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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 2016

Hammer home: Continuing housing market recovery fuels rebound in industry demand

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
$25bn
Annual Growth 11-16
2.9%
Annual Growth 16-21
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Profit
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Employment
148,264
Businesses
14,815
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 2021, 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 Analysis Chapter

Over the past five years, the Hardware Stores industry has expanded considerably from recessionary lows. The industry’s recovery over the period is largely due to the strengthening housing market. Over the past five years, housing starts have increased at an annualized rate of 14.2%, while demand from remodeling grew 4.5%. This flurry of construction activity has benefited industry operators that provide hardware and building materials to both contractors and do-it-yourself (DIY) consumers. Continued economic recovery and a strengthening housing market are expected to help industry revenue grow at an average annual rate of 2.9% over the five-year period. This includes a 4.7% increase in 2016, bringing industry revenue to $25.2 billion... 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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