Hardware Stores in Canada
The Hardware Stores industry in Canada retails a variety of building and home renovation supplies to professional contractors and consumers. The industry is characterized by its homogeneous products, which lead to a high level of price-based competition among the many small players in the industry. Over the five years to 2018, a strong performance in construction markets and an outbreak of private spending on home improvements have resulted in a lucrative market for industry operators despite the rising external competition. Most industry demand derives from consumers working on do-it-yourself (DIY) projects, with the remaining demand coming from do-it-for-me (DIFM) projects and professional contractors. Over the five years to 2023, industry revenue is expected to slow, but continue to grow.
This industry primarily retails a broad range of new-home renovation equipment and supplies. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods. Consumers purchase about 90.0% of the goods supplied by this industry for private use, while contractors purchase a small share of goods for commercial use.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook