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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 | Feb 2016

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

IBISWorld’s Home Improvement Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
58,607
Businesses
712
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

 


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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