Painting itself out of a corner
Paint contractors had a rough five years, with the plummeting construction markets causing demand to dwindle. The next five years will be a different story. The recovery in the construction markets will bring painters more projects, while rising disposable incomes will encourage homeowners to ditch do-it-yourself projects and hire contractors instead. However, the growth of green building practices will slightly hamper industry demand, as these practices entail building structures using materials like glass that do not require paint.
This industry comprises establishments primarily engaged in interior or exterior painting and interior wall covering. The painting and wall covering work performed includes new work, additions, alterations, and maintenance and repairs. Activities performed by these establishments range from bridge, and ship painting to paint and wall covering removal.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.