Industry Analysis & Industry Trends
The Home Improvement Stores industry struggled during the past five years. Revenue dipped in 2009 due to the recession, and only recovered slightly since then due to growing consumer income and the property bubble. In the next five years, the industry will continue to recover thanks to the rebounding construction market. However, housing starts are expected to decrease as the Canadian housing market continues to recover. Price competition will remain among big-box stores as e-commerce strengthens. Yet rising per capita disposable income levels will improve demand for industry services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years to 2021, industry value added, a measure of an industry's contribution to the economy, is expected to increase at an annualized rate of 3.0%. The overall Canadian economy is expected to grow at an annualized rate of 1.9% during the same period. The rise in popularity of do-it-yourself projects over the past decade has provided an important growth channel for this industry. Additionally, the growing scope of larger companies has allowed margins to increase over the period, with more stores benefitting from economies of scale.
The industry has also experienced increasing homogenization across operators, leading to consolidation as the industry's larger companies take advantage of their economies of scale to consolidate market share... purchase to read more