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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

The past five years for the Home Improvement Stores industry have been largely marked by strong demand. After years of robust expansion, the industry was hit hard by the housing market collapse and subsequent slow recovery of the construction industry. However, since 2011, demand has steadily recovered from its recessionary lows as consumer confidence has begun to rebound and market conditions have started to stabilize. This improvement has led to increased home improvement spending, with consumers who delayed investing in their homes during the recession increasingly taking on small household renovation projects (e.g. bathroom and kitchen remodeling) and purchasing big-ticket appliances... 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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