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.
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