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 Products Chapter
Residential construction across Canada has recently experienced a slowdown. Housing starts increased by 0.8% in 2014 and is expected to marginally increase by 0.2% in 2015. As a result, downstream demand for each of the Hardware Stores industry's segments has fallen, with paint and lumber decreasing faster than the rest of the categories. Firms in this industry have also been hurt by rising external competition from operators in the Home Improvement Stores industry (IBISWorld report 44412CA) as well as from online retailers.
The hardware segment, which includes tools, plumbing and electrical supplies, accounts for the largest share of industry revenue, estimated to be 46.1% in 2015... purchase to read more