Hardware and Building Supplies Retailing in Australia - Industry Market Research Report
Description
Hardware and Building Supplies Retailing in Australia
Companies in the Hardware and Building Supplies Retailing industry have shown resilience amid mixed trading conditions. Fluctuations in consumer sentiment and house construction activity have constrained demand for hardware and building supplies. Continued growth in the number of households and greater consumer interest in DIY renovations have supported industry demand. Industry revenue surged over the two years through 2020-21 thanks to increased consumer spending on hardware during the COVID-19 pandemic. Lockdowns caused a spike in home renovation activity as people spent more time at home and looked for ways to improve their work and living spaces. Industry revenue has been falling at an annualised 0.4% over the past five years and is expected to total $25.9 billion in 2023-24, when revenue will plunge by an estimated 7.8% as high inflation curbs industry demand.
Industry operators retail hardware and building supplies to households and tradespeople. These retailers stock a range of goods including hardware, timber, tools, paint, plumbing supplies and garden tools. The industry excludes companies that primarily retail garden supplies such as plants, seeds and soil.
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.
Companies in the Hardware and Building Supplies Retailing industry have shown resilience amid mixed trading conditions. Fluctuations in consumer sentiment and house construction activity have constrained demand for hardware and building supplies. Continued growth in the number of households and greater consumer interest in DIY renovations have supported industry demand. Industry revenue surged over the two years through 2020-21 thanks to increased consumer spending on hardware during the COVID-19 pandemic. Lockdowns caused a spike in home renovation activity as people spent more time at home and looked for ways to improve their work and living spaces. Industry revenue has been falling at an annualised 0.4% over the past five years and is expected to total $25.9 billion in 2023-24, when revenue will plunge by an estimated 7.8% as high inflation curbs industry demand.
Industry operators retail hardware and building supplies to households and tradespeople. These retailers stock a range of goods including hardware, timber, tools, paint, plumbing supplies and garden tools. The industry excludes companies that primarily retail garden supplies such as plants, seeds and soil.
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.
Table of Contents
77 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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