First Research US Industry Profile

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Painting & Wall Covering Contractors
SIC Codes: 1721
NAICS Codes: 238320
Last Quarterly Update: 5/27/2019
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 34,000 establishments (single-location firms and units of multi-location firms) with combined annual revenue of about $24 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 ... plus:
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Business Challenges
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Trends and Opportunities
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Financial Information
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Industry Forecast
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