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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 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
$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 - 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

 


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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