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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 | Jan 2015

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

IBISWorld’s Hardware Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
142,954
Businesses
10,782
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 Locations Chapter

As with most retail industries, the locations of hardware stores fall broadly in line with population trends in each US region and thus, consumer demand. This factor influences employment and wages in each region. A greater number of residents in a particular region will equate to stronger demand for goods retailed by the Hardware Stores industry.

Southeast

In 2015, IBISWorld estimates that the Southeast region accounts for the largest proportion of industry establishments at 24.0%, and the largest share of the US population at just over 25.0%. A strong contributing factor is the number of residents living in Florida, which alone accounts for 4.4% of industry establishments and 6.1% of the US population... 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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