Painting & Wall Covering Contractors Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/14/2017
SIC Codes: 1721
NAICS Codes: 238320
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Painting & Wall Covering Contractors Industry Profile

Companies in this industry paint interiors and exteriors of buildings and other structures and apply coverings to interior walls of residential and commercial buildings. No major companies dominate the industry.

Demand for painting and wall covering contractors is driven by construction activity. Global construction is expected to grow nearly 4% per year through 2030, which outpaces predicted global average GDP growth of about 3%, according to a report by Global Construction Perspectives and Oxford Economics sponsored by PwC.

The US painting and wall covering contractors industry includes about 32,000 establishments (single-location firms and units of multi-location firms) with combined annual revenue of about $22 billion.

COMPETITIVE LANDSCAPE

Building construction, renovation, and maintenance drive demand. The profitability of individual companies depends on efficiency of operations. Large companies can have advantages in efficiency by working multiple projects concurrently. Small companies can compete effectively by specializing in unusual or difficult applications and providing superior customer service. The US industry is fragmented. Nearly all painting and wall covering contractors have fewer than 50 employees.

PRODUCTS, OPERATIONS & TECHNOLOGY

Job-specific metrics are number of rooms or square footage; for example, a seven-room or 2,000-square-foot home. A common annual metric is total number of workweeks deployed on jobs. Major services are painting the interiors and exteriors of buildings or structures such as bridges and ships, along with installing or removing wallpaper or other wall coverings. Other services include wall surface preparation and repair.

Painters ...

 
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