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Home Improvement Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Home Improvement Stores Market Research Report | NAICS 44411 | May 2017

Renovation: Increasing consumer investment in remodeling will boost industry revenue

IBISWorld’s Home Improvement Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$176bn
Annual Growth 12-17
4.5%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
725,456
Businesses
8,984
Industry Threats & Opportunities
  • Rising incomes will cause consumers to invest more in home improvements
  • Operators will look to more technologically advanced products to boost profit margins
  • Competition will be intensified by new operators taking advantage of the expanding market
  • ... purchase to read more

Industry Analysis & Industry Trends

Overe the five years to 2017, industry revenue is expected to rise. This growth is largely due to the industry's recovery from recessionary lows as well as the overall health of the economy. Rising confidence in the economy and higher incomes have encouraged households to make bigger purchases, and housing starts are expected to increase. With higher disposable income and increasing housing units, consumers and professionals have undertaken more home improvement projects boosting industry revenue growth. As the US economy continues to strengthen, the Home Improvement Stores industry is well positioned to experience continued growth over the next five years. The number of housing starts is expected to increase, further boosting demand for home improvement supplies... ... purchase to read more

Industry Report - Starting a New Business Chapter

The Home Improvement Stores industry has moderate barriers to entry. A high degree of market concentration by the industry's top two operators, as well as the high start-up costs necessary to enter the industry may inhibit the creation of new businesses. But given that the industry is particularly labor-intensive, the relative availability of labor keeps the barriers to entry at a medium level, as do overall low levels of regulation in the retail industry.

This industry has a high level of industry concentration with the top two players expected to account for almost 80.0% of the available market share in 2017. The industry's two largest companies collectively operate roughly 3,800 stores across the United States. As .. ... purchase to read more

Additional Insights for the Home Improvement Stores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Improvement Stores 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 and Private spending on home improvements in the Home Improvement Stores industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Home Improvement Stores 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 building and structural materialsHardware, tools and plumbing & electrical suppliesLawn, garden and farm equipment suppliesHousehold appliances, kitchen goods and housewares
     
    Industry Activities
    Retailing plumbing goodsRetailing electrical goodsRetailing toolsRetailing housewaresRetailing hardwareRetailing lawn and garden suppliesRetailing kitchenware


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Private spending on home improvements
  • Housing starts
  • Number of households
  • Current Performance
  • Product offerings shape industry trends
  • Profit and participation
  • Chart: Revenue Growth
  • Industry Outlook
  • Competitive environment
  • Technology
  • Table: Home Improvement Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Improvement Stores Industry Lifecycle vs The Economy
  • Products & Markets
    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 building and structural materials
  • Household appliances, kitchen goods and housewares
  • Hardware, tools and plumbing & electrical supplies
  • Lawn, garden and farm equipment supplies
  • Chart: Home Improvement Stores Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Professionals (commercial projects)
  • Professionals (do-it-for-me consumer projects)
  • Do-it-yourself customers
  • Chart: Major Market Segmentation for the Home Improvement Stores Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Home Improvement Stores
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Improvement Stores Industry
  • Industry Globalization
    Major Companies
    The Home Depot Inc.
    Lowe's Companies Inc.
    Menards Inc.
  • Table: The Home Depot Inc. - financial performance
  • Table: Lowe's Companies Inc. - financial performance
  • Table: Menards Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Home Improvement Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Home Improvement Stores Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvements (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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