Market Size of United States Hardware Stores Retail Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 56.12 Billion |
| Market Size (2029) | USD 71.25 Billion |
| CAGR (2024 - 2029) | 4.89 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
United States Hardware Stores Retail Market Analysis
The United States Hardware Stores Retail Market size is estimated at USD 56.12 billion in 2024, and is expected to reach USD 71.25 billion by 2029, growing at a CAGR of 4.89% during the forecast period (2024-2029).
The hardware store retail market in the United States is a significant part of the broader home improvement industry. The primary reason behind the surge in demand for hardware retailers is the growing embrace of home appliances in renovation projects. This is driven by an increased need for effective storage cabinetry, evolving appliance preferences, trends in hardwood flooring and backsplashes, and a desire for more efficient connections with outdoor spaces. Additionally, the expanding presence of the e-commerce sector and the notable rise in online sales contribute significantly to the heightened demand for products.
With homeowners dedicating more time to their homes, the ability to work remotely allowed for a migration of focus. This trend and the constrained housing market led many families to choose renovation over new construction. This shift has proven advantageous for the home improvement retail industry.
