Home Improvement Stores in Canada
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. Industry players offer a broad range of products aimed at improving existing structures as well as constructing new ones. While the industry is heavily reliant on the health of the overall economy, industry performance is also dependent on dynamics in construction-related markets. Over the five years to 2018, volatile construction markets and external competition have become more prominent, posing a threat to industry operators. Patchy performance from nonresidential markets have forced operators to focus on customers involved in renovation and remodelling projects. Over the five years to 2023, volatile levels of construction activity are expected to keep industry expansion subdued. During the five-year period, industry revenue is expected to rise.
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, such as 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.
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