$145.4bn
$X.Xbn
365k
47,364
$XX.Xbn
Lumber and building material stores have grown alongside growth in housing starts and per capita disposable income. Businesses in the industry retail building materials like lumber, hardwood, cabinets, floor coverings, roofing materials and other building goods. These goods are purchased by professional contractors and consumers engaged in remodeling and construction projects. Rising disposable income has helped ignite remodeling activity, supporting additional demand for lumber and other materials used in home improvement projects. Revenue grew in 2020 despite the economic uncertainty brought on by the pandemic. Revenue is expected to climb at a CAGR of 1.8% to $145.4 billion through the end of 2024, despite an expected drop of 0.3% in 2024 alone. While heightened interest rates slowed residential construction expansions, stores continued to enjoy growth. Profit has expanded during the period as well.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $145.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Builders Firstsource, Inc. | 9,757.9 | 837.1 | 8.6 | |
84 Lumber Company | 5,285.8 | 265.2 | 5.0 | |
Lumber Liquidators | 796.6 | 45.4 | 5.7 |
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Industry revenue is measured across several distinct product and services lines, including Plumbing, HVAC and electrical, Hardware, lumber and other building materials and Flooring, hand tools and other. Plumbing, HVAC and electrical is the largest segment of the Lumber & Building Material Stores in the US.
Higher prices have pushed up hardware, lumber and other building materials' revenue share
This industry consists of stores and dealers (e.g. lumberyards) that retail building materials such as lumber, hardwood, stones and brick. This industry also supplies cabinets, floor coverings, roofing materials, electrical and plumbing goods, doors and windows to the construction market. The industry doesn't include home improvement centers, paint and wallpaper specialty stores or hardware stores.
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NAICS 44419 - Lumber & Building Material Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Lumber and building material stores have enjoyed significant growth because of a booming residential construction market and rising lumber prices. The extension of energy-eff...
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Lumber remains a vital product for lumber and building material stores. It's essential for construction projects, but competition has grown with the rise of new materials and...
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Lumber and building material stores strategically locate near upstream and downstream markets. This positioning helps reduce transportation costs and enhances convenience for...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
A store adjusts prices to boost returns while monitoring competitors' pricing. This strategy is vital amid increased competition from home improvement stores, as maintaining ...
Learn about the performance of the top companies in the industry.
Builders FirstSource is a prominent company with over 5.0% market share and a workforce exceeding 28,000 employees. Headquartered in Texas, the company is continuing to expan...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Lumber and building material stores adhere to national labor laws. These regulations encompass minimum wage, mandated breaks and other employee standards to protect workers' ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising purchase costs are significantly impacting revenue and profitability for businesses. Recent price volatility has made it increasingly challenging for companies to main...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Lumber & Building Material Stores in the US industry in United States is $145.4bn in 2024.
There are 47,364 businesses in the Lumber & Building Material Stores in the US industry in United States, which has grown at a CAGR of 4.8 % between 2019 and 2024.
The market size of the Lumber & Building Material Stores in the US industry in United States has been growing at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Lumber & Building Material Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Lumber & Building Material Stores market in United States are Builders Firstsource, Inc., 84 Lumber Company and Lumber Liquidators
Retailing building materials and Retailing cabinets are part of the Lumber & Building Material Stores in the US industry.
The company holding the most market share in United States is Builders Firstsource, Inc..
The level of competition is moderate and steady in the Lumber & Building Material Stores in the US industry in United States.