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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 | Nov 2015

Well built: A recovery in residential renovation expenditure will drive industry growth

IBISWorld’s Hardware Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 10-15
2.0%
Annual Growth 15-20
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Profit
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Employment
33,206
Businesses
2,267
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 Analysis Chapter

In the five years to 2015, the Hardware Stores industry experienced a heightened level of revenue volatility due to fluctuations in the housing market and per capita disposable income. Moreover, the industry's volatility was perpetuated by increased internal and external competition, which slowed recovery in industry profitability. However, positive changes in per capita disposable income have been encouraging consumers to increase discretionary spending, especially on residential renovation projects. As a result of improving consumer spending, industry revenue is expected to climb at an annualized 2.0% to $3.9 billion in the five years to 2015, with a 6.5% jump in 2015 alone... 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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