Forecast home improvement industry sales in Canada 2010-2022
Home improvement industry sales reached approximately 50 billion Canadian dollars in 2019. This was roughly similar to the figure in 2018. The sales value was projected to grow rapidly in the coming years. Canada is home to many home improvement retailers to facilitate such sales, with stores located across the entire country.
Competition for sales
Building centers and big box stores are the two main types of stores where consumers spend their money on home improvement products. They hold a share of around 46 and 26 percent of the whole market respectively. When it comes to retailers, Home Depot is the industry leader in terms of annual sales. In 2019, Home Depot brought in approximately 8.8 billion Canadian dollars of sales. Lowe’s Canada and Home Hardware Stores followed in second and third places, with sales of 7.1 and 6.6 billion Canadian dollars respectively in that year.
Consumer’s preference
According to a recent survey, Home Depot is Canadian consumers’ favorite DIY and home improvement retailer to shop at by a large margin. There were a total of 182 Home Depot stores nationwide in 2020.
Competition for sales
Building centers and big box stores are the two main types of stores where consumers spend their money on home improvement products. They hold a share of around 46 and 26 percent of the whole market respectively. When it comes to retailers, Home Depot is the industry leader in terms of annual sales. In 2019, Home Depot brought in approximately 8.8 billion Canadian dollars of sales. Lowe’s Canada and Home Hardware Stores followed in second and third places, with sales of 7.1 and 6.6 billion Canadian dollars respectively in that year.
Consumer’s preference
According to a recent survey, Home Depot is Canadian consumers’ favorite DIY and home improvement retailer to shop at by a large margin. There were a total of 182 Home Depot stores nationwide in 2020.
