Why Is the Local Painting Market Growing?

The local painting market has experienced tremendous growth in recent years. Home renovation projects and the demand for more aesthetic commercial and cabinet painting services have helped fuel the need for local painters. According to Statista, in 2022, the market value of the paint and coatings industry in the United States was estimated at approximately 31 billion U.S. dollars. Let’s gain more insight into how this growth happened.

Exterior Painting

Homeowners understand how curb appeal increases the value of their property significantly. Exterior painting is one of the most cost-effective ways to improve your home’s look without taking on expensive renovation projects. You only need a few gallons of paint and a reliable painter to do the job for you. This low-cost and efficient way to spruce up homes has driven the local painting market and should keep doing so in the coming years.

Interior Painting

Your home or office interior can benefit greatly from a fresh coat of paint. With so many people working from home now, they want to create an inspiring and inviting atmosphere that helps improve their productivity. In addition, local painters know how to brighten up a space or increase its appeal with different colors and textures.

Commercial Painting

Businesses are also increasingly turning to local painters to give their space a more professional look. You don’t want clients to see chipped paint and cracks throughout your office. Exterior painting can help increase visibility and customer engagement, while interior painting can create a pleasant atmosphere that promotes productivity and employee morale. Many businesses view local painting as a cost-effective way of improving their establishments.

Cabinet Painting

An often overlooked area of professional paint services is cabinet painting. If you’re tired of looking at those worn-down cabinets but don’t want to completely replace them yet, a local painter can give them a new life with some fresh paint. It’s often cheaper and less time-consuming than replacing the cabinets, yet still offers an excellent result.

Overall, the local painting market is growing due in part to its cost-effectiveness and efficiency. More homeowners, businesses, and other establishments are turning to local painters to improve the look of their spaces without breaking the bank. If you’re ready to breathe new life into your interior and exterior walls, give our local team at Estate Painting a call today.