|
... Industry overview
· This U. ... industry comprises establishments primarily engaged in interior or exterior painting and interior wall covering. The painting and wall covering work performed includes: new work, additions, alterations, historical restoration, maintenance and repairs. Activities performed by these establishments range from bridge, ship, and traffic lane painting to historical restoration of homes. This industry is also the basic trade for things like wood restoration, interior and exterior decorating, overall home improvement, and artistic stenciling. ... Size and Growth Trends
· The painting and wall covering industry is a diverse, highly fragmented industry. In 2002, there were 37,480 industry establishments in the United States, with total employment of 195,331, according to the U. ... The painting and wall covering industry produced more than $13 billion in income in 2002. The establishments in the industry paid $3 billion for materials, components, and supplies. The cost of power, fuels, and lubricants for the industry was $217 million. The painting and wall covering industry is closely linked with overall trends in the construction industry, since the painting of new and remodeled building account for most of the industry’s business. There was sustained growth in the industry in the mid-1990’s, this growth can be attributed to a long economic expansion, which began in 1992 and continued into 1999, combined with relatively low interest rates, keep housing starts growing steadily from 1992 through 1999. ... The industry is expected to be at a high enough level to sustain growth in many construction industries, including painting and wall covering, masonry, framing, plumbing and roofing. The overall employment outlook in this industry is expected to grow fairly steadily into the year 2006. ... Maturity of Industry
· Due to the fact that the painting and wall covering industry is influenced so strongly by the general contractor industry, I have given a brief history of both industries in attempts to show maturity of the industries. ... Despite the downturns caused by interest rates, the housing industry remained healthy throughout the 1960’s and 1970’s.
Approximate Word count = 1589
Approximate Pages = 6.4
(250 words per page double spaced)
|
|
