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          1. Painting & Wall Covering Contractors Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/31/2020
            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. Worldwide construction is expected to grow 3.6% per year through 2022, reaching about $13 trillion, according to GlobalData.

            The US painting and wall covering contractors industry includes about 35,000 establishments (single-location firms and units of multi-location firms) with combined annual revenue of about $26 billion.

            COMPETITIVE LANDSCAPE

            Building construction, renovation, and maintenance drive demand. The profitability of individual companies depends on the 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 measure the number of rooms or the square footage of the project, such as a seven-room commercial space, or a 2,000-square-foot home. A common annual metric is the total number of workweeks deployed on jobs. The major services offered are painting the interiors and exteriors of buildings, or structures such as bridges and ships, as well as installing or removing wallpaper or other wall coverings. Other services include wall surface preparation and repair.

            Painters use brushes, rollers, and/or ...

             
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