
House Painting & Decorating Contractors in the US - Industry Market Research Report
Description
House Painting & Decorating Contractors in the US
The rich history of painting is not just a splash of vibrant hues on canvas but an intermingling of artistry and craftsmanship, particularly in residential painting. This distinct genre of painting has always stood apart from other contract paint jobs, such as commercial or industrial painting, due to its emphasis on personalizing spaces and making houses feel like homes. However, the residential painting industry was not left unscathed by the economic aftershocks of COVID, dropping 6.9% in 2023. The housing market freeze following high interest rates caused a significant slowdown in residential painting jobs, as fewer people were buying homes, and those who did were less likely to invest in professional painting services. Overall, painting contractors expanded 1.6% to $24.7 billion from 2018 through 2023, as profit fell to 6.3%.
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.
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.
The rich history of painting is not just a splash of vibrant hues on canvas but an intermingling of artistry and craftsmanship, particularly in residential painting. This distinct genre of painting has always stood apart from other contract paint jobs, such as commercial or industrial painting, due to its emphasis on personalizing spaces and making houses feel like homes. However, the residential painting industry was not left unscathed by the economic aftershocks of COVID, dropping 6.9% in 2023. The housing market freeze following high interest rates caused a significant slowdown in residential painting jobs, as fewer people were buying homes, and those who did were less likely to invest in professional painting services. Overall, painting contractors expanded 1.6% to $24.7 billion from 2018 through 2023, as profit fell to 6.3%.
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.
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.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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