Industry Analysis & Industry Trends
Painting contractors play an important role in the construction process, applying paints, sealants and other coatings to surfaces of buildings and structures to provide a clean, attractive and protective finish. Painting activity is spread across most building, infrastructure and maintenance markets, which helps stabilise the industry's performance.
The industry derives approximately 41.5% of annual revenue from work in the housing construction market, which involves contracting to prime building firms, social housing networks, home owners and property managers. About 40.0% of industry revenue is derived from work in the non-residential building market, subcontracting to prime building contractors or property managers, particularly for painting maintenance on schools and hotels... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is currently in a mature stage of its life cycle, with its performance primarily driven by trends in the downstream construction markets. Over the ten years through 2016-17, industry revenue is projected to decline by an average 0.6% per annum and fall as a share of the UK economy (GDP will average growth of 0.6% per annum). However, the UK building industries have endured an extraordinary collapse since the onset of the worst recession since World War II, which has severely affected demand for painting services. As such, the industry's long-term performance is expected to roughly match that of the general economy... purchase to read more