$7.7bn
$XXX.Xm
35,288
5,407
$X.Xbn
Canada's Lumber and Building Material Stores industry has exhibited volatility because of fluctuations in construction markets. The pandemic greatly contributed to industry volatility, with housing starts ballooning in 2020 amid low interest rates. At the same time, the pandemic and associated business closures and work stoppages depleted private nonresidential construction markets. This trend has partially reversed as recent interest rate hikes have dissuaded investment in residential construction while commercial construction markets have grown. The ebb and flow of these markets have largely offset each other. Overall, revenue for lumber and building material stores is expected to climb at a CAGR of 2.3% to $7.7 billion through the end of 2024, including growth of 1.3% in 2024. Profit has been pressured by a complicated supply and demand environment and has not returned to pre-pandemic levels.
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $7.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Home Hardware Stores Limited | 1,849.8 | 79.5 | 4.3 | |
Castle Building Centres Group Ltd. | 209.0 | N/A | N/A | |
Tamarack Lumber Inc. | 20.2 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Lumber and other wooden building materials, Other structural materials and supplies and Hardware, tools, plumbing and electrical supplies. Lumber and other wooden building materials is the largest segment of the Lumber & Building Material Stores in Canada.
Other structural building materials account for the largest share of sales
This industry retails building materials, such as lumber, hardwood, stones and brick. This industry also supplies cabinets, floor coverings, roofing materials, electrical and plumbing goods, doors and windows to the construction market. The industry does not include home improvement centres, paint and wallpaper specialty stores or hardware stores.
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NAICS 444190 - Lumber & Building Material Stores in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Low interest rates enabled housing starts to proliferate and residential construction activity to blossom. Since 2022, rising rates have damaged revenue as homeowners are dis...
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Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Stores endure a high degree of competition from other retailers and big-box stores. Lumber and building material stores mostly compete based on store location, price, product...
Learn about the performance of the top companies in the industry.
Home Hardware has an agreement with FedEx Corporation allowing stores to host a full-service FedEx Authorized ShipCentre. This alliance with FedEx, a leader in the transporta...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Stores rely on residential and private nonresidential construction markets. Both markets displayed volatile behavior, with residential markets aided by low interest rates dur...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Hikes in wood and sawmill lumber prices have caused purchase costs to climb. This has cut into profit for many stores.
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Lumber & Building Material Stores industry in Canada is $7.7bn in 2024.
There are 5,407 businesses in the Lumber & Building Material Stores industry in Canada, which has grown at a CAGR of 7.2 % between 2019 and 2024.
The market size of the Lumber & Building Material Stores industry in Canada has been growing at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Lumber & Building Material Stores industry in Canada is expected to grow.
The biggest companies operating in the Lumber & Building Material Stores market in Canada are Home Hardware Stores Limited, Castle Building Centres Group Ltd. and Tamarack Lumber Inc.
Retailing building materials and Retailing cabinets are part of the Lumber & Building Material Stores industry.
The company holding the most market share in Canada is Home Hardware Stores Limited.
The level of competition is high and steady in the Lumber & Building Material Stores industry in Canada.