Paint Wholesaling in the US - Industry Market Research Report

Paint Wholesaling in the US - Industry Market Research Report

Paint Wholesaling in the US

The industry is experiencing a decrease in the current period due to a combination of factors. Firstly, the ongoing global economic uncertainty has led to a decrease in consumer and business spending on nonessential items, including home improvement projects. With individuals and businesses tightening their budgets, there's reduced demand for paint and related products. Additionally, the housing market has witnessed a slowdown, with fewer home sales and new construction projects taking place. As paint purchases are closely tied to these activities, the decrease in housing market activity directly impacts the need for paint, leading to a decline in sales for paint stores. Industry revenue decreased at a CAGR of 2.1% to $20.1 billion over the past five years, including a decline of 2.1% in 2023 alone.

Operators in this industry wholesale paints, wallpaper, paintbrushes, rollers and other related products. Industry operators purchase paint and other coatings from manufacturers for resale to downstream customers; they do not generally manufacture paint themselves. Retail sales outlets of paint manufacturers are not included in this industry; however, manufacturers’ internal wholesale divisions are included in this industry.

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.