Hardware Stores in the US
The Hardware Stores industry has grown steadily over the five years to 2018. Dynamics within construction markets significantly influence the industry, as the industry primarily sells its goods to contractors and consumers engaging in building, repair and renovation projects. Low mortgage rates during the period have encouraged individuals to purchase and renovate new and existing homes. This flurry of construction activity has boosted demand for industry products from both contractors and do-it-yourself consumers. As a result, IBISWorld expects industry revenue to increase over the five years to 2018. Over the five years to 2023, industry revenue is projected to continue growing due to strong economic growth.
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.