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Tool & Hardware Wholesaling in the US - Industry Market Research Report

  • July 2016
  • -
  • Ibisworld
  • -
  • 35 pages

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Tool up: Housing starts are anticipated to remain strong, driving demand for industry products



Abstract

Tool & Hardware Wholesaling in the US

Products in the Tool and Hardware Wholesaling industry is principally used in construction and renovation operations, such as roof, tile and floor installment. As a result, industry success relies heavily on conditions in downstream construction and manufacturing markets. Over the five years to 2016, rebounding residential construction and home improvement have spurred industry revenue growth. Moreover, the industry is poised for further growth over the next five years. Housing starts are anticipated to remain strong, growing at a rapid pace and driving demand for this industry's services. In addition, rising income and falling unemployment will promote retail purchases at home improvement and hardware stores, ultimately benefiting the industry. Finally, revenue will grow in light of demand from the manufacturing sector.

Operators in this industry purchase and distribute a range of hardware products, including hand tools, power tools, locks and keys, metal cutlery, fasteners and saw blades. Operators purchase these products in large volumes before distributing them in customized varieties and at competitive prices to retailers, other wholesalers and end-use industries. This industry does not distribute nails, disposable plastic cutlery, hand tools for motor vehicles or hand tools for precision equipment.

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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