Industry Analysis & Industry Trends
In the five years to 2016, 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 declining stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to fall at an annualized rate of 0.2% during the 10 years to 2021. This is lower than the expected annualized Canadian GDP growth rate of 1.9% during the same period. Declining IVA typically indicates an industry is in the declining phase of its lifecycle.
Hardware products sold by this industry have become fully accepted by Canadian consumers. As people purchase houses or embark on a renovation product, they tend to purchase hardware tools and equipment... purchase to read more