Fixer upper: Improved disposable income and higher spending will benefit the industry

The Home Improvement stores industry in Ohio improved steadily over the five years to 2018. Operators cater to a wide variety of markets, including professionals and do-it-for-me and do-it-yourself customers. Additionally, these retailers offer a broad range of products for home improvement projects, as well as new construction. While this industry benefits from overall health of the economy, the variety of products and consumers protects it from the volatile nature of the housing market. Over the five years to 2018, industry revenue is anticipated to increase an annualized 5.9% to $8.1 billion, including an increase of 3.2% in 2018. This has been the result of steady growth in the value of residential construction in Ohio, which is anticipated to increase an annualized 9.6% to $5.3...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
5.9%
Forecast Growth 18-23
Profit
Employment
30,824
Businesses
341

Industry Threats & Opportunities

  • Rising consumer spending, housing starts and residential construction in Ohio will boost industry revenue
  • Additional Insights for the Home Improvement Stores in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Improvement Stores in Ohio Industry are

  • Having a loyal customer base
  • Having a wide and expanding product range
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Ohio and Private spending on home improvements in the Home Improvement Stores in Ohio industry impact industry performance..

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    What's in this report

    What is the Home Improvement Stores in Ohio Industry?

    Stores in this industry sell a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber and structural material for construction and renovations. Hardware stores, which are generally smaller and consequently sell fewer items, are excluded from this industry. Home improvement companies purchase goods from manufacturers and wholesalers, and sell them to end users, such as do-it-yourself consumers and professional contractors.

    Industry Products
  • Lumber and other structural building materials
  • Hardware, tools, plumbing and electrical supplies
  • Lawn, garden and farm equipment
  • Household appliances, kitchen goods and housewares
  • Industry Activities
  • Retailing plumbing goods
  • Retailing electrical goods
  • Retailing tools
  • Retailing housewares
  • Retailing hardware
  • Retailing lawn and garden supplies
  • Retailing kitchenware
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Ohio
  • Private spending on home improvements
  • Number of households
  • Housing starts in Ohio

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Improvement Stores in Ohio Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Carpenters
  • Consumers

  • Key Selling Industries
  • Electrical Equipment Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Home Furnishing Wholesaling
  • Lumber Wholesaling
  • Paint Wholesaling
  • Plumbing & Heating Supplies Wholesaling
  • Tool & Hardware Wholesaling

  • Products & Services
  • Lumber and other structural building materials
  • Hardware, tools, plumbing and electrical supplies
  • Household appliances, kitchen goods and housewares
  • Lawn, garden and farm equipment
  • Chart: Home Improvement Stores in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Professional contractors
  • Do-it-yourself customers
  • Chart: Major Market Segmentation for the Home Improvement Stores in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Home Improvement Stores in Ohio

  • Basis of Competition
    Barriers to Entry
    The Home Depot Inc., Lowe's Companies Inc., Menard Inc., Sutherland Lumber Company,
  • Table: The Home Depot Inc. - financial performance
  • Table: Lowe's Companies Inc. - financial performance
  • Table: Menard Inc. - financial performance
  • Table: Sutherland Lumber Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Home Improvement Stores in Ohio Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Home Improvement Stores in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing Starts in Ohio (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Do-It-For-Me (Difm)
  • A category of customers who purchase materials themselves and hire third parties or professionals to complete the projects.
  • Do-It-Yourself (Diy)
  • A category of customers that includes homeowners who purchase products and complete their own projects.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Professional Customers
  • Professional remodelers, general contractors, repairmen and tradesmen.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Home Improvement Stores in Ohio contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Home Improvement Stores in Ohio:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Home Improvement Stores in Ohio market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Home Improvement Stores in Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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