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 SWOT Analysis Chapter
The Hardware Stores industry is in the mature phase of its life cycle. Factors that support this stage include a slightly negative dip in industry value added (IVA) and a slow decline in enterprise and establishment numbers over the coming years. Also, a lack of change in technology and buyer and seller markets will factor into this stage.
During the 10 years to 2019, the industry's contribution to the overall economy, as measured by IVA, is forecast to increase marginally at an average annual rate of 0.1% compared with GDP growth, which is projected to rise at an annualize 2.7% per year over the same period... purchase to read more