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    Home Centers & Hardware Stores Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 12/7/2020
    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 repair and improvement products. Major companies include Home Depot, Lowe's, Menard, 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, is projected to exceed $680 billion in 2025, up from about $580 billion in annual revenue in 2016, according to Global Market Insights (GMI). Developed regions, including North America and Europe, accounted for about 85% of the world market in 2017. Japan and Australia are other major DIY/home improvement markets. US giants Home Depot and Lowe's account for 25% of global market share.

    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 $295 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 ...

     
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