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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 2017

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 12-17
-0.1%
Annual Growth 17-22
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Profit
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Employment
16,815
Businesses
1,594
Industry Analysis & Industry Trends

Over the five years to 2017, 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, although external competition will still pose a relevant threat to the industry... purchase to read more

Industry Report - Industry Locations Chapter

Similar to most retail industries across Canada, the geographical spread of hardware stores closely reflects the distribution of the population. Generally, the greater number of residents, the stronger demand will be for industry products. In addition, the downstream industries that purchase goods from industry operators are also typically located based on population trends, such as professional contractors, as they work on people's homes.

On the whole, Hardware Stores in Canada are located predominantly in the regions of Quebec and Ontario, representing a combined total of 61.8% of all recorded establishments in 2017. British Columbia and Alberta follow, accounting for a respective 11.2% and 10.6% of establishment numbers, respectively.

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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 for commercial use.

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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