Hardware Stores in the US - Industry Market Research Report

Hardware Stores in the US - Industry Market Research Report

  • July 2021 •
  • 41 pages •
  • Report ID: 198904 •
  • Format: PDF
Tool time: The rising popularity of DIY projects has sustained industry growth during the pandemic

Abstract

Hardware Stores in the US
The Hardware Stores industry has grown steadily over the five years to 2018. Dynamics within residential construction markets significantly influence the industry, since the industry primarily sells its goods to contractors and consumers engaging in building, repair and renovation projects. Rising values of residential construction, greater per capita disposable income and higher private spending on home improvements have all contributed to greater demand for hardware stores during the current period. Although the industry has benefited from a strengthening economy and a growing housing market, external competition has slightly dampened both industry revenue and profit growth. Over the five years to 2023, industry revenue is projected to grow due to deceleration in private spending on home improvements and per capita disposable income. Further, industry profit will be stifled by external competition, particularly from home improvement stores.

Companies in this industry primarily retail a broad range of new home renovation equipment and supplies. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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