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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 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
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 - Starting a New Business Chapter

This industry has a medium level of concentration, with the top three players accounting for 60.4% of market share in 2015. These top four cooperatives have more than 12,000 stores, and likely benefit from higher margins resulting from economies of scale and favorable supplier contracts. New retailers are unlikely to match the buying power of these collectives, presenting a significant barrier to any entrant. Also, the availability of suitable property to build new stores is a barrier to entry. According to the North American Retail Hardware Association, a provider of information for hardware stores, the average size of a hardware store's selling area is about 9,000 square feet which is a relatively large for retail spaces... 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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