Lumber & Building Material Stores in Canada
The Lumber and Building Material Stores industry in Canada has outperformed the overall economy over the five years to 2018, rebounding from its downturn earlier in the period. During the period's outset, the housing market bucked its three-year expansionary trend with the number of housing starts and the value of residential construction declining. As a result, demand for lumber and building materials flagged after two consecutive years of contraction. However, a robust, if not overheated, housing market later in the period was more than enough to make up for this slow start. Overall, IBISWorld projects industry revenue to grow over the five years to 2018. The industry is expected to continue to slowly grow over the next five years. Nevertheless, a cool down in the real estate sector will subdue demand for new housing, reducing demand for lumber and building materials.
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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