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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