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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 | Apr 2015

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

IBISWorld’s Home Improvement Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$145bn
Annual Growth 10-15
4.1%
Annual Growth 15-20
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Profit
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Employment
615,264
Businesses
5,397
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 may threaten profit. In addition, the do-it-for-me market offers an opportunity for growth, particularly for operators that provide additional services, such as installation... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

In the 10 years to 2020 industry value added (IVA), which measures the Home Improvement Stores industry's contribution to the US economy, is expected to increase at an annualized rate of 7.4%. During the same period, US GDP is forecast to rise at an annualized rate of 2.5%. When industry growth falls roughly in line with GDP growth, IBISWorld considers the industry to be in a mature phase of its life cycle. Although IVA growth is expected to outpace GDP during the ten years to 2020, the IVA growth rate is largely based on the industry's 2010 recessionary lows, when average profit was relatively depressed, and companies limited their spending on wages and capital investments. The slow-to-recover construction market caused IVA to fall in 2011 as well... 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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