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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 | Jun 2014

Well built: The industry will become less volatile as construction markets recover

The Hardware Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
32,120
Businesses
1,480
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 Products Chapter

Residential construction across Canada has recently experienced a slowdown. Housing starts fell 12.5% in 2013 and are expected to decrease a further 0.2% in 2014. As a result, downstream demand for each of the Hardware Stores industry's segments has fallen, with paint and lumber decreasing faster than the rest of the categories. Firms in this industry have also been hurt by rising external competition from operators in the Home Improvement Stores industry (IBISWorld report 44412CA) as well as from online retailers.

Hardware

The hardware segment, which includes tools, plumbing and electrical supplies, accounts for the largest share of industry revenue, estimated to be 46.1% in 2014... 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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