Lumber & Building Material Stores in Canada - Industry Market Research Report

Plank by plank: Revenue growth will likely be constrained as contractors exhibit limited industry demand

The Lumber and Building Material Stores industry in Canada has undergone a volatile performance due to fluctuations in construction markets. The pandemic greatly contributed to industry volatility, with housing starts ballooning in 2020 amid low interest rates. At the same time, the pandemic and associated business closures and work stoppages depleted private nonresidential construction markets. This trend has, in part, reversed itself as recent interest rate hikes have dissuaded investment in residential construction while commercial construction markets begin to recover. The ebb and flow of these markets has largely offset each other's pitfalls. Overall, industry revenue is projected to grow an annualized 0.2% to $6.7 billion over the five years to 2023, despite a 3.6% depression in 2023 alone, with profit similarly falling to 4.3% in the same year. The pandemic is forecast to cause a reduction in operating profit during the period due to a complicated supply and demand environment

This industry retails building materials, such as lumber, hardwood, stones and brick. This industry also supplies cabinets, floor coverings, roofing materials, electrical and plumbing goods, doors and windows to the construction market. The industry does not include home improvement centres, paint and wallpaper specialty stores or hardware stores.

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.