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.
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