The Hardware Stores industry has steadily recovered from the hammering it endured during the recession. As the housing market has become healthier and consumers have been more confident, individuals have increasingly returned to improving and updating their homes. Low mortgage rates have also enabled many individuals to become homeowners, which increased demand for industry products. In the five years to 2021, the recovering housing market and increased spending on home improvement projects will help boost industry demand. However, persistent competition from external sources, including big-box retailers and home improvement stores, will keep profit margins low.
Companies in this industry primarily retail a broad range of new home renovation equipment and supplies. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.