Home Improvement Stores in the US
In the five years to 2016, industry revenue is expected to rise. This growth is largely due to the industry's recovery from recessionary lows as well as the overall health of the economy. Rising confidence in the economy and higher incomes have encouraged households to make bigger purchases, and housing starts are expected to increase. With higher disposable income and increasing housing units, consumers and professionals have undertaken more home improvement projects boosting industry revenue growth. As the US economy continues to strengthen, the Home Improvement Stores industry is well positioned to experience continued growth over the next five years. The number of housing starts is expected to increase, further boosting demand for home improvement supplies.
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.
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