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 Locations Chapter
As with most retail industries, the locations of hardware stores fall broadly in line with population trends in each US region and thus, consumer demand. This factor influences employment and wages in each region. A greater number of residents in a particular region will equate to stronger demand for goods retailed by the Hardware Stores industry.
In 2015, IBISWorld estimates that the Southeast region accounts for the largest proportion of industry establishments at 24.0%, and the largest share of the US population at just over 25.0%. A strong contributing factor is the number of residents living in Florida, which alone accounts for 4.4% of industry establishments and 6.1% of the US population... purchase to read more