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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 | May 2014

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

IBISWorld’s Hardware Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 09-14
3.2%
Annual Growth 14-19
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Profit
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Employment
128,588
Businesses
14,443
Industry Analysis & Industry Trends

The industry will continue to face challenges, despite an improving economy. Competition from big-box home improvement stores will threaten operators, with consumers choosing to make purchases from stores that offer a large variety of products and convenience. The recovering housing market will boost demand, however, as consumers look to repair or improve their homes and purchase hardware from industry operators... 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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