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.
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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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Hardware & Home Improvement Retailers Market by Type
- Door Hardware
- Building Materials
- Kitchen And Toilet Product
Global Hardware & Home Improvement Retailers Market by Distribution Channel
- Offline retail Stores
- North America
- United States
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Ace Hardware Corp. (Inside Tweedy and Popp Hardware)
- Alibaba Group
- com, Inc.
- BAUHAUS AG
- Bricostore Romania SA
- Bunnings Group Ltd.
- Canadian Tire Corporation, Ltd.
- eBay Inc.
- Globus Holding GmbH & Co. KG.
- HORNBACH Group
- Maxeda DIY Group(Praxis)
- OBI GmbH & Co. Deutschland KG
- The Home Depot, Inc.
- Toom Baumarkt GmbH
- Wickes Building Supplies Ltd.
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.
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