The Painting and Decorating Franchises industry is responsible for interior and exterior painting and wall coverings for both residential and nonresidential buildings, but excludes interior design services. Weak consumer spending over the five years to 2017 constrained business investment in new commercial, industrial and manufacturing spaces. As a result, industry profit margins remained low, forcing many franchise owners out of business. Since then, unemployment has fallen significantly, prompting households to once again hire professionals for home improvement projects. The industry is expected to continue growing at an annualized rate of 1.6% to $1.2 billion over the next five years to 2022.
This industry is responsible for interior and exterior painting and wall covering. Labor includes new work, alterations, maintenance and repairs, but does not include interior design services. The business franchise collection focuses solely on franchised outlet operations and excludes nonfranchise data. It shows the number of franchise outlets, total franchise revenue and the average profit margin franchisees earn. The largest franchisors are also broken down by market share.
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.