$23.2bn
$X.Xbn
24,565
1,178
$X.Xbn
Tool and hardware wholesaling's performance largely hinges on domestic manufacturing and construction output, though some wholesalers near the border also serve markets in the United States. Canadian wholesalers benefited greatly in 2020 and 2021 as near-zero interest rates and higher disposable income led to a drastic jump in housing starts. Worsening macroeconomic factors, including heightened economic uncertainty, rising inflationary pressures and higher interest rates, negatively impacted distributors, harming demand from the nonresidential and manufacturing sectors. However, these losses failed to reverse the gains from the residential sector. These trends have caused revenue to grow at an estimated CAGR of 5.9% to $23.2 billion through the end of 2024, including a 1.2% dip that year alone.
Industry revenue has grown at a CAGR of 5.9 % over the past five years, to reach an estimated $23.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Grainger | 174.4 | 26.5 | 15.2 | |
Vallen | 151.0 | 10.2 | 6.8 | |
Richelieu | 113.6 | 11.5 | 10.1 |
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Industry revenue is measured across several distinct product and services lines, including Fasteners wholesaling, Hand and power tools wholesaling and Panellings, roofing, wallboards, mouldings and sidings. Fasteners wholesaling is the largest segment of the Tool & Hardware Wholesaling in Canada.
Fasteners wholesaling's segment size shrank
This industry wholesales a range of hardware products including fasteners, hand tools, power tools, locks and keys, metal knives and saw blades. Wholesalers purchase products in bulk and distribute them at competitive prices to users in the manufacturing, construction and commercial sectors. However, this industry does not distribute motor vehicle hand tools or machinists’ precision hand tools.
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NAICS 416330 - Tool & Hardware Wholesaling 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.
Jumps in housing starts push demand for wholesalers higher. During the initial stages of the pandemic, near-zero interest rates and high disposable income led to drastic gain...
Learn about an industry's products and services, markets and trends in international trade.
Fasteners are used for home repair projects and tiling, roofing and other construction projects. The widespread use of fasteners across multiple industries has made it the mo...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario has the most wholesalers. This region is home to the largest share of the population, holds various downstream markets and offers easy access to the US border, making...
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.
Transportation costs prevent high concentration. Having the ability to deliver stock on time while limiting transportation costs prevents many wholesalers from gaining a larg...
Learn about the performance of the top companies in the industry.
Richelieu Hardware is the largest company in this industry. Richelieu Hardware has expanded its market share through a series of acquisitions in Canada and the United States.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Canadian Government has been investing in infrastructure. Through the Investing in Canada Infrastructure Program, the government is improving infrastructure across te cou...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchase costs will likely stay high as they are essential to the industry. Wholesalers often purchase products from independent manufacturers, although a few of the largest ...
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 Tool & Hardware Wholesaling industry in Canada is $23.2bn in 2024.
There are 1,178 businesses in the Tool & Hardware Wholesaling industry in Canada, which has declined at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Tool & Hardware Wholesaling industry in Canada has been growing at a CAGR of 5.9 % between 2019 and 2024.
Over the next five years, the Tool & Hardware Wholesaling industry in Canada is expected to grow.
The biggest companies operating in the Tool & Hardware Wholesaling market in Canada are Grainger, Vallen and Richelieu
Fasteners wholesaling and Hand and power tools wholesaling are part of the Tool & Hardware Wholesaling industry.
The company holding the most market share in Canada is Grainger.
The level of competition is high and increasing in the Tool & Hardware Wholesaling industry in Canada.