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Lumber & Building Material Stores in Canada: Market Research Report

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

Lumber & Building Material Stores in Canada Market Research Report | NAICS 44419CA | Oct 2016

Nailing it: Industry revenue will slowly rise, but heightened competition will hinder profit

IBISWorld’s Lumber & Building Material 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
$4bn
Annual Growth 11-16
0.6%
Annual Growth 16-21
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Profit
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Employment
23,803
Businesses
3,169
Industry Analysis & Industry Trends

The Lumber and Building Material Stores industry has lumbered through the five years to 2016. Over the past five years, mixed performance from construction markets has caused industry revenue to stagnate. However, the industry is expected to slowly pick up over the next five years. As in the previous period, dynamics in construction-related industries is expected to heavily influence industry performance. While Canada's overheated housing market is unlikely to result in a dramatic crash, new home construction is anticipated to remain constrained moving forward. Nevertheless, while the cooling housing market tempers demand, an increase in renovation activity from homeowners is expected to boost industry revenue slightly... purchase to read more

Industry Report - Starting a New Business Chapter

The Lumber and Building Material Stores industry exhibits low barriers to entry for prospective operators. New entrants do not need to meet licensing requirements or adhere to significant government regulation. Nevertheless, investment costs and high levels of competition can be challenging to companies that want to enter the industry.

The initial cost of establishing or purchasing a retail outlet and costs associated with building inventory can be high. Prospective operators may not be readily able to secure the necessary capital to purchase or lease space to establish a new store. Furthermore, new operators require a line of credit for the purchase of store inventory, which can be quite extensive. Est.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Lumber & Building Material Stores Industry?

This industry retails building materials such as lumber, hardwood, stones and brick. This industry also supplies cabinets, floor coverings, roofing materials, electrical and plumbing goods, doors and windows to the construction market. The industry does not include home improvement centres, paint and wallpaper specialty stores or hardware stores.

Industry Products
Lumber and other wooden building materialsOther structural materials and suppliesHardware, tools, plumbing and electrical supplies
 
Industry Activities
Retailing building materialsRetailing cabinetsRetailing ceiling fansRetailing doors and windowsRetailing electrical suppliesRetailing fencingRetailing floor coverings (wood or ceramic only)Retailing lighting fixturesRetailing masonry (e.g. block, brick and stone)Retailing plumbing supplies


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