Industry Analysis & Industry Trends
In the five years to 2015, 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 mature stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to grow at an annualised rate of 2.1% during the 10 years to 2020, which is similar to the annualized Canadian GDP growth rate of 2.2% during the same period. Industry growth so close to GDP growth is a characteristic of a mature industry. In general, demand for hardware products is dependent on the health of the overall economy, such as income levels and the state of the housing market. As a result, industry performance typically reflects the overall economic trend.
Hardware products sold by this industry have become fully accepted by Canadian consumers... purchase to read more