$26.2bn
$X.Xbn
84,364
5,846
$X.Xbn
Companies in the Hardware and Building Supplies Retailing industry have shown resilience amid mixed trading conditions. Fluctuations in consumer sentiment and house construction activity have constrained demand for hardware and building supplies. Continued growth in the number of households and greater consumer interest in DIY renovations have supported industry demand. Industry revenue surged over the two years through 2020-21 thanks to increased consumer spending on hardware during the COVID-19 pandemic. Lockdowns caused a spike in home renovation activity as people spent more time at home and looked for ways to improve their work and living spaces. Industry revenue has been falling at an annualised 0.1% over the past five years and is expected to total $26.2 billion in 2023-24, while being on track to plunge by an estimated 6.4% as high inflation curbs industry demand.
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $26.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Wesfarmers | 11,359.1 | |
Metcash | 868.1 | |
Bowens Timber & Hardware | 623.1 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Tools and equipment, Timber and Building supplies. Tools and equipment is the largest segment of the Hardware and Building Supplies Retailing in Australia.
Tools and equipment sales have surged thanks to consumers' increased interest in DIY projects
Industry operators retail hardware and building supplies to households and tradespeople. These retailers stock a range of goods including hardware, timber, tools, paint, plumbing supplies and garden tools. The industry excludes companies that primarily retail garden supplies such as plants, seeds and soil.
Purchase this report to view all 3 major companies in this industry.
ANZSIC 4231 - Hardware and Building Supplies Retailing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Volatile growth in discretionary incomes has constrained consumer spending, hurting the industry. Fluctuating house construction activity and a slump in capital expenditure o...
Learn about an industry's products and services, markets and trends in international trade.
Hardware and building supplies retailers sell hand tools, power tools, timber, building supplies, gardening tools, paint, paint supplies and plumbing supplies. A shift toward...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Hardware and building supplies retailers select store sites based on demographics and consumer demand. That’s why New South Wales, Victoria and Queensland account for the lio...
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.
Hardware retailers compete on product price, the range and quality of stock, customer service and store location. Competition is high for homogeneous products like nuts, scre...
Learn about the performance of the top companies in the industry.
The industry has a low market share concentration. Aside from Bunnings, many smaller scale independent businesses operate in the Hardware and Building Supplies Retailing indu...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Hardware Australia is the leading industry association, providing professional advisory services, education, training, information and research. It advocates for legislative ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Mounting price-based competition has forced smaller retailers to trim their profit margins to remain competitive. The ongoing effects of pandemic-related supply chain disrupt...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia 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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Hardware and Building Supplies Retailing industry in Australia is $26.2bn in 2024.
There are 5,846 businesses in the Hardware and Building Supplies Retailing industry in Australia, which has grown at a CAGR of 1.9 % between 2019 and 2024.
The market size of the Hardware and Building Supplies Retailing industry in Australia has been declining at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Hardware and Building Supplies Retailing industry in Australia is expected to grow.
The biggest companies operating in the Hardware and Building Supplies Retailing market in Australia are Wesfarmers, Metcash and Bowens Timber & Hardware
Timber and Tools and equipment are part of the Hardware and Building Supplies Retailing industry.
The company holding the most market share in Australia is Wesfarmers.
The level of competition is moderate and increasing in the Hardware and Building Supplies Retailing industry in Australia.