Hardware & Home Improvement Retailers Market
Hardware & Home Improvement Retailers Market Size, Share & Trends Analysis Report by Type (Door Hardware, Building Materials, Kitchen and Toilet Products, and Others), and by Distribution Channel (Offline Retail Stores and Online) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Hardware & home improvement retailers market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The major factor driving the demand for hardware & home improvement retailers includes the increasing adoption of the home appliance for home renovation due to escalating demand for effective storage cabinetry, new styles & preferences in appliances, hardwood flooring, backsplash trends, and an efficient connection with the outdoors. Furthermore, the rising expansion of the e-commerce business coupled with the increasing online sales is some other factors that are fuelling the demand for market products. For instance, in April 2021, Amazon’s international sales in the first quarter of 2021 surged 60% compared to the 1st quarter of 2020, far outpacing the 40% growth it saw in North America and marking Amazon’s second quarter in a row of higher growth overseas.
Segmental Outlook
The global hardware & home improvement retailers market is segmented based on type, and distribution channel. Based on its type, the market is segmented into door hardware, building materials, kitchen and toilet product, and others. Based on the distribution channel, the market is categorized into offline retail stores and online. Among the type segment, the kitchen and toilet product sub-segment is anticipated to hold a considerable market share during the forecast period. The growth is driven by the growing urbanization and demand for space-saving products in the kitchen.
Among the distribution channel segment, the online sub-segment is anticipated to register significant growth during the forecast period. The growth of the online sub-segment is attributed to the development of digital infrastructure across the globe and the growth of e-commerce businesses. There is a growing trend of utilization of online channels to sell remodeling components & materials. It utilizes the web, mobile phones, and applications to place orders and get products delivered on-site. The facility enables online customer support in accessing product information, purchase decisions, price comparison, and real-time tracking.
Regional Outlooks
The global hardware & home improvement retailers market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the North American regional market is expected to cater to prominent growth over the forecast period. However, the Asia-Pacific region is projected to experience considerable growth in the hardware & home improvement retailers market.
Global Hardware & Home Improvement Retailers Market Growth, by Region 2022-2028
The European Region is Expected to Grow at a Significant CAGR in the Global Hardware & Home Improvement Retailers Market
Among all regions, the European region is anticipated to account for the significant CAGR during the forecast period. According to European Union (EU), the household disposable income per capita in the EU grew in total by 14 % between 2000 and 2009 and then rose by 14 % between 2013 and 2021. Additionally, according to the 2022 European E-commerce Report published in 2021, e-commerce revenue in Europe grew by 13%. The growth of the hardware & home improvement retailers market in the region is primarily driven by factors such as growing e-commerce business, and growing disposable income in the region.
Market Players Outlook
The major companies serving the global hardware & home improvement retailers market include The Home Depot, Inc., Wickes Building Supplies Ltd., Amazon.com, Inc, Bricostore Romania SA, Canadian Tire Corporation, Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2022, Sycamore Partners announced its agreement to purchase Lowe's retail business in Canada for $400 million in cash. The Canada division includes about 450 hardware stores, including both corporate-owned and independent affiliates, under the RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber brands.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hardware & home improvement Retailers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Hardware & Home Improvement Retailers Market by Type
4.1.1. Door Hardware
4.1.2. Building Materials
4.1.3. Kitchen And Toilet Product
4.1.4. Others
4.2. Global Hardware & Home Improvement Retailers Market by Distribution Channel
4.2.1. Offline retail Stores
4.2.2. Online
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Ace Hardware Corp. (Inside Tweedy and Popp Hardware)
6.2. Alibaba Group
6.3. Amazon.com, Inc.
6.4. BAUHAUS AG
6.5. Bricostore Romania SA
6.6. Bunnings Group Ltd.
6.7. Canadian Tire Corporation, Ltd.
6.8. eBay Inc.
6.9. Globus Holding GmbH & Co. KG.
6.10. HORNBACH Group
6.11. Maxeda DIY Group(Praxis)
6.12. OBI GmbH & Co. Deutschland KG
6.13. Rona
6.14. The Home Depot, Inc.
6.15. Toom Baumarkt GmbH
6.16. Wickes Building Supplies Ltd.
1. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL DOOR HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL BUILDING MATERIALS HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL KITCHEN AND TOILET PRODUCT HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHERS PRODUCT HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
7. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS IN OFFLINE RETAIL STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS IN ONLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. NORTH AMERICAN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
12. NORTH AMERICAN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
13. EUROPEAN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. EUROPEAN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. EUROPEAN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
19. REST OF THE WORLD HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. REST OF THE WORLD HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. REST OF THE WORLD HARDWARE & HOME IMPROVEMENT RETAILERS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
1. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL DOOR HARDWARE HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL BUILDING MATERIALS HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL KITCHEN AND TOILET PRODUCT HARDWARE & HOME IMPROVEMENT RETAILERS BY MARKET SHARE REGION, 2021 VS 2028 (%)
5. GLOBAL OTHERS PRODUCT HARDWARE & HOME IMPROVEMENT RETAILERS BY MARKET SHARE REGION, 2021 VS 2028 (%)
6. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
7. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS IN OFFLINE RETAIL STORES MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS IN ONLINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. US HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
11. CANADA HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
12. UK HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
13. FRANCE HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
14. GERMANY HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
15. ITALY HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
16. SPAIN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
17. REST OF EUROPE HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
18. INDIA HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
19. CHINA HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
20. JAPAN HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
21. SOUTH KOREA HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF ASIA-PACIFIC HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD HARDWARE & HOME IMPROVEMENT RETAILERS MARKET SIZE, 2021-2028 ($ MILLION)
