Accent wall: Industry revenue will increase due to downstream construction growth

Over the five years to 2018, the Paint Stores industry benefited from modest growth in its downstream industries, primarily in residential construction, which includes private spending on home improvements and new housing starts. Furthermore, growth in these markets has helped improve demand for professional and contract painters who, in turn, help drive demand for industry operators. Market concentration increased over the period, with Sherwin-Williams capturing the majority of industry demand. Integrated manufacturers and retailers of paint and paint supplies, such as Sherwin-Williams, benefit from much higher profit margins than independent paint stores with higher purchase costs...purchase to read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 13-18
4.1%
Forecast Growth 18-23
Profit
Employment
37,301
Businesses
9,132

Industry Threats & Opportunities

  • Market concentration has increased due to integrated manufacturers and retailers
  • The high level of market concentration is due to the difference in profitability among operators
  • Demand from painters and residential construction will decelerate
  • Industry Report - Industry Key Buyers Chapter

    The Paint Stores industry has a high level of concentration, with the top two players, Sherwin Williams and PPG, accounting for an estimated 86.7% of market share. Sherwin Williams and PPG are both paint manufacturers that retail their products through company owned retail stores among other distribution channels, such as home improvement and hardware stores. Therefore, as the two largest chain paint stores in the country, Sherwin Williams and PPG are responsible for a large portion of industry revenue. Further, between the two, Sherwin Williams is responsible for the most industry revenue, as the most dominant industry operator commanding an estimated 75.3% market share in 2018. Contrastingly, PPG is only estimated to hold a 9.2% market share in 2018...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 Demand from painters and Housing starts in the Paint Stores industry impact industry performance..

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    What's in this report

    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
  • Demand from painters
  • Housing starts
  • External competition for the Paint Stores industry
  • Per capita disposable income
  • Private spending on home improvements

  • Current Performance
  • More growth in downstream industries
  • Increased market concentration
  • Chart: Revenue Growth

  • Industry Outlook
  • Market concentration will stabilize
  • 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
  • Exterior paint
  • Painting equipment and supplies
  • Stains, varnishes and other coatings
  • Wallpaper and other flexible wall coverings
  • Chart: Paint Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Professional contractors
  • Household consumers
  • All 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 and utilities, depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Paint Stores

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Sherwin-Williams Company, PPG Industries Inc.,
  • Table: Sherwin-Williams Company - 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Private spending on home improvements (2009-2023)

  • 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.
  • What Our Customers Say

    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.

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