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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 | May 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
$154bn
Annual Growth 09-14
2.6%
Annual Growth 14-19
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Profit
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Employment
689,566
Businesses
5,138
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 Analysis Chapter

America's home renovation market is in a state of repair. Following years of high growth, the Home Improvement Stores industry's growth slowed significantly during the early part of the past five-year period. Demand for home improvement products was severely affected by the drop in consumer sentiment following the housing market collapse. Increased demand has helped the industry regain momentum since 2010, though, causing revenue to grow at an annualized rate of 2.6% in the five years to 2014, to $153.8 billion.

Homeownership rates significantly influence industry demand: the more people who own homes, the more consumers there are who need supplies for repairs and renovations... 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 housewaresPlumbing fixtures and suppliesElectrical suppliesHardware
 
Industry Activities
Retailing plumbing goodsRetailing electrical goodsRetailing toolsRetailing housewaresRetailing hardwareRetailing lawn and garden suppliesRetailing kitchenware


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