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Hardware and Building Supplies Retailing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hardware and Building Supplies Retailing Market Research Report | ANZSIC G4231 | Mar 2016

Building confidence: The exit of Masters is expected to help Bunnings expand further

IBISWorld’s Hardware and Building Supplies Retailing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
6.7%
Annual Growth 16-21
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Profit
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Employment
73,770
Businesses
5,662
Industry Analysis & Industry Trends

Buoyant trends in residential building investment, household discretionary income and growth in the number of households have supported the Hardware and Building Supplies Retailing industry over the past five years. Households undertaking DIY home improvement renovations and repairs has also boosted the industry's performance. An undersupply of affordable housing and rising housing prices have contributed to growth as many homeowners have been deterred from moving. Instead, they have improved their existing homes through DIY renovations. In addition, the abolition of mortgage exit fees has made it easier for homeowners to refinance and unlock equity in their homes, which can be put towards home improvement projects.

Industry revenue is projected to grow at an annualised 6.7%... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has moderate barriers to entry and this trend has increased over the past five years due to Bunnings' continued dominance and the rapid expansion of Masters. Initial capital investment requirements are fairly low for new firms. However, prospective companies need to consider the initial capital requirements of establishing a new store or the cost of purchasing a franchise licence. Hardware retailers may be hindered in their ability to find suitably sized premises in well-populated areas. The various franchise costs associated with some hardware retailers and the cost of purchasing a warehouse-type store can also be prohibitive for prospective firms.

New entrants may also find it extremely difficult to compete with the existing players in the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hardware and Building Supplies Retailing Industry?

Companies in the Hardware and Building Supplies Retailing industry primarily retail hardware and building supplies to households and tradespeople. These retailers stock a range of goods including hardware, timber, tools, paint, plumbing supplies and garden tools. The industry excludes companies that primarily retail garden supplies such as plants, seeds and soil.

Industry Products
Tools and equipmentTimberBuilding suppliesGardening tools Paint and paint suppliesPlumbing suppliesOther hardware products
 
Industry Activities
Hardware retailingTool and equipment retailingPlumbing fixture and fitting retailingPaint retailingGarden tool retailingTimber retailingCement retailingWallpaper retailingCarpenter and woodworker tool retailingCeramic floor tile retailing


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