Is the painting industry growing ?

In recent decades, the painting industry has experienced an exponential boom. The demand for different types of painting services increased by more than 200% over the last ten years. For example,  commercial painting services in Jacksonville  and other cities in the US grow rapidly. According to Statista, in 2021, the painting and coating industry was valued at 160 billion USD.

Furthermore, the growth of the painting industry is expected to surpass this
growth by more than 40 percent by 2029. Experts believe that by 2029, the global painting and coating industry will be worth more than 235 billion USD, based on the increasing demand in the construction, aerospace, automobile sectors, etc.

Why offering painting services is a good business?

Painting services can earn you millions of dollars with the right network.
Economists believe that there will always be job offers for painting companies.

Here are some reasons to invest in this industry.

Income

The kind of painting jobs you engage in will determine how much you earn.
However, on average, a  painting company earns , according to ZipRecruiter, $60 to $125 per hour, per team member. In addition, industrial painting jobs offer better pay. For instance, painters who offer their industrial painting services in Jacksonville are among the highest earners in the United States. Other cities that pay painters more are Berkeley, CA, Saint Monica, CA, etc.

Profitability

Offering painting services can be really profitable on the US market. In general, you can expect to have profit margins varying between 12-30% per project. It depends on many variables, for example the production costs evaluation and the work planning.

Sustainable

Painting, unlike other careers, is not disappearing anytime soon. The painting and coating industry is estimated to grow to $235 billion in 2029. Painting is not like other careers that are affected by the growth of AI or the digital world. Painting requires quantitative reasoning to do an effective job. For instance, it will be difficult for robots to mix the right paints or chemicals for a painting job.

Self-employment

Painters, usually, don’t have to be employed by a company before they get jobs. Painters are professionals and can work as an individual or as an employee. In other words, painters can choose when to go to work. As a painter, you enjoy a work balance because you can control your work life. Therefore, you can say that painters can be their boss.

Conclusion

The painting industry is increasing. Many companies appear on the market, but you have to offer the best quality services to create your place. Individual or companies seeking quality painting services are referring to professional companies, with years of expertise and proof of unparalleled services, such as Performance Painting Contractors in Jacksonville. They are an expert painting company, serving all the United States since 2001, understanding that a fresh coat of paint can transform a space, whether it’s a commercial establishment, a cozy home, or an industrial facility.