Home Improvement Stores in California
Over the five years to 2017, the Home Improvement Stores industry in California has experienced strong growth. From 2008 to 2012, many home improvement stores experienced falling revenue due to the collapse of the housing market and subsequent recession. Fortunately for industry operators, market conditions have rebounded with growth in the number of housing starts in California, per capita disposable income in California and pirate spending on home improvement. Competition has been increasingly prevalent in the industry due to the increased penetration of specialty retail stores. Over the next five years, market conditions are forecast to remain favorable, enabling industry revenue to grow.
Stores in this industry sell a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber and structural material for construction and renovations. Hardware stores, which are generally smaller and consequently sell fewer items, are excluded from this industry. Home improvement companies purchase goods from manufacturers and wholesalers, and sell them to end users, such as do-it-yourself consumers and professional contractors.
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.