Lumber & Building Material Stores in Canada
Over the past five years, the Lumber and Building Material Stores industry in Canada has outperformed the economy overall, though it has grown more slowly than the retail sector as a whole. While volatility in the housing market complicated industry performance, overall industry revenue is expected to grow during the five-year period; however, continued fears of a housing bubble in major cities, such as Vancouver and Toronto, is expected to undermine investment in new housing over 2017. Over the next five years, dynamics in construction-related industries is expected to continue to heavily influence industry performance. While Canada's overheated housing market is unlikely to result in a dramatic crash, new home construction is anticipated to remain constrained moving forward. Nevertheless, while the cooling housing market tempers demand, an increase in renovation activity from homeowners is expected to support revenue growth.
This industry retails building materials such as lumber, hardwood, stones and brick. This industry also supplies cabinets, floor coverings, roofing materials, electrical and plumbing goods, doors and windows to the construction market. The industry does not include home improvement centres, paint and wallpaper specialty stores or hardware stores.
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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