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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 | Jul 2015

Home improvement: Housing market recovery fuels continued rebound in demand for hardware

The Hardware Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 10-15
2.7%
Annual Growth 15-20
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Profit
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Employment
140,755
Businesses
15,678
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 Products Chapter

A decline in home sales and falling disposable income caused demand for each of the Hardware Stores industry's segments to diminish during the recession, with paint and lumber falling faster than the rest of the categories. Many of these product segments have yet to fully recover. In addition, some segments have also been hurt by rising external competition from operators in the Home Improvement Stores industry (IBISWorld report 44411) and from online retailers.

Hardware

The hardware segment, which includes tools, plumbing and electrical supplies, accounts for the largest share of revenue, estimated to be 57.7% in 2015. This segment has experienced a slight increase over the past five years due to heightened demand for home improvement products... 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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