Paint Stores in the US - Industry Market Research Report

High Gloss: as Demand Wanes and Competition Grows, Top Operators Are Expected to Continue Consolidating

The industry comprises retail establishments selling paint, wallpaper and related supplies. Economic growth, particularly in residential construction, home improvement and consumer spending, has driven the industry. The pandemic led to a surge in home improvement as consumers spent more time at home, leading to a renewed focus on creating comfortable living and working spaces. Overall, paint stores expanded at an expected CAGR of 1.5% to $15.8 billion through 2023, despite a forecast 2.0% drop in 2023 as interest rates curb growth. The Paint Stores industry retails paint, wallpaper and other wall-related supplies. Products include stain, varnish, painting equipment and accessories that are used for interior and exterior surfaces. Operators purchase wall coverings from domestic and international manufacturers and wholesalers, and then retail them to the general public and contractors. This industry does not include home improvement stores, hardware stores and lumber and other building material dealers. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.