Painted over: COVID-19 disruption has been left in the past, with revenue continuing its recovery
Revenue is forecast to contract at a compound annual rate of 0.9% over the five years through 2023-24, including 2.8% growth in the current year, to £4.1 billion. Painters' revenue tends to fluctuate in line with economic and investment trends. Economic uncertainty initially reduced confidence levels in businesses and consumers, triggering reduced spending and causing consumers to accelerate their uptake in DIY. However, supportive government policies aimed at the UK's housing market allowed painting contractors to expand revenue, limiting decline.
Contractors in this industry apply paint and industrial coatings to the interior or exterior surfaces of buildings and structures. This includes work on new projects, renovations, maintenance and repairs to existing structures.
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.
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