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Home Improvement Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Home Improvement Stores Market Research Report | NAICS 44411 | Mar 2016

Renovation: Increasing consumer investment in remodeling will boost industry revenue

IBISWorld’s Home Improvement Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$164bn
Annual Growth 11-16
4.4%
Annual Growth 16-21
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Profit
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Employment
697,835
Businesses
4,603
Industry Analysis & Industry Trends

The Home Improvement Stores industry is a mature retail industry largely characterized by a high degree of market concentration and homogeneous product lines, leading to high levels of price competition, particularly between major companies Lowe's and Home Depot. In the five years to 2016, industry revenue is expected to rise, largely due to the industry's recovery from recessionary lows as well as the overall health of the economy. Rising confidence in the economy and higher incomes have encouraged households to make bigger purchases.The industry is well-positioned to experience even more robust growth during the next five years... purchase to read more

Industry Report - Industry Investment Chapter

In 2016, for every dollar spent by Home Improvement Stores operators on wages, $0.09 will be allocated toward depreciation costs. As such, the industry is labor intensive, and exhibits only a low degree of capital intensity.

Capital costs

Home improvement store operators must invest in fixtures and fittings, cash registers and point-of-sale (POS) systems. Over the past 10 to 15 years, the industry has undergone considerable change with the implementation of computer scanning technology, which has reduced inventory, minimized the level of human error in processing purchases, and simplified labor tasks, freeing up labor to do more value-added work. POS systems have enabled operators to computerize their inventory, resulting in better stock control and cost efficiencies... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Home Improvement Stores Industry?

Stores in this industry sell a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber and structural material for construction and renovations. Hardware stores, which are generally smaller and consequently sell fewer items, are excluded from this industry. Home improvement companies purchase goods from manufacturers and wholesalers, and sell them to end users, such as do-it-yourself consumers and professional contractors.

Industry Products
Lumber and other building and structural materialsHardware, tools and plumbing & electrical suppliesLawn, garden and farm equipment suppliesHousehold appliances, kitchen goods and housewaresPaint, wallpaper and other coatingsFlooring and floor coveringsFurniture, including sleep equipment and outdoor/patio furniture
 
Industry Activities
Retailing plumbing goodsRetailing electrical goodsRetailing toolsRetailing housewaresRetailing hardwareRetailing lawn and garden suppliesRetailing kitchenware


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