High gloss: Demand for industry products will likely increase from DIY painters and professional painters
Paint Stores in the US 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. During the period, growing disposable income, low interest rates and a declining unemployment rate drove growth in the industry’s downstream markets, therefore driving demand for industry products from do-it-yourself (DIY) customers and professional painters. The industry’s level of market share concentration crossed the threshold from a medium level to a high level over the period, primarily driven by the growing dominance of the Sherwin-Williams Company. Over the five years to 2023, revenue is projected to continue to grow for the industry, albeit at a slower pace than over the five years to 2018. The industry is expected to continue to benefit from low unemployment and rising disposable income which will drive growth in housing starts and home improvement spending.
The Paint Stores 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 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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53 pages •
By Euromonitor International
• Mar 2021
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Number Of Retail Outlets
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