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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 | Feb 2014

Fixer-upper: Consumer investment in remodeling will revive, supporting revenue growth

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
$144bn
Annual Growth 09-14
2.2%
Annual Growth 14-19
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Profit
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Employment
677,566
Businesses
5,078
Industry Analysis & Industry Trends

Home improvement stores are starting to recover as consumers invest in renovations and remodeling again. Improvements in consumer sentiment, disposable incomes and housing markets have boosted purchases of industry products, but intensifying price competition and the continued dominance of the industry's top players keep profit down. In addition, the do-it-for-me market offers an opportunity for growth, particularly for operators that provide additional services, like installation... purchase to read more

Industry Report - Industry Key Buyers Chapter

Industry concentration measures the extent to which the top players dominate an industry. Two industry giants, the Home Depot and Lowe's, account for about 90.3% of industry revenue in 2014, making the Home Improvement Stores industry highly concentrated. Concentration increased from 2009 to 2011 due to price competition and decreased demand: under these conditions, the Home Depot and Lowe's took advantage of economies of scale and opened stores, while many smaller industry players closed their doors. However, as the demand for home improvement goods returns to prerecession levels due to increases in per capita disposable income and consumer sentiment, new small players are expected to return to the industry... 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 materialsTools, equipment, paint and flooringLawn, garden and farm equipment suppliesHousehold appliances, kitchen goods and houseware Plumbing fixtures and suppliesElectrical suppliesHardware
 
Industry Activities
Retailing plumbing goodsRetailing electrical goodsRetailing toolsRetailing housewareRetailing hardwareRetailing lawn and garden suppliesRetailing kitchenware


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