Renovation: Increasing consumer investment in remodeling will boost industry revenue
Home Improvement Stores in the US
The Home Improvement Stores industry is a mature retail industry largely characterized by a high degree of market concentration and homogeneous product lines, leading to high levels of price competition, particularly between major companies Lowe’s and Home Depot. In the five years to 2016, industry revenue is expected to rise, largely due to the industry’s recovery from recessionary lows as well as the overall health of the economy. Rising confidence in the economy and higher incomes have encouraged households to make bigger purchases.The industry is well-positioned to experience even more robust growth during the next five years. Continued industry expansion may threaten profit margins, as competition pushes prices down and drives labor and marketing expenditure up, but the industry’s recent expansion into the market for higher-margin appliances will likely offset these factors.
Stores in this industry sell a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber and structural material for construction and renovations. Hardware stores, which are generally smaller and consequently sell fewer items, are excluded from this industry. Home improvement companies purchase goods from manufacturers and wholesalers, and sell them to end users, such as do-it-yourself consumers and professional contractors.
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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Table Of Contents
Home Improvement Stores in the US - Industry Market Research Report
TABLE OF CONTENTS
ABOUT THIS INDUSTRY Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS and MARKETS Supply Chain Products and Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
OPERATING CONDITIONS Capital Intensity Technology and Systems Revenue Volatility Regulation and Policy Industry Assistance
KEY STATISTICS Industry Data Annual Change Key Ratios