Industry Analysis & Industry Trends
Over the five years to 2016, volatile construction markets and external competition have become more prominent, posing a threat to operators in the Home Improvement Stores industry. Declining housing starts and patchy performance from nonresidential markets have forced operators to focus on customers involved in renovation and remodelling projects. The industry sells fairly homogenous product lines, which has led to priced-based competition between operators. As a result, few key companies that use their economies of scale to accumulate and maintain high market shares largely dominate the industry. Over the next five years, volatile levels of construction activity and low consumer sentiment will keep industry expansion subdued.
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Industry Report - Industry Locations Chapter
The locations of Home Improvement Stores industry establishments are based on population trends, as consumers are the major market for this industry. Additionally, the downstream clients that purchase goods from industry operators are also typically located in populous areas. These customers include electricians, contractors and other maintenance professionals or establishments.
Ontario accounts for the largest amount of industry operators with an estimated 28.6% of the home improvement stores. This region is also the most population dense region, accounting for 38.5% of the population. Major players, Home Depot and Lowe's, have their Canadian headquarters in Toronto, ON, also contributing to the high percentage of establishments in this region... purchase to read more