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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 | Jun 2014

Well built: The industry will become less volatile as construction markets recover

IBISWorld’s Hardware Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
32,120
Businesses
1,480
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 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 annualized rate of 1.7% during the 10 years to 2019, which is similar to the annualized Canadian GDP growth rate of 2.4% 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

 


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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