Home Centers & Hardware Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/22/2017
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
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Excerpt from Home Centers & Hardware Stores Industry Profile

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

The global DIY/home improvement retail market, which includes home centers and hardware stores, generates about $560 billion in annual revenue, according to the European Federation of DIY Manufacturers. North America and Europe combined account for about 85% of the world market. Japan and Australia are other major DIY/home improvement markets.

The US home center and hardware store industry includes about 22,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $190 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 two companies dominate. The hardware store segment of the ...

 
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