Canada is one of the most buoyant home improvement markets in the world and market conditions under COVID have driven the sector to unprecedented heights. According to the 2021 Hardlines Retail Report, growth in 2020 by hardware and home improvement dealers in Canada set a record.
The latest Hardlines Retail Report examines the industry, and the retail players that make it up, in detail using data and statistics that are not available anywhere else. The proprietary research and strategic insights in the report shed light on how much the industry is growing, where the growth vectors are coming from, and which players are leading the way.
Following a year of unprecedented sales activity in this sector under COVID, 2020 resulted in an average sales increase from all stores measured in this study of more than 15%, a rate of growth not seen since Hardlines began tracking the industry 25 years ago.
And unlike in previous years, the increase was seen across the country, even in regions, such as the Prairies, where a slowed energy sector had impacted those markets; and the Maritimes, which in other years has seen only slow or flat growth, regardless of how the rest of the country is performing.
For vendors trying to understand their customers, or retail groups that want to keep abreast of their competitors, the report identifies and ranks the top 20 retail home improvement players. In addition, the four leading groups are analyzed in-depth to explain strategies, competitive advantages, and expansion plans.
Areas of study include:
- The size of the industry year-over-year
- In-depth analysis of the top players, Home Depot Canada, Lowe’s Canada, Home Hardware, and Canadian Tire Retail
- The winning formats—how the independents are faring against the big boxes
- The hot provinces and how market shares have changed by region year over year
- The newest trends and challenges facing the industry today
- Forecasts for the industry in 2021 and 2022
Designed to help retailers and suppliers alike develop their business plans for the year ahead, this year’s report provides valuable forecasts for the industry for 2021 and through to 2023. Forecasts include the estimated performance of the industry’s top four home improvement retailers.
The 2021 Hardlines Retail Report features 190 PowerPoint slides and is packed with dozens of charts, graphs, and photographs. (For more information and to order the 2021 Hardlines Retail Report, click here.)
For more information, contact Michael McLarney, President of Hardlines, at 416-489-3396 or email@example.com.