Painting & Wall Covering Contractors
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 industry is labor-intensive: average annual revenue per worker is about $100,000.
Opportunities
Residential Remodeling Projects - Regardless of the state of the new construction market, residential remodeling projects generally are a good source of revenue for painters. Economic downturns can result...
Business Challenges
Dependence on Residential Construction - The painting industry depends heavily on new home construction, which can change rapidly. Residential construction spending fell more than 30 percent between 2008 and 2009.