Home improvement industry sales in Canada 2010-2018
Home improvement industry sales in Canada from 2010 to 2018 (in billion Canadian dollars)
Home improvement industry sales reached approximately 47.5 billion Canadian dollars in 2017. This figure was forecast to increase to 49.1 billion Canadian dollars by 2018. This would be an increase of over 10 billion dollars in industry sales since 2010. 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 25 percent of the whole market respectively. When it comes to retailers, Home Depot is the industry leader in terms of annual sales. In 2017, Home Depot brought in approximately 8.2 billion Canadian dollars of sales. Lowe’s Canada and Home Hardware Stores follow in second and third places, with sales of 7.2 and 6.4 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 was a total of 182 Home Depot stores nationwide for consumers to choose from in 2018.
Home improvement industry sales in Canada from 2010 to 2018 (in billion Canadian dollars)
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Statistics on "DIY and home improvement market in Canada"
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