Painters in the US - Industry Market Research Report

September 2020 •
43 pages •
Report ID: 590450 •
Format: PDF

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Fresh coat: Rebounding corporate profit will likely support demand from retail and industrial sectors

Abstract

Painters in the US
Operators in the Painters industry offer services ranging from exterior wall alterations to bridge and ship painting. As a result of real estate growth and expansion, demand for industry services across several construction markets has significantly increased over the five years to 2019. The residential market, a key source of industry revenue, has been especially supportive. During the five-year period, broad improvements in the US economy enabled strong growth of the housing market. In addition to an expanding market for new homes, many households interested in home renovations have continued to hire contractors to paint their homes as per capita disposable income has increased. Over the five years to 2024, industry growth is expected to moderate. Higher corporate profit levels and rising consumer spending will increase demand for industry services in the retail, office, hospitality and industrial sectors. During this period, housing starts and the value of residential construction are expected to experience subdued growth compared with the prior period.

This industry includes operators 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. Enterprises in this industry perform activities ranging from bridge and ship painting to removal of paint and wall coverings.

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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