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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Products Chapter

Lumber and other building and structural materials

Accounting for 28.5% of industry sales, lumber and other structural building materials dominate the products demanded. The varying types of structural materials include dimensional lumber, nontreated and treated lumber, boards, engineered wood products, glue-lam and laminated veneer lumber, connectors, joist hangers, tie-downs, floor trusses, roof trusses and framed wall panels. As the housing market has experienced significant recovery, and construction activity has increased, this segment's share of industry revenue has grown during the past five years... 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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