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Home Improvement Stores in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Home Improvement Stores in Canada Market Research Report | NAICS 44411CA | Feb 2017

Patched up: Operators will focus on value-added services due to volatile construction activity

IBISWorld’s Home Improvement Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 12-17
2.6%
Annual Growth 17-22
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Profit
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Employment
51,950
Businesses
724
Industry Analysis & Industry Trends

Operators in the Home Improvement Stores industry cater to a wide variety of markets, including professional, do-it-for-me and do-it-yourself customers. volatile construction markets and external competition have become more prominent, posing a threat to industry operators. Declining housing starts and patchy performance from nonresidential markets have forced operators to focus on customers involved in renovation and remodelling projects. In recent years, the industry's large players have expanded their offerings to include complementary services such as window and roof installation. These offerings have helped the industry weather fluctuations in downstream markets during this period... purchase to read more

Industry Report - Industry Investment Chapter

The Home Improvement Stores industry exhibits a low level of capital intensity, with companies spending an average of $0.11 on capital for every dollar spent on labour. Capital costs have grown slightly during the past three years due to the increasing technological complexity of point-of-sale systems and inventory tracking systems. However, the industry still relies heavily upon paid staff for store operation. Staff duties include customer service, maintaining store displays, processing consumer purchases and maintaining computer systems. In the next five years, the industry workforce will increasingly comprise of skilled labour as the sales of complementary services increases.

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Industry ProductsRelated ReportsTable of Contents

What is the Home Improvement Stores Industry?

This industry sells a broad range of home repair and maintenance goods, such as hardware tools, electrical goods, lumber and structural material for construction and renovations. Operators purchase goods from domestic and international manufacturers and wholesalers and sell them to end users, such as do-it-yourself consumers and professional contractors. Stores that focus on a specific area, like flooring or wall coverings, are excluded from this industry.

Industry Products
Lawn and garden suppliesTools, equipment, paint and flooringLumber and other building materialsHousehold appliances and housewares
 
Industry Activities
Retailing plumbing productsRetailing electrical productsRetailing toolsRetailing housewaresRetailing hardwareRetailing lawn and garden supplies


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