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2024 U.S. Industry Statistics & Market Forecast - Painting and Wall Covering Contractors
Market Size & Industry Statistics
The total U.S. industry market size for Painting and Wall Covering Contractors:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Painting and Wall Covering Contractors industry include:- Increasing demand for eco-friendly and sustainable products
- Rise of DIY painting projects among homeowners
- Technological advancements in paint products, like self-cleaning and air-purifying properties
- Enhanced focus on health and safety regulations
- Growth in the residential and commercial real estate sectors
- Higher adoption of digital tools for color visualization and project management
- Fluctuating raw material costs impacting pricing
- Labor shortages and the need for skilled workforce
- Expansion of services including restoration and special finishes
- Increased competition from large retailers offering painting services
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Painting and Wall Covering Contractors company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Painting and Wall Covering Contractors industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Painting and Wall Covering Contractors measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 8% | |||
| Construction and Extraction Occupations | 81% | |||
| Supervisors of Construction and Extraction Workers | 7% | |||
| First-Line Supervisors of Construction Trades and Extraction Workers | 7% | |||
| First-Line Supervisors of Construction Trades and Extraction Workers | 7% | |||
| Construction Trades Workers | 71% | |||
| Painters and Paperhangers | 66% | |||
| Painters, Construction and Maintenance | 66% | |||
Painting and Wall Covering Contractors Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Painting and Wall Covering Contractors industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Painting and Wall Covering Contractors industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Painting and Wall Covering Contractors industry. |
Source:
Innovation News
- Jan 26, 2024: Final Touch Painting Services trademarks "FINAL TOUCH PAINTING" - Painting; Cabinet repair; Painting and varnishing; Painting contractor services; Painting of buildings; Painting restoration services; Painting services; Power washing services; House painting
- Nov 24, 2023: Rizzo Brothers Painting Contractors trademarks "SLAUGHTERHOUSE SALOON" - Private Bar Services
- Nov 21, 2023: Sharper Impressions Painting trademarks "SHARPER IMPRESSIONS PAINTING CO." - Painting contractor services
- Jun 13, 2019: Seaway Painting patents Tower Apparatus
- Jul 21, 2011: Paducah River Painting patents Barge Transportation System And Refurbishing System And Method Of Transporting And Refurbishing Barges
Recent Federal Contracts for Painting and Wall Covering Contractors
- Apr 02, 2024: LILLARD & CLARK CONSTRUCTION COMPANY, INC. (Denver, CO) awarded $14,557,053
- Apr 01, 2024: AJCE CORPORATION (Coral Gables, FL) awarded $34,105
- Apr 01, 2024: ANVIL ENTERPRISES (Imus, CAVITE) awarded $14,526
- Apr 01, 2024: SASAKI PAINTING & SERVICES LLC (Mililani, HI) awarded $42,200
- Mar 29, 2024: GILLIN COMMERCIAL COATINGS, INC. (Malvern, PA) awarded $5,098
- Mar 29, 2024: NELCY CONSTRUCTION CORP (Henrico, VA) awarded $41,501
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