Home improvement: Strong consumer sentiment has aided industry revenue
IBISWorld’s Hardware and Building Supplies Retailing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
Industry Analysis & Industry Trends
The Hardware and Building Supplies Retailing industry has performed strongly over the past five years. After subdued expenditure on private homes in 2009-10 and 2010-11, industry revenue growth has since returned due to strong consumer sentiment and greater expenditure on DIY renovations and home improvement projects. An undersupply of affordable housing and rising housing prices have also contributed to this growth, as it has become extremely expensive and time consuming for homeowners to upgrade to bigger and better homes. As a result, these homeowners have been deterred from moving houses, seeking instead to improve their existing homes through DIY renovations... 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
What is the Hardware and Building Supplies Retailing Industry?
Firms in the 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.
Tools and equipmentTimberBuilding suppliesGardening tools Paint and paint suppliesPlumbing suppliesOther hardware products
Hardware retailingTool and equipment retailingPlumbing fixture and fitting retailingPaint retailingGarden tool retailingTimber retailingCement retailingWallpaper retailingCarpenter and woodworker tool retailingCeramic floor tile retailing