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 - Starting a New Business Chapter
The Home Improvement Stores industry has moderate barriers to entry. A high degree of market concentration by the industry's top two operators, as well as the high start-up costs necessary to enter the industry may inhibit the creation of new businesses. But given that the industry is particularly labor-intensive, the relative availability of labor keeps the barriers to entry at a medium level, as do overall low levels of regulation in the retail industry.
This industry has a high level of industry concentration with the top players expected to account for more than 80.0% of the available market share in 2016. The industry's two largest companies collectively operate roughly 3,800 stores across the United States... purchase to read more