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Home Improvement Stores in Canada: Market Research Report

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

Home Improvement Stores in Canada Market Research Report | NAICS 44411CA | Jun 2016

Building up: Revenue will grow as construction activity and consumer confidence rise

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
$20bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
56,859
Businesses
698
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 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

 


Industry ProductsRelated ReportsTable of Contents

What is the Home Improvement Stores Industry?

This industry sells a broad range of home repair and maintenance goods, such as hardware tools, electrical goods, lumber and structural material for construction and renovations. Operators purchase goods from domestic and international manufacturers and wholesalers and sell them to end users, such as do-it-yourself consumers and professional contractors. Stores that focus on a specific area, like flooring or wall coverings, are excluded from this industry.

Industry Products
Lawn and garden suppliesTools, equipment, paint and flooringLumber and other building materialsHousehold appliances and housewares
 
Industry Activities
Retailing plumbing productsRetailing electrical productsRetailing toolsRetailing housewaresRetailing hardwareRetailing lawn and garden supplies


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