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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 | Apr 2016

Shaky support: External competition will lead to slight decline in industry revenue

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
$3bn
Annual Growth 11-16
-3.5%
Annual Growth 16-21
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Profit
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Employment
16,097
Businesses
1,575
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 - Starting a New Business Chapter

In most cases, the industry has no formal or formidable barriers to entry. It is relatively inexpensive to buy or rent space to build or furnish a storefront. However, there a number of factors specific to the industry that may affect a new operator's ability to succeed.

Potential industry operators studying whether to enter this industry will also need to consider the high level of competition from home improvement stores, as well as the growing competition from online retailers. Competition arises from the high-profile, more cost-efficient chain stores already established in the industry. Strong market dominance from big-box stores such as Rona Inc. and Home Depot that offer highly visible hardware brands makes it difficult for new entrants to attract 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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