2023 U.S. Industry Statistics & Market Forecast - Painters

Published: November 2023

Industry Insights

The Painting & Wall Covering Contractors industry is experiencing several key trends that are shaping the landscape of the industry. One of the major trends is the rising demand for green and sustainable products. Consumers are now looking for products that are eco-friendly and have lower carbon footprints. This trend is leading to the development of new and sustainable painting and wall covering products which are likely to become popular in the coming years.

Another trend affecting the industry is the increasing use of technology. Contractors are now using digital tools and software to improve their work processes, project management, and customer engagement. The use of technology is also helping contractors to increase their efficiency and productivity.

Moreover, the industry is experiencing a rise in the number of residential renovation and remodeling projects. Aging homes and changing lifestyles are driving homeowners to upgrade their homes, which is leading to an increase in demand for painting and wall covering services.

Additionally, there is a trend towards the use of decorative wall finishes. Contractors are now offering a variety of options for wall finishes such as textured finishes, metallic finishes, and various designs.

In conclusion, the Painting & Wall Covering Contractors industry is experiencing several significant trends that are shaping the industry's future. These include the rising demand for sustainable products, increasing use of technology, growing demand for residential renovation projects, and the trend towards decorative wall finishes. Industry players need to keep pace with these developments to stay relevant and competitive.

Construction Services Breakdown

The following products and services account for the largest source of revenues in the Painters industry. Note that there are multiple levels of classification, so some line items are contained within other lines.

Type of Construction	Total Sales ($ millions)
Framing contractor	INCLUDED
Floor contractor, including wood, resilient, and computer flooring (except fireproof flooring)	INCLUDED
All other business activities secondary to construction activities	INCLUDED
Other business activities secondary to construction activities, total	INCLUDED
Finish carpentry contractor	INCLUDED
Drywall contractor	INCLUDED
Bridge and ship painting contractor, except traffic lane painting for bridges	INCLUDED
Wall covering or removal contractor	INCLUDED
All other construction activity	INCLUDED
Painting contractor	INCLUDED

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)
Total Revenue	Order at top of page
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

Source: AnythingResearch Analysis of U.S. federal statistics

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%

Source: Bureau of Labor Statistics

Painters Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Painters 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 Painters 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 Painters industry.

Government Contracts

In 2022, the federal government spent a total of $115,426,725 on Painters. It has awarded 1087 contracts to 322 companies, with an average value of $358,468 per company.   

Most Recent Contracts	Date	Total Award Amount
GEMA CONTRACTOR SERVICE CORP. Street 678 Bo. Pampanos Vega Alta, PR	Jun 29, 2023	$1,650