Home Centers & Hardware Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/25/2024
SIC Codes: 5211, 5251
NAICS Codes: 44411, 44413
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Home Centers & Hardware Stores Industry Profile

Companies in this industry sell building supplies, lumber, hardware, tools, and other home repair and improvement products. Major companies include Home Depot, Lowe's, Menards, and True Value (all based in the US), as well as Kingfisher (UK), Leroy Merlin (France), OBI (Germany), and RONA (Canada).

The global home improvement market is projected to surpass the trillion dollar mark by 2027 from more than $760 billion in 2020, with a compound annual growth rate (CAGR) of more than 4%, according to Statista. Surging focus of people on zero-waste DIY projects to create an eco-friendly home is likely to reveal rewarding opportunities for the market growth.

The US home centers and hardware stores industry includes about 21,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $195 billion.

Home centers and hardware stores sell many of the same products, but home centers typically offer more building supplies (such as lumber and flooring) and appliances than hardware stores.

COMPETITIVE LANDSCAPE

Home remodeling and repair and new homebuilding drive demand. The profitability of individual companies depends on low-cost purchasing, effective merchandising, and competitive pricing. Large companies can offer wide selections, supply high-volume goods to builders, and have advantages in purchasing, finance, distribution, and marketing. Small companies can compete by offering specialty products, providing superior service, or serving a local market. The home center segment of the industry is highly concentrated: the top ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu
Add To Cart

Focus Profiles

Complement this Industry Profile by purchasing a Focus Profile. Home Centers & Hardware Stores has one Focus Profiles that can help you better understand this industry:


Related Profiles

Here are a few profiles related to Home Centers & Hardware Stores that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options