First Research US Industry Profile

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Home Centers & Hardware Stores
SIC Codes: 5211, 5251
NAICS Codes: 44411, 44413
Last Quarterly Update: 6/10/2019
Companies in this industry sell building supplies, lumber, hardware, tools, and other home repair and improvement products. Major companies include Home Depot, Lowe's, and True Value (all based in the US), as well as Kingfisher (UK), Leroy Merlin (France), OBI (Germany), and Lowe's-owned RONA (Canada).
The global DIY/home improvement retail market, which includes home centers and hardware stores, generates about $580 billion in annual revenue, according to the European Federation of DIY Manufacturers. North America and Europe combined account for about 85% of the world market. Japan and Australia are other major DIY/home improvement markets. US giants Home Depot and Lowe's account for 25% of global market share.
The US home center and hardware store industry includes about 22,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $200 billion.
Home centers and hardware stores sell many of the same products, but home centers typically offer more building supplies (such as lumber and flooring) and appliances than hardware stores.
Competitive Landscape
Home remodeling and repair and new homebuilding drive demand. The profitability of individual companies depends on low-cost purchasing, effective merchandising, and competitive pricing. Large companies can offer wide selections, supply high-volume goods to builders, and have advantages in purchasing, finance, distribution, and marketing. Small companies can compete by offering specialty products, providing superior service, or serving a local market. The home center segment of the industry is highly concentrated: the top two companies dominate. The hardware store segment of the industry is fragmented: the top 50 US companies account for about 35% of segment revenue.
Competition includes building supply wholesalers and distributors, lumberyards, mass merchandisers, warehouse clubs, and internet retailers.
Products, Operations & Technology
Major products for US home centers include lumber and building supplies (about 35% of sales); hardware, tools, and plumbing and electrical supplies (25%); ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

03/11/2019
12/03/2018
09/03/2018
06/04/2018
03/05/2018
11/27/2017
08/28/2017
05/22/2017
02/20/2017
11/14/2016
08/15/2016
05/16/2016
02/22/2016
11/16/2015
08/17/2015
05/11/2015
02/09/2015
11/10/2014
08/18/2014
05/26/2014
03/03/2014
11/25/2013
09/02/2013
06/10/2013
03/18/2013
12/10/2012
09/17/2012
07/02/2012
04/09/2012
12/19/2011
09/26/2011
06/20/2011
03/14/2011
12/06/2010
08/30/2010
05/24/2010
02/22/2010