Home Improvement Stores in Michigan - current trends and industry outlook (2019-2029)
The Home Improvement Stores industry in Michigan is expected to grow an annualized x.x% to
/$9.9 billion over the five years to 2024, while the national industry will likely
grow at a rate of x.x% during the same period. Industry establishments have increased an annualized x.x% to
257 locations, while industry employment...
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Home Improvement Stores in Michigan industry statistics
attach_moneyMichigan Market Size: $9.9 bn
business Number of Businesses in Michigan: 257
supervisor_accountMichigan Industry Employment: 25,857
poll Contribution to Michigan Economy: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.
poll Share of Home Improvement Stores in the US Revenue: x.x%lockPurchase this report or a membership to unlock our full summary for this industry.
Home Improvement Stores in Michigan - county industry data
The Home Improvement Stores industry in Michigan has the highest share of establishments in the following counties:
adjust Wayne County: x.x% of Michigan establishments
adjust Oakland County: x.x% of Michigan establishments
adjust Macomb County: x.x% of Michigan establishments
adjust Sed ut perspiciatis unde omnis laudantium, totam aperiam, eaque ipsa.
Geographic breakdown of the Home Improvement Stores industry in the US
The national Home Improvement Stores industry is most heavily concentrated in California, Texas and Florida. IBISWorld provides industry research for the Home Improvement Stores industry in 38 states. See other states where this industry is concentrated.
location_on Home Improvement Stores in California Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.
location_on Home Improvement Stores in Texas Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.
location_on Home Improvement Stores in Florida Geographic Concentration: x.x% lockPurchase this report or a membership to unlock our full summary for this industry.
location_on [County Name 3] County: x.x% of [Industry Name] in [State or Province Name] Establishments
What is the Home Improvement Stores industry?
Industry Definition
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 and Services
Lumber and other building and structural materials
Hardware, tools and plumbing and electrical supplies
Lawn, garden and farm equipment supplies
Household appliances, kitchen goods and housewares
All Others
Industry Activities
- Retailing plumbing goods
- Retailing electrical goods
- Retailing tools
- Retailing housewares
- Retailing hardware
- Retailing lawn and garden supplies
- Retailing kitchenware
Market research report - table of contents
About this Report
Industry Definition
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.
Main Activities
Retailing plumbing goods
Retailing electrical goods
Retailing tools
Retailing housewares
Retailing hardware
Retailing lawn and garden supplies
Retailing kitchenware
Similar Industries
Additional Resources
Industry at a Glance
Industry Statistics Snapshot
Industry Structure
Executive Summary
Industry Performance
Key External Drivers
Current Performance
Industry Outlook
Table: Home Improvement Stores in Michigan Revenue Outlook
Industry Life Cycle
Life Cycle Reasons
Chart: Benchmarking - Home Improvement Stores in Michigan Lifecycle vs The Economy
Products and Markets
Supply Chain
Key Buying Industries
Key Selling Industries
Products & Services
Demand Determinants
Major Markets
Chart: Major Market Segmentation for the Home Improvement Stores in Michigan
International Trade
Business Locations
Chart: Business Locations by State
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Profit, Purchases, Wages, Other Costs
Chart: Cost Structure Benchmarking – Sector vs Home Improvement Stores in Michigan
Basis of Competition
Internal competition
External competition
Barriers to Entry
Table: Barriers to Entry Checklist for the Home Improvement Stores in Michigan
Industry Globalization
Operating Conditions
Capital Intensity
Chart: Level of Capital Intensity for the Home Improvement Stores in Michigan
Chart: Tools of the Trade: Growth Strategies for Success
Technology & Systems
Revenue Volatility
Chart: Volatility vs Industry Growth
Regulation & Policy
Industry Assistance
Industry at a Glance
Key Statistics
SWOT
Strengths
Weaknesses
Opportunities
Threats
Industry Structure
Capital Intensity
Industry Assistance
Industry Globalization
Life Cycle
Regulation Level
Technology Change
Concentration Level
Competition Level
Revenue Volatility
Barriers to Entry
Product & Services Segmentation
Major Players
Key Trends
About this Report
Industry Definition
Main Activities
Similar Industries
Industry Performance
Key External Drivers
Current Performance
Industry Outlook
Analyst Insights
Competitive Landscape
Market Share Concentration
Cost Structure Benchmarks
Additional Resources
Additional Resources
Industry Jargon
Glossary