$91.1bn
$X.Xbn
91,364
5,262
$X.Xbn
Tools and hardware wholesales have faced moderate volatility in recent years. The nonresidential construction sector took a significant hit during the pandemic, while the 2020 pandemic initially had a positive impact on the residential sector. Unfavorable economic conditions, including rising inflation and interest rates, have resulted in significant drops in the value of residential construction, and although rising corporate profit has enabled the value of nonresidential construction to begin recovering, these gains will be slow to show, resulting in revenue shrinking since 2022. Overall, revenue has been growing at an estimated CAGR of 1.5% to $91.1 billion over the past five years, decreasing 0.1% in 2024 alone.
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $91.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Ace Hardware Corporation | 2,569.1 | 153.2 | 6.0 | |
W.W. Grainger, Inc. | 1,790.6 | 166.7 | 9.3 |
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Industry revenue is measured across several distinct product and services lines, including Hand tools, Power tools and Cutlery. Hand tools is the largest segment of the Tool & Hardware Wholesaling in the US.
Fasteners are versatile and used across all industries
Operators in this industry purchase and distribute a range of hardware products, including hand tools, power tools, locks and keys, metal cutlery, fasteners and saw blades. Operators purchase these products in large volumes before distributing them in customized varieties and at competitive prices to retailers, other wholesalers and end use industries. This industry does not distribute nails, disposable plastic cutlery, hand tools for motor vehicles or hand tools for precision equipment.
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NAICS 42371 - Tool & Hardware Wholesaling 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.
Increasing uncertainty slows down future growth. Activity within the construction and manufacturing sectors will remain low, reducing the need for wholesalers.
Learn about an industry's products and services, markets and trends in international trade.
The use of tools and hardware across multiple industries protects wholesalers from volatility. Demand from the government and manufacturers mitigates losses in the constructi...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Wholesalers benefit from higher sales in population-dense regions. A larger population results in increasing home construction and home improvement projects, driving the need...
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.
Wholesalers aim to reduce transportation costs by basing operations near major markets. This results in high competition to find locations that benefit wholesalers.
Learn about the performance of the top companies in the industry.
Ace Hardware announces losses in 2023. The company claims that the mild 2022 winter season negatively impacted demand for seasonal goods, harming revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Increases in consumer spending benefit wholesalers. Higher spending often boosts manufacturing and industrial activity, creating positive conditions for wholesalers.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Strong residential construction trends allowed profit to grow. Increases in residential construction and home improvement projects drove revenue and profit.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Tool & Hardware Wholesaling in the US industry in United States is $91.1bn in 2024.
There are 5,262 businesses in the Tool & Hardware Wholesaling in the US industry in United States, which has declined at a CAGR of 1.9 % between 2019 and 2024.
The market size of the Tool & Hardware Wholesaling in the US industry in United States has been growing at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Tool & Hardware Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Tool & Hardware Wholesaling market in United States are Ace Hardware Corporation and W.W. Grainger, Inc.
Fastening product wholesaling (e.g. bolts, nuts, rivets and screws) and Hand tool wholesaling (e.g. screwdrivers) are part of the Tool & Hardware Wholesaling in the US industry.
The company holding the most market share in United States is Ace Hardware Corporation.
The level of competition is high and steady in the Tool & Hardware Wholesaling in the US industry in United States.