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Hardware Stores in Canada: Market Research Report

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

Hardware Stores in Canada Market Research Report | NAICS 44413CA | Apr 2016

Shaky support: External competition will lead to slight decline in industry revenue

IBISWorld’s Hardware Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
-3.5%
Annual Growth 16-21
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Profit
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Employment
16,097
Businesses
1,575
Industry Analysis & Industry Trends

In the five years to 2016, the Hardware Stores industry experienced a heightened level of revenue volatility perpetuated by increased internal and external competition. However, positive changes in per capita disposable income have been encouraging consumers to increase discretionary spending, especially on residential renovation projects. In the next five years, the industry will experience growth due to a recovering housing market and increased consumer spending... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Hardware Stores industry is in the declining stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to fall at an annualized rate of 0.2% during the 10 years to 2021. This is lower than the expected annualized Canadian GDP growth rate of 1.9% during the same period. Declining IVA typically indicates an industry is in the declining phase of its lifecycle.

Hardware products sold by this industry have become fully accepted by Canadian consumers. As people purchase houses or embark on a renovation product, they tend to purchase hardware tools and equipment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hardware Stores Industry?

This industry primarily retails a broad range of new-home renovation equipment and supplies. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods. Consumers purchase about 90.0% of the goods supplied by this industry for private use, while contractors purchase a small share of goods.

Industry Products
Hardware, tools, plumbing and electrical suppliesLawn, garden and farm suppliesPaint and sundriesLumber and other building materials
 
Industry Activities
Retailing hardwareRetailing tools and equipmentRetailing plumbing fixtures and fittingsRetailing electrical suppliesRetailing paint and suppliesRetailing garden products and equipment


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