Lumber & Building Material Stores in the US - Industry Market Research Report
Lumber & Building Material Stores in the US
Over the five years to 2019, the Lumber and Building Material Stores industry has expanded as the economy has grown. Rising consumer confidence and household income have helped ignite remodeling activity, providing additional demand for lumber and other building materials used in home improvement projects. Additionally, demand from contractors and do-it-yourself (DIY) consumers for industry services has grown in line with an increasing number of housing starts. Both the housing and construction markets are poised to continue to strengthen over the five years to 2024. Additionally, increases in disposable income levels will lead to increased demand for industry products as consumers continue to invest in home improvement projects. However, competition from big-box retailers will continue to limit industry revenue growth.
This industry consists of stores and dealers (e.g. lumberyards) that retail 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 centers, 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook