
  • Exterior paint
  • Stains, varnishes and other coatings
  • Painting equipment and supplies
  • Wallpaper and other flexible wall coverings
  • Industry Activities
  • Retailing paint
  • Retailing wallpaper
  • Retailing stain
  • Retailing varnish
  • Retailing shellac
  • Retailing painting equipment
  • 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
  • Private spending on home improvements
  • Consumer Confidence Index
  • External competition for the Paint Stores industry
  • Per capita disposable income

  • Current Performance
  • A tale of two paint stores
  • Mixed operating conditions
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Changing markets
  • Operating conditions
  • Table: Paint Stores Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Painters
  • Consumers

  • Key Selling Industries
  • Paint Manufacturing
  • Paint Wholesaling

  • Products & Services
  • Interior paint
  • Stains, varnishes and other coatings
  • Exterior paint
  • Painting equipment and supplies
  • Wallpaper and other flexible wall coverings
  • Chart: Paint Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Professional contractors
  • Household consumers
  • Other
  • Chart: Major Market Segmentation for the Paint Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent, depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Paint Stores

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Paint Stores Industry

  • Industry Globalization
    Sherwin-Williams Co.PPG Industries Inc.
  • Table: Sherwin-Williams Co. - financial performance
  • Table: PPG Industries Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Paint Stores 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 Paint Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvements (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Big-Box Stores
  • Retail stores that are differentiated by their sheer size and large range of products.
  • Do-It-For-Me (Difm)
  • Customers who typically purchase materials themselves and hire third parties or professionals to complete the projects.
  • Do-It-Yourself (Diy)
  • A category of customers that includes homeowners who purchase products and complete their own projects.
  • Electronic Data Interchange (Edi)
  • The transmission of electronic documents between businesses from one computer system to another.
  • Professional Contractors
  • A category that includes professional remodelers, general contractors, repairmen and tradesmen.
  • Why buy this report?

    IBISWorld’s Paint Stores Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Paint Stores:
    • 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 Paint Stores 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 Paint Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear