Online Hardware & Tool Sales in the US - Industry Market Research Report

Hammer time: Increased consumer spending will drive industry growth as consumers regain confidence

Due to a variety of important variables, the industry has seen tremendous expansion in recent years in terms of revenue, employment and the number of businesses. Online shopping's popularity has been a key factor in the industry's expansion. Consumers are increasingly turning to the Internet to make purchases due to the convenience, wider product selection and competitive pricing offered by online retailers. Industry revenue is expected to increase at a CAGR of 4.2% to $25.1 billion going into 2023. In 2023 alone, revenue is expected to increase 0.7%. This industry retails a broad range of building renovation equipment and supplies via the internet. Hardware, plumbing, electrical and paint-related supplies and tools are the most commonly listed goods. 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.