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 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.
In 2014, IBISWorld estimates that the Southeast region accounts for the largest proportion of industry establishments at 23.9%, and the largest share in 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