Industry Analysis & Industry Trends
This industry primarily retails a broad range of new-home renovation equipment and supplies. Following a sharp revenue dip in 2009, the industry has been struggling to recover, despite rising consumer incomes and a property bubble from 2010 until 2013. Industry revenue has stumbled due to consumers moving away from hardware stores toward larger big-box retailers and home improvement stores. Nevertheless, the industry will experience 2.0% annualized growth during the five years to 2019, reaching $4.0 billion as a result of a growing construction industry and rising consumer incomes... purchase to read more
Industry Report - Industry Locations Chapter
Similar to most retail industries across Canada, the geographical spread of hardware stores closely reflects the distribution of the population. Generally, the greater number of residents, the stronger the demand will be for industry products. In addition, the downstream industries that purchase goods from industry operators are also typically located based on population trends, such as professional contractors, as they work on people's homes.
On the whole, Hardware Stores in Canada are located predominantly in the regions of Quebec and Ontario, representing a combined total of 61.8% of all recorded establishments in 2014. British Columbia and Alberta follow, accounting for a respective 11.4% and 10.0% of establishment numbers, respectively... purchase to read more