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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 | Dec 2015

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
$156bn
Annual Growth 10-15
3.8%
Annual Growth 15-20
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Profit
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Employment
626,062
Businesses
4,882
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 2015, 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 Analysis Chapter

The past five years for the Home Improvement Stores industry have been largely marked by returning demand. After years of robust expansion, the industry was hit hard by the housing market collapse and subsequent slow recovery of the construction industry. Homeownership rates significantly influence industry demand, because more people who own homes translates to more demand for repairs and renovations. Demand is also supported by new construction, because contractors and homebuilders need supplies and tools. As consumer sentiment and disposable income remained low in 2010, fewer consumers and professionals undertook home improvement projects, which kept demand low... 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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