United Kingdom Hardware Stores Retail Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.43 Billion |
| Market Size (2029) | USD 27.37 Billion |
| CAGR (2024 - 2029) | 5.01 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United Kingdom Hardware Stores Retail Market Analysis
The United Kingdom Hardware Stores Retail Market size is estimated at USD 21.43 billion in 2024, and is expected to reach USD 27.37 billion by 2029, growing at a CAGR of 5.01% during the forecast period (2024-2029).
The hardware store market in the United Kingdom is an essential part of the retail sector, meeting the varied requirements of businesses and consumers engaged in construction, home improvement, and DIY projects. Hardware stores in the United Kingdom typically offer a range of products, including tools, building materials, plumbing supplies, electrical components, paint, gardening tools, and home improvement products. The market is competitive, with various national and local players.
Several factors drive the retail market for hardware stores in the United Kingdom. With more people spending time at home, there has been a notable increase in DIY and home improvement projects, leading to a higher demand for hardware products. The construction industry's performance, including residential and commercial construction, also significantly influences the demand for hardware products. Additionally, innovation in hardware products, such as smart home devices and eco-friendly materials, can drive consumer interest and contribute to market growth.
United Kingdom Hardware Stores Retail Market Trends
The Growing Emphasis on DIY Projects is Boosting the Demand for the Hardware Retail Market
The DIY home improvement retailing market is gaining immense popularity among individuals due to its cost-saving benefits by eliminating labor costs. This trend allows individuals to allocate more of their budget towards purchasing high-quality materials and tools, ensuring long-lasting results. Increased focus on DIY projects is expected to significantly impact hardware stores in the United Kingdom. With more people engaging in DIY activities, there is likely to be a surge in demand for tools, materials, and supplies, which could prove advantageous for hardware stores.
This trend might also intensify competition among hardware stores, compelling them to adapt their offerings and services to the evolving needs of DIY enthusiasts. Moreover, the proliferation of online shopping and e-commerce platforms could further affect traditional brick-and-mortar hardware stores, as consumers may opt for online purchases of DIY supplies over in-store shopping. In light of these developments, hardware stores in the United Kingdom may need to carefully evaluate their strategies and offerings to respond effectively to the growing emphasis on DIY projects.
Growing Trend of Home Improvement and Renovation Projects
There is a growing trend of home improvement and renovation projects, with more people investing in upgrading and enhancing their homes. It can be attributed to several factors, including the desire to increase property value, improve living spaces for personal enjoyment, and adapt homes to changing lifestyle needs. Additionally, online resources and tutorials have made DIY projects more accessible and appealing to homeowners. COVID-19 has also contributed, as many individuals have spent more time at home and sought to make their living spaces more comfortable and functional. Overall, the trend of home improvement and renovation projects is expected to continue as homeowners prioritize creating personalized and comfortable living environments.
United Kingdom Hardware Stores Retail Industry Overview
The hardware stores retail market is moderately fragmented with many players. Numerous smaller players operate independently or as part of smaller chains rather than a few dominant companies controlling the market share. Screwfix had implemented strategies to maintain a seamless customer experience across all touchpoints, from online browsing to in-store checkout and order pickup. The key players include Kingfisher PLC, Home Hardware (Scotland) Ltd, Travis Perkins PLC, Homebase, and Wolseley UK.
United Kingdom Hardware Stores Retail Market Leaders
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Kingfisher plc
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Home Hardware (Scotland) Ltd
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Travis Perkins plc
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Homebase
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Wolseley UK
*Disclaimer: Major Players sorted in no particular order
United Kingdom Hardware Stores Retail Market News
- In December 2023, Kingfisher, the global home improvement retailer, expanded its collaboration with CitrusAd to introduce retail media opportunities for third-party brands across its banners, beginning with B&Q.
- In October 2023, Travis Perkins PLC, the UK's leading distributor of building materials, revealed a new five-year fleet management partnership with Zenith's Commercial Division for the Group's 3000+ assets.
United Kingdom Hardware Stores Retail Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increased Focus on DIY
- 4.2.2 Growing Trend of Home Improvement and Renovation Projects
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4.3 Market Restraints
- 4.3.1 High Competition Impact the Profitability of Hardware Retail Stores
- 4.3.2 Supply Chain Disruptions
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4.4 Market Opportunities
- 4.4.1 Introducing New and Innovative Products Rise the Demand for Hardware Stores
- 4.5 Value Chain Analysis
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4.6 Industry Attractiveness: Porter's Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products and Services
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights into Technological Advancements in the Industry
- 4.8 Assessment of the Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Door Hardware
- 5.1.2 Building Materials
- 5.1.3 Kitchen and Toilet Product
- 5.1.4 Other Product Types
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5.2 By Distribution Channel
- 5.2.1 Offline Stores
- 5.2.2 Online Stores
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
- 6.2 Company Profiles
- *List Not Exhaustive
- 6.3 Kingfisher PLC
- 6.4 Home Hardware (Scotland) Ltd
- 6.5 Travis Perkins PLC
- 6.6 Homebase
- 6.7 Wolseley UK
- 6.8 Ferguson PLC
- 6.9 The Range
- 6.10 Hampstead Hardware
- 6.11 Malletts Home Hardware
- 6.12 Stax Trade Centres Limited*
7. FUTURE MARKET TRENDS
8. DISCLAIMER AND ABOUT US
United Kingdom Hardware Stores Retail Industry Segmentation
A hardware store, also called a DIY store, sells various products related to home improvement and construction. These stores usually have a broad selection, including fasteners, building materials, hand tools, power tools, plumbing and electrical supplies, paint, and gardening tools and supplies. The hardware stores retail market forecast is segmented by product type and distribution channel. The market is segmented by product type into door hardware, building materials, kitchen and toilet products, and others. And by distribution channels offline and online. The reports offer the market sizing and forecasts for the hardware stores' retail market in value (USD) for all the above segments.
| By Product Type | Door Hardware |
| Building Materials | |
| Kitchen and Toilet Product | |
| Other Product Types | |
| By Distribution Channel | Offline Stores |
| Online Stores |
United Kingdom Hardware Stores Retail Market Research FAQs
How big is the United Kingdom Hardware Stores Retail Market?
The United Kingdom Hardware Stores Retail Market size is expected to reach USD 21.43 billion in 2024 and grow at a CAGR of 5.01% to reach USD 27.37 billion by 2029.
What is the current United Kingdom Hardware Stores Retail Market size?
In 2024, the United Kingdom Hardware Stores Retail Market size is expected to reach USD 21.43 billion.
Who are the key players in United Kingdom Hardware Stores Retail Market?
Kingfisher plc, Home Hardware (Scotland) Ltd, Travis Perkins plc, Homebase and Wolseley UK are the major companies operating in the United Kingdom Hardware Stores Retail Market.
What years does this United Kingdom Hardware Stores Retail Market cover, and what was the market size in 2023?
In 2023, the United Kingdom Hardware Stores Retail Market size was estimated at USD 20.36 billion. The report covers the United Kingdom Hardware Stores Retail Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Hardware Stores Retail Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United Kingdom Hardware Stores Retail Industry Report
Statistics for the 2024 United Kingdom Hardware Stores Retail market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Kingdom Hardware Stores Retail analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
