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Hardware Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hardware Stores Market Research Report | NAICS 44413 | Jan 2015

Hammered down: Big-box stores will inhibit growth, but consumer demand will improve

IBISWorld’s Hardware 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
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
142,954
Businesses
10,782
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 2020, 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 Investment Chapter

Capital expenditure for this industry comes in the form of fixtures and fittings, such as display shelves and cash registers. Most stores have implemented or installed point of sales (POS) systems over the past decade which has increased the level of capital expenditure in the industry. Cash registers recorded sales prior to this technology. The introduction of POS systems has simplified labor tasks and minimized the number of employee mistakes. Retailers have also increased their capital expenditures in order to introduce, develop and maintain websites for online sales.

Labor represents one of the largest costs for hardware stores. Duties undertaken by employees include customer service, purchase processing, warehousing and display construction and maintenance... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hardware Stores Industry?

Companies in this industry primarily retail a broad range of new home renovation equipment and supplies. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods.

Industry Products
Hardware, tools, plumbing and electrical suppliesLawn, garden and farm suppliesPaint and sundriesLumber and other building materials
 
Industry Activities
Retailing hardwareRetailing tools and equipmentRetailing plumbing fixtures and fittingsRetailing electrical suppliesRetailing paint and suppliesRetailing garden products and equipment


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