Industry Analysis & Industry Trends
The Hardware Stores industry has steadily recovered from the hammering it endured during the recession. As the housing market has become healthier and consumers have been more confident, individuals have increasingly returned to improving and updating their homes. Low mortgage rates have also enabled many individuals to become homeowners, which increased demand for industry products. In the five years to 2021, the recovering housing market and increased spending on home improvement projects will help boost industry demand. However, persistent competition from external sources, including big-box retailers and home improvement stores, will keep profit margins low... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hardware Stores industry is in the mature phase of its life cycle. Factors indicating this stage include IVA growth in line with the overall economy and stagnant establishment numbers over the coming years. Additionally, the industry experiences low levels of technological change, also indicating its maturity.
Over the 10 years to 2021, the industry's contribution to the overall economy, as measured by IVA, is forecast to increase at an average annual rate of 3.7%, compared with projected GDP growth of 2.2% per year on average over the same period. Recently, revenue has grown at a fairly rapid pace as the economic recovery has taken hold... purchase to read more