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 Analysis Chapter
The Hardware Stores industry is picking up steam and heading toward prerecessionary highs. Over the five years to 2015, industry revenue has increased at an average annual rate of 2.9% to $24.9 billion. Low disposable income, homeownership rates and low home-improvement spending hampered revenue growth during and immediately following the recession. Nevertheless, these drivers have picked up significantly, especially in 2011, when signs of recovery began to show. Continued recovery and increases in these drivers are expected to help industry revenue slowly grow 1.6% in 2015.
Housing market shifts demand
Industry revenue growth was tempered by the struggling housing market throughout the current period... purchase to read more