Hardware retailers have experienced ups and downs during the last decade. During the early 2000s there was steady growth in industry revenue as demand for home renovation boomed. This was followed by a period of contraction in the mid- to late 2000s as the financial crisis and ensuing downturn led households postponed home renovations and alterations. Since 2010-11, the industry has returned to moderate growth despite falling consumer confidence and constrained consumer spending as some demand for renovations returned. Intensifying competition and weak house prices weigh on demand for hardware.
Hardware stores in Australia cater to households, tradespeople and businesses, with Bunnings and Mitre 10 dominating sales. These retailers stock a range of hardware goods such as building materials, tools, paint supplies and key gardening items.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.