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Hardware Stores in Canada - Industry Market Research Report

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    Report

  • 75 Pages
  • September 2024
  • Region: Canada
  • IBISWorld
  • ID: 3972497

Hammer home: As residential renovation expenditure expands, it will likely drive industry expansion moving forward

Canadian hardware stores retail a variety of building and home renovation supplies to professional contractors and consumers, characterized by their homogeneous products, leading to a high level of price-based competition among the many small hardware stores. The industry has floundered over much of the five years to 2023 because of a mediocre housing market and boosting interest rates, a trend that was exacerbated by the closure of many retail outlets for several months in 2020 due to the COVID-19 pandemic. However, the housing market exploded in 2020 and 2021, a trend from which hardware stores in Canada benefited, resulting in industry revenue growing 17.2% in 2021 alone. Overall, revenue has been expanding at a CAGR of 3.5% over the past five years, and is expected to reach $3.9 billion in 2023, despite a 4.2% dip in revenue over the year.

The Hardware Stores industry in Canada primarily retails a broad range of new home renovation equipment and supplies. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods. Consumers purchase a large majority of the goods supplied by this industry for private use, while contractors purchase a small share of goods for commercial use.

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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Home Hardware Stores Limited

Methodology

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