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2025 U.S. Industry Statistics & Market Forecast - Hardware Retailers
Market Size & Industry Statistics
The total U.S. industry market size for Hardware Retailers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Product & Services Breakdown
Research products and services in the Hardware Retailers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Household Soaps, Detergents, Cleaners, & Cleaning Supplies |
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Household Cleaning Supplies |
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Household Soaps, Detergents, & Cleaners |
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Major Household Appliances |
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Outdoor Gas Grills, Parts, Accessories |
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Small Household Appliances & Personal Care Appliances |
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Furniture, Sleep Equipment & Outdoor/Patio Furniture |
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Kitchenware & Home Furnishings |
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Decorative Accessories & Home Furnishings |
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Kitchenware |
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Sporting Goods & Recreational Equipment |
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Hardware, Tools, & Plumbing & Electrical Supplies |
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Hardware |
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Plumbing Fixtures & Supplies |
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Ladders & Scaffolding |
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Wiring & Wire Products |
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Welding Supplies |
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Electrical Supplies |
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Hand Tools & Accessories (Blades, Bits.) |
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Power Tools & Equipment & Accessories (Blades, Bits.) |
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Lawn, Garden, & Farm Equipment & Supplies |
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Outdoor Nursery Stock |
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Fertilizer, Lime, Chemicals, & Other Soil Treatments |
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Lawn & Garden Tools |
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Lawn & Garden Machinery, Equipment, & Parts |
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All Other Lawn & Garden Supplies |
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Dimensional Lumber & Other Building/Structural Materials & Supplies |
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Dimensional Lumber, Nontreated |
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Doors & Moulding |
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Masonry Supplies, Including Cement, Lime, Plaster, Brick. |
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Kitchen & Bath Cabinets & Countertops |
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Heating & Hvac Units, Ductwork, Heating Stoves |
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All Other Building/Structural Materials & Supplies |
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Paint & Sundries |
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Interior Paint |
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Exterior Paint |
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Stain, Varnish, Shellac, & Other Coatings |
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Painting Equipment, Including Tools, Brushes, Scrapers. |
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Painting Supplies |
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Automotive Tires, Tubes, Batteries, Audio Equipment, Parts, Access |
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Household Fuels, Including Oil, Lp Gas, Wood, Coal |
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Pets, Pet Foods, & Pet Supplies |
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All Other Merchandise |
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Nonautomotive Batteries |
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All Other Merchandise, Excluding Lottery Ticket Sales/Commissions |
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All Nonmerchandise Receipts |
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All Other Nonmerchandise Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Hardware Retailers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Hardware Retailers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Hardware Retailers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 3% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Sales and Related Occupations | 56% | |||
| Supervisors of Sales Workers | 6% | |||
| First-Line Supervisors of Sales Workers | 6% | |||
| First-Line Supervisors of Retail Sales Workers | 6% | |||
| Retail Sales Workers | 48% | |||
| Cashiers | 12% | |||
| Cashiers | 12% | |||
| Retail Salespersons | 35% | |||
| Retail Salespersons | 35% | |||
| Office and Administrative Support Occupations | 10% | |||
| Transportation and Material Moving Occupations | 19% | |||
| Material Moving Workers | 15% | |||
| Laborers and Material Movers | 15% | |||
| Stockers and Order Fillers | 10% | |||
Hardware Retailers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Hardware Retailers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Hardware Retailers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Hardware Retailers industry. |
Source:
Latest Industry News
- Hardware stores are the nuts and bolts of American freedom this July 4th - From Soviet-era housing to American hardware stores, how homeownership represents freedom and responsibility. Home equity accounts for 45% of American homeowners' net worth (07/04/2025)
- Are retail stores open Fourth of July? Details on Walmart, Target, Lowe's, more in Alabama - The Fourth of July falls on a Friday this year. Here's what to know about which retail stores will be open and closed on the holiday. (07/03/2025)
- Going shopping on July 4th? Here's which NY retailers will be open - Independence Day is this Friday, and consumers looking to grab a new outfit for their Fourth of July gathering are in luck, as most retail stores will be open in some capacity on the holiday. Most restaurant and grocery chains will also be open on July 4, while banks, post offices, and the stock market will be closed. (07/03/2025)
- These MD Grocery, Hardware And Retail Stores Are Open On July 4th - These stores are open on Independence Day in Maryland. See the holiday hours for grocery, hardware and retail stores. (07/03/2025)
- HNSE ASIA AI HARDWARE BATTLE 2025 Adds Japan retail showcase for Top 10 Winners - Southeast Asia AI Hardware Battle (HNSE AHB) are pleased to announce an expanded prize package for this year’s competition. (07/03/2025)
- Texoma Ace Hardware stores fundraise for pediatric care needs - Ace Hardware stores across the country have long partnered with Children’s Miracle Network Hospitals (CMN). On June 28, the Wichita Falls location hosted its annual fundraiser to support life-saving pediatric care. This year’s goal was to raise $10,000 to help expand the neonatal intensive care unit (NICU) at United Regional Health Care System. (06/30/2025)
- Mount Pleasant landmark Royall Ace Hardware hangs up its toolbelt and changes hands after 50 years - MOUNT PLEASANT — After nearly a half century, Royall Ace Hardware, the barn-shaped landmark at a busy Mount Pleasant intersection, is changing hands. The switch, set to begin July 1, was prompted by the retirement of proprietor John Royall. (06/26/2025)
- Is Walmart open on Memorial Day? Target? See what retailers stay open for holiday - Here's everything you need to know about grocery stores, retail stores, restaurants and more and whether or not they will be open on Memorial Day. (05/25/2025)
- Hagan Ace Hardware says 'King Charlie,' two other Orange Park store cats safe after massive fire - Three store cats survived a massive fire that destroyed Hagan Ace Hardware’s Orange Park HQ. One firefighter was hospitalized but is expected to recover. (05/24/2025)
- Massive fire consumes Clay County Ace Hardware store, here's what we know - Dozens of firefighters battled a massive fire as Clay County lost one of its popular family-owned businesses, Hagan Ace Hardware in Middleburg. (05/24/2025)
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