Tool & Hardware Wholesaling in the US
Products in the Tool and Hardware Wholesaling industry is principally used in construction and renovation operations, such as roof, tile and floor installment. In addition, fastener products, which generates close to half of industry revenue, are key to manufacturing operations across industries. As a result, the success of the industry relies heavily on conditions in downstream construction and manufacturing markets. The residential construction market has been especially important to the industry's performance over the five years to 2016. Rebounding residential construction and home improvement have spurred industry growth. The Tool and Hardware Wholesaling industry is poised for further growth over the five years to 2021. Housing starts are anticipated to remain strong, growing at a rapid pace and driving demand for this industry's services. In addition, rising income and falling unemployment will promote retail purchases at home improvement and hardware stores. Finally, revenue will grow in light of demand from the manufacturing sector.
Operators in this industry purchase and distribute a range of hardware products, including hand tools, power tools, locks and keys, metal cutlery, fasteners and saw blades. Operators purchase these products in large volumes before distributing them in customized varieties and at competitive prices to retailers, other wholesalers and end-use industries. This industry does not distribute nails, disposable plastic cutlery, hand tools for motor vehicles or hand tools for precision equipment.
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