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 through 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 growth during the five years to 2020, as a result of a growing construction industry and rising consumer incomes... 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 2.0% 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