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Hardware Stores in Canada Industry Data and Analysis
Canadian hardware stores have faced a volatile five-year cycle, with a pandemic-era boom in renovation and DIY activity giving way to weaker demand as interest rate hikes cooled housing and big-ticket projects. Revenue fell from its 2022 peak, with 2023 to 2024 bringing softer sales of larger renovation-related purchases despite households' ongoing interest in DIY culture and home improvement projects. In response, retailers have expanded into smart home hardware, premium decorative items, energy-efficient tools and rural or agricultural lines. They are also adding services such as rentals, repairs and paint matching, alongside rapid investment in e-commerce, click-and-collect and mobile tools. While these improvements will help industry revenue to expand by an estimated 3.1% in 2026, it has fallen at a CAGR of 1.0% to $3.6 billion since 2021 amid ongoing economic uncertainty and intense competition.
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What's included in this industry analysis
IBISWorld's research coverage on the Hardware Stores industry in Canada includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released March 2026.
About this industry
What's this industry report about?
The Hardware Stores industry in Canada operates under the NAICS industry code 44413CA. The Hardware Stores industry in Canada primarily retails a wide range of new home renovation equipment and supplies. Hardware, lawn and garden supplies and lumber are the most commonly stocked goods. Consumers purchase the majority of the goods this industry supplies for private use, while contractors buy a smaller share for commercial use. Related terms covered in the Hardware Stores industry in Canada include do-it-yourself (diy), do-it-for-me (difm) and big-box store.
What's included in this industry?
Products and services covered in Hardware Stores industry in Canada include Hardware, Lawn, garden and farm supplies and Paint and sundries.
What companies are included in this industry?
Companies covered in the Hardware Stores industry in Canada include Home Hardware and VIVACO.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Hardware Stores industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Hardware Stores industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Hardware Stores industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Hardware Stores industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Hardware Stores industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Hardware Stores industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Hardware Stores industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Hardware Stores industry in Canada.
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Frequently Asked Questions
What is the market size of the Hardware Stores industry in Canada in 2026?
The market size of the Hardware Stores industry in Canada is $3.5bn in 2026.
How many businesses are there in the Hardware Stores industry in Canada in 2026?
There are 1,879 businesses in the Hardware Stores industry in Canada, which has grown at a CAGR of 0.2 % between 2021 and 2026.
How may import tariffs affect the Hardware Stores industry in Canada?
The Hardware Stores industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Hardware Stores industry in Canada?
The Hardware Stores industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Hardware Stores industry in Canada grown or declined over the past 5 years?
The market size of the Hardware Stores industry in Canada has been declining at a CAGR of 0.6 % between 2021 and 2026.
What is the forecast growth of the Hardware Stores industry in Canada over the next 5 years?
Over the next five years, the Hardware Stores industry in Canada is expected to grow.
What are the biggest companies in the Hardware Stores industry in Canada?
The biggest companies operating in the Hardware Stores industry in Canada are Home Hardware and VIVACO
What does the Hardware Stores industry in Canada include?
Retailing hardware and Retailing lawn, garden and farm tools and equipment are part of the Hardware Stores industry in Canada.
Which companies have the highest market share in the Hardware Stores industry in Canada?
The company holding the most market share in the Hardware Stores industry in Canada is Home Hardware.
How competitive is the Hardware Stores industry in Canada?
The level of competition is high and steady in the Hardware Stores industry in Canada.
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