United Kingdom Hardware Stores Retail Market Size (2024 - 2029)

The United Kingdom hardware stores retail market is a vital segment of the retail industry, catering to the diverse needs of consumers and businesses involved in construction, home improvement, and DIY projects. This market encompasses a wide array of products, including tools, building materials, and home improvement items, and is characterized by a competitive landscape with numerous national and local players. The market's expansion is driven by increased DIY activities and home improvement projects, spurred by more time spent at home, as well as the performance of the construction industry. Innovations in hardware products, such as smart home devices and eco-friendly materials, also play a significant role in attracting consumer interest and fostering market growth.

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Market Size of United Kingdom Hardware Stores Retail Industry

United Kingdom Hardware Stores Retail Market Summary
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

United Kingdom Hardware Stores Retail Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
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United Kingdom Hardware Stores Retail Market Size Summary

The hardware store retail market in the United Kingdom is a vital segment of the broader retail industry, catering to the diverse needs of both businesses and consumers involved in construction, home improvement, and DIY projects. This market is characterized by a wide array of products, including tools, building materials, plumbing supplies, and gardening tools, among others. The competitive landscape features numerous national and local players, each striving to capture market share. The market's growth is driven by several factors, including the increasing popularity of DIY projects as more individuals seek to enhance their homes while saving on labor costs. This trend is further bolstered by the construction industry's performance, which significantly impacts the demand for hardware products. Innovations such as smart home devices and eco-friendly materials also play a crucial role in attracting consumer interest and fostering market expansion.

The trend towards home improvement and renovation projects is gaining momentum, with homeowners investing in upgrades to enhance property value and improve living spaces. This shift is supported by the accessibility of online resources and tutorials, making DIY projects more appealing. The COVID-19 pandemic has further accelerated this trend, as individuals spent more time at home, prompting them to create more comfortable and functional living environments. The market is moderately fragmented, with key players like Kingfisher PLC, Home Hardware (Scotland) Ltd, Travis Perkins PLC, Homebase, and Wolseley UK. These companies are adapting to the evolving market dynamics by enhancing customer experiences and exploring new partnerships, such as Kingfisher's collaboration with CitrusAd and Travis Perkins' fleet management partnership with Zenith's Commercial Division.

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United Kingdom Hardware Stores Retail Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increased Focus on DIY

      2. 1.2.2 Growing Trend of Home Improvement and Renovation Projects

    3. 1.3 Market Restraints

      1. 1.3.1 High Competition Impact the Profitability of Hardware Retail Stores

      2. 1.3.2 Supply Chain Disruptions

    4. 1.4 Market Opportunities

      1. 1.4.1 Introducing New and Innovative Products Rise the Demand for Hardware Stores

    5. 1.5 Value Chain Analysis

    6. 1.6 Industry Attractiveness: Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products and Services

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights into Technological Advancements in the Industry

    8. 1.8 Assessment of the Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Door Hardware

      2. 2.1.2 Building Materials

      3. 2.1.3 Kitchen and Toilet Product

      4. 2.1.4 Other Product Types

    2. 2.2 By Distribution Channel

      1. 2.2.1 Offline Stores

      2. 2.2.2 Online Stores

United Kingdom Hardware Stores Retail Market Size FAQs

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.

In 2024, the United Kingdom Hardware Stores Retail Market size is expected to reach USD 21.43 billion.

United Kingdom Hardware Stores Retail Market Report Snapshots

United Kingdom Hardware Stores Retail Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)