$15.8bn
$XXX.Xm
31,899
3,121
$X.Xbn
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. Also, rising product prices have increased the amount of revenue generated from each sale, though they have also constrained demand from some market segments. Overall, revenue for paint stores is expected to climb at a CAGR of 0.7% to $15.8 billion through the end of 2024, including forecast growth of 0.1% in 2024. Profit has been boosted by growing economic activity and a significant decline in wages as stores have invested in technology.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $15.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Sherwin Williams Co | 10,299.3 | 977.5 | 9.5 | |
Ppg Industries, Inc. | 1,167.9 | 123.9 | 10.6 | |
Kelly-Moore Paints | 982.7 | 74.3 | 7.6 |
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Industry revenue is measured across several distinct product and services lines, including Interior paint, Exterior paint and Stains, varnishes and other coatings. Interior paint is the largest segment of the Paint Stores in the US.
Interior paints generate strong revenue amid DIY trends
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.
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NAICS 44412 - Paint Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The do-it-yourself trend has boosted paint stores. Many individuals turned to home improvements during the height of the pandemic for something to do.
Learn about an industry's products and services, markets and trends in international trade.
The industry's products are extremely stable. Buyers often cyclically repaint homes and offices; paint sales also increase in dry and summer months.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Population trends drive the industry's landscape. Companies will struggle to generate sales in rural areas so they will often locate near major population centers.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Small, independent stores struggle to compete with hardware stores and larger brands. Paint stores gain an edge through superior consultation and customer support services.
Learn about the performance of the top companies in the industry.
Sherwin-Williams dominates the industry. The company makes up nearly 70.0% of the total market.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry received assistance during the pandemic. PPP loans, in particular, helped paint stores that were classified as small businesses.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Labor is an essential aspect of the industry. Stores rely on labor for every part of business, from stocking and working cash registers to customer service.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Paint Stores in the US industry in United States is $15.8bn in 2024.
There are 3,121 businesses in the Paint Stores in the US industry in United States, which has declined at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Paint Stores in the US industry in United States has been growing at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Paint Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Paint Stores market in United States are Sherwin Williams Co, Ppg Industries, Inc. and Kelly-Moore Paints
Retailing paint and Retailing wallpaper are part of the Paint Stores in the US industry.
The company holding the most market share in United States is Sherwin Williams Co.
The level of competition is high and steady in the Paint Stores in the US industry in United States.