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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 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

 


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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