Unlike the Paving 75 and the Sealcoating 75 which showed sharp declines in segment-only sales from 2015, the Striping 75 report shows steady growth in striping-only sales for the third year in a row. The 2016 Striping 75 report striping-only sales of $133,076,956 – up almost 19% over $111,964,024 in 2015 which was up 15% from almost $97.3 million in 2014.
The list stability might account for some of the steady growth, but it’s also possible that the lower-cost striping services were not hit as hard during the Great Recession – in other words there might not have been as much pent-up demand that resulted in the huge leaps sealcoating and paving sales in those lists. A similar steady uptick on striping-only sales for this list in 2017 will likely affirm that and demonstrate a stable – possibly the most stable – segment of the paving & pavement maintenance industry.
Much like the Sealcoating 75, members of the 2016 Striping 75 are diverse operations (though not as diverse as the sealcoaters). Only three companies generate 100% of sales from striping, Eight (11%) Striping 75 firms generate no sales from sealcoating and another 15 (20%) generate less than 10% of sales from striping. Not surprisingly, paving is the rarity here with 21 companies (28%) generating no sales from paving and an additional two companies generating less than 10% of sales from paving; 17 (23%) don’t offer pavement repair and another 13 (17%) generate less than 10% of sales from pavement repair.
Interestingly, 41 of the Striping 75 companies (55%) generate less than 10% of sales from striping, indicating possibly a lack of participation by the larger striping-focused companies and participation at the same time by larger companies that focus on services other than striping.
Where They Work
We had one non-answer and one answer of zero, but 73 companies indicated they generate work from parking lots including 12 that generate 100% from parking lots. Highway work generates sales for 18 companies (24%), another 49 (65%) generate sales from streets and roads, and 38 companies (51%) generate sales from driveway work -- but that is certainly from an aspect of their business other than striping.
Click here to view the Striping 75 Top Contractors
The Striping 75’s Clients
- 72 companies generate sales from commercial or industrial clients (96%)
- 63 companies generate sales from multi-family housing clients (84%)
- 50 companies generate sales from municipal customers (66%)
- 29 companies generate sales from single-family clients (39%)
Contractors who participated in the 2016 Top Contractor survey can expect to receive the annual detailed analysis and report in August. Contractors who miss out on this year’s report can participate in the 2017 Top Contractor which will be open online from January 1 through April 30, 2017.
