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2024 U.S. Industry Statistics & Market Forecast - Hardware Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Hardware Merchant Wholesalers:
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 | 2019 2020 2021 2022 2023 | |
|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Hardware Merchant Wholesalers industry is facing a number of key trends that are having a significant impact on its operations. One of the most prominent trends is the rise of e-commerce, which is leading to increased competition from online retailers. As consumers become more comfortable with shopping online, they are increasingly turning to digital channels to purchase hardware and other products, putting pressure on traditional brick-and-mortar wholesalers to adapt.Another trend affecting the industry is the growing importance of sustainability and environmental responsibility. Consumers are becoming more conscious of the impact of their purchases and are seeking out products that are environmentally friendly and produced sustainably. This is leading to an increased focus on sustainability in the hardware wholesaling industry, and companies that can demonstrate their commitment to sustainable practices are likely to see increased demand from customers.
Other trends affecting the industry include the continued consolidation of hardware wholesalers, which is leading to fewer but larger players in the market, and the growing influence of new technologies like artificial intelligence and the Internet of Things. As these technologies become more prevalent, they are likely to have a significant impact on the industry, potentially driving greater efficiency and automation in the supply chain.
Product & Services Breakdown
Research products and services in the Hardware Merchant Wholesalers 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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New And Rebuilt Automotive And Trailer Parts And Supplies |
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Household And Lawn Furniture |
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Miscellaneous Home Furnishings, Including Household Containers, Flatware, Pans, Baskets, And Kitchen Utensils |
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Plywood, Panels, And Millwork, Including Doors, Windows, And Wood Fence |
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Other Panel Products, Including Hardwood Plywood, Hardwood Veneer, And Particleboard |
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Wood Millwork, Including Moldings, Doors, Windows, And Cabinets |
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Metal Millwork |
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Trusses, Wood Siding, And Wood Shingles |
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Nonwood Roofing, Nonwood Siding, And Insulation Materials |
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Nonwood Roofing |
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Other Construction Products And Materials |
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Flat Iron And Steel Products |
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Iron And Steel Wire And Wire Products |
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Nails |
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Electrical Apparatus And Equipment |
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Electric And Gas Household Appliances, Excluding Plumbing |
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Electronic Parts And Equipment, Excluding Communications Equipment |
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Hardware |
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Bolts, Nuts, Rivets, And Other Fasteners, Excluding Nails |
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Cutlery |
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Hand Tools, Power |
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Hand Tools, Excluding Power Tools |
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Window Treatment Parts And Accessories |
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Plumbing And Hydronic Heating Equipment And Supplies, Including Gas Plumbing Appliances And Water Heaters |
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Plastic Pipe Fittings And Valves, Excluding Pipes And Tubing |
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Metal Pipe Fittings And Valves, Excluding Pipes And Tubing |
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Plumbing Fixtures |
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Other Plumbing And Heating Equipment And Supplies |
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Lawn And Garden Machinery, Equipment, And Parts |
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General-Purpose Industrial Machinery, Equipment, And Parts |
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Industrial Containers And Supplies |
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Other Industrial Containers And Supplies, Including Pallets And Skids |
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Abrasives, Strapping, Tape, Ink, And Mechanical Rubber Goods |
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Sporting And Recreational Goods And Supplies |
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Farm Supplies |
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Paint, Paint Supplies, Wallpaper, And Wallpaper Supplies |
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Service Receipts And Labor Charges, Including Installed Parts |
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Labor Charges For Repair Work |
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Miscellaneous Commodities |
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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 |
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| 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 Merchant Wholesalers 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 Merchant Wholesalers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Hardware Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| 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 | 10% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 5% | |||
| Sales and Related Occupations | 23% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 13% | |||
| Office and Administrative Support Occupations | 16% | |||
| Installation, Maintenance, and Repair Occupations | 11% | |||
| Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 20% | |||
| Motor Vehicle Operators | 6% | |||
| Driver/Sales Workers and Truck Drivers | 6% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Hardware Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Hardware Merchant Wholesalers 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 Merchant Wholesalers 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 Merchant Wholesalers industry. |
Source:
Innovation News
- Mar 28, 2024: Warming Trends patents Flame Burner
- Mar 28, 2024: LB Marketing patents Dual-power Lanterns And Lighting Devices
- Jan 23, 2024: Hardware Plus trademarks "FLOOR TOUCH" - Bumper guards for furniture; Non-slip pads of rubber for furniture legs
- Jan 23, 2024: Hardware Plus trademarks "WALL TOUCH" - Non-metal hooks; Nonmetal mirror hangers
- Jan 18, 2024: XL Screw trademarks "XL" - Metal threaded fasteners
- Dec 28, 2023: Warming Trends patents Decorative-flame Burner
Recent Federal Contracts for Hardware Merchant Wholesalers- Apr 02, 2024: WRIGHT TOOL COMPANY, LLC (Warren, MI) awarded $3,463
- Mar 27, 2024: SUPPLY KING USA, LLC (Nanuet, NY) awarded $1,889
- Mar 20, 2024: GOVCONNECTION, INC. (Rockville, MD) awarded $15,138
- Mar 19, 2024: GIGA, INC. (Macon, GA) awarded $1,440
- Mar 15, 2024: FASTENAL COMPANY (Winona, MN) awarded $20,000
- Mar 13, 2024: IDN GLOBAL, INC. (Norridge, IL) awarded $36,438
- Apr 02, 2024: WRIGHT TOOL COMPANY, LLC (Warren, MI) awarded $3,463
- Mar 27, 2024: SUPPLY KING USA, LLC (Nanuet, NY) awarded $1,889
- Mar 20, 2024: GOVCONNECTION, INC. (Rockville, MD) awarded $15,138
- Mar 19, 2024: GIGA, INC. (Macon, GA) awarded $1,440
- Mar 15, 2024: FASTENAL COMPANY (Winona, MN) awarded $20,000
- Mar 13, 2024: IDN GLOBAL, INC. (Norridge, IL) awarded $36,438
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