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Hardware Stores in the US
IBISWorld, Feb 2012, Pages: 33
Hammered down: Competition from big box stores will inhibit growth, but demand will improve
Hardware Stores in the US
Hard times
The industry will continue to face challenges, despite an improving economy. Competition from big box home improvement stores will threaten operators, with consumers choosing to make purchases from stores that offer a large variety of products and convenience. However, the recovering housing market will boost demand, as consumers who are looking to repair or improve their homes will purchase hardware from industry operators.
Companies in this industry primarily retail a broad range of new home renovation equipment and supplies. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods. Consumers purchase about 90.0% of the goods supplied by this industry for private use, while contractors purchase a small share of 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.
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