Fresh coat: The improving housing market will widen demand for painting services

Like many construction-related fields, the House Painting and Decorating Contractors industry has recovered and expanded over the past five years. The recovery of the US economy, along with increased housing demand, caused a rise in demand for industry services across residential construction markets. The single-family housing sector, a key source of industry revenue, was especially supportive. In the coming years, rising demand and a healthy expansion in housing construction activity are expected to be the main growth drivers for industry revenue over the next five years. Lower unemployment, along with higher disposable income levels, will increase demand for industry services...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry operators have benefited from rebounding US construction markets
  • Demand for professional painting services started to recover alongside construction activity
  • The single-family housing sector will account for the majority of industry revenue
  • Industry Report - Industry Investment Chapter

    The House Painting and Decorating Contractors industry is characterized by a low level of revenue volatility. Over the past five years, revenue volatility has been propelled by fluctuating downstream markets. As the housing market represents the largest source of industry revenue, industry operators are heavily dependent on this sector. Since the housing market has since stabilized, industry revenue volatility has decreased. Over the five years to 2022, the industry will continue to expand due to healthy demand from downstream markets. Therefore, volatility is expected to remain low over the next five years thanks to a growing national economy, as well as a healthy expansion in the residential construction market...purchase to read more.

    Additional Insights for the House Painting & Decorating Contractors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the House Painting & Decorating Contractors Industry are

  • Having a good reputation
  • Having a loyal customer base
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Housing starts and Private spending on home improvements in the House Painting & Decorating Contractors industry impact industry performance..

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    What's in this report

    What is the House Painting & Decorating Contractors Industry?

    This industry provides interior and exterior painting services for homes and apartment buildings. Industry operators also provide wall covering services. Contractors may perform new work, additions, alterations, maintenance and repairs.

    Industry Products
  • Painting and decorating for newly constructed homes
  • Painting and decorating for additions and alterations
  • Painting and decorating for maintenance and repair
  • Industry Activities
  • Residential building painting
  • Wallpaper services
  • Wallpaper removal
  • Whitewash contracting
  • Paint removal
  • Rustproofing
  • 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
  • Value of residential construction
  • year conventional mortgage rate
  • National unemployment rate

  • Current Performance
  • Housing construction breaks new ground
  • Economic growth aids demand
  • Industry structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential construction expands at a slower pace
  • Industry landscape
  • Table: House Painting & Decorating Contractors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - House Painting & Decorating Contractors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Real Estate and Rental and Leasing
  • Apartment Rental
  • Consumers

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

  • Products & Services
  • Painting and decorating for maintenance and repair
  • Painting and decorating for newly constructed homes
  • Painting and decorating for additions and alterations
  • Chart: House Painting & Decorating Contractors Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Single-family detached houses
  • Apartment buildings
  • Single-family attached houses
  • Dormitories or barracks
  • Chart: Major Market Segmentation for the House Painting & Decorating Contractors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs House Painting & Decorating Contractors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the House Painting & Decorating Contractors 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 House Painting & Decorating Contractors 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 House Painting & Decorating Contractors Industry
  • 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
    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.
  • Tarpaulin
  • Material, such as waterproofed canvas, used to cover and protect a surface.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on House Painting & Decorating Contractors 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 House Painting & Decorating Contractors:
    • 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 House Painting & Decorating Contractors 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 House Painting & Decorating Contractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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