Tool & Hardware Wholesaling in Canada - Industry Market Research Report

Locked Down: Rising Government Spending Will Likely Result in Improving Nonresidential Construction

Tool and Hardware Wholesaling industry performance is a function of domestic manufacturing and construction output, although some operators close to the border sell to markets in the United States as well. The growth in residential construction markets across North America and steady growth in manufacturing activity limited further decreases in revenue over the last five years. The outbreak of COVID-19 further worsened conditions. Tool and Hardware Wholesaling industry revenue has been inching downward at a CAGR of 0.5% to $18.5 billion over the five years to 2023, including an estimated 4.6% drop in 2023 alone, when profit is set to total 6.1%. This industry wholesales a range of hardware products including fasteners, hand tools, power tools, locks and keys, metal knives and saw blades. Wholesalers purchase products in bulk and distribute them at competitive prices to users in the manufacturing, construction and commercial sectors. However, this industry does not distribute motor vehicle hand tools or machinists’ precision hand tools. 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.