Operators in the Home Improvement Stores industry cater to a wide variety of markets, including professional, do-it-for-me and do-it-yourself customers. volatile construction markets and external competition have become more prominent, posing a threat to industry operators. Declining housing starts and patchy performance from nonresidential markets have forced operators to focus on customers involved in renovation and remodelling projects. In recent years, the industry's large players have expanded their offerings to include complementary services such as window and roof installation. These offerings have helped the industry weather fluctuations in downstream markets during this period. Over the next five years, volatile levels of construction activity and low consumer sentiment will keep industry expansion subdued.
This industry sells a broad range of home repair and maintenance goods, such as hardware tools, electrical goods, lumber and structural material for construction and renovations. Operators purchase goods from domestic and international manufacturers and wholesalers and sell them to end users, such as do-it-yourself consumers and professional contractors. Stores that focus on a specific area, like flooring or wall coverings, are excluded from this industry.
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.