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Link to original content: http://www.statista.com/study/146142/hardware-and-building-materials-market-data-and-analysis/
Hardware & Building Materials: market data & analysis | Statista

Hardware & Building Materials: market data & analysis

Market Insights report

Hardware & Building Materials: market data & analysis

Revenue in the Hardware & Building Materials market amounts to US$1.71tn in 2023. The market is expected to grow annually by 2.2% (CAGR 2018-2029). In global comparison, most revenue is generated in China (US$514.00bn in 2023). In relation to total population figures, per person revenues of US$222.30 are generated in 2023. This report is part of the Consumer Market Insights series.


What's included?

  • Segment Overview
  • Regional comparison between Asia, Africa, Americas, Europe and Australia & Oceania
  • Country level comparison between France, Germany, China, USA and UK

Table of contents

This report from the series of Consumer Market Insights reports provides an in-depth overview of the Hardware & Building Materials market, a critical segment within the global DIY and hardware store sector. The Hardware & Building Materials segment includes a diverse range of products essential for the structure, safety, and functionality of buildings. It covers hardware items related to doors, cabinets, floors, and garage accessories, as well as home safety and security products. Building materials encompass key components of home improvement, such as doors, walls, ceilings, windows, concrete, cement, and masonry.
The market includes revenue and average revenue per capita data, considering only B2C (business-to-consumer) sales, excluding B2B (business-to-business) sales. Floor covering is treated separately within the Floor Covering segment of the DIY market.
Although growth in the Hardware & Building Materials market has been minimal due to declining consumer spending and limited innovation, the market is still expanding due to the increasing demand for eco-friendly and sustainable products. As environmental awareness grows, consumers are gravitating toward healthier, toxin-free materials, prompting retailers to offer energy-efficient appliances and non-toxic building solutions. This trend has also fueled interest in DIY projects, allowing individuals to personalize their homes with environmentally-friendly solutions.
Sustainability has become a significant trend in the market, with consumers willing to pay premium prices for recycled or energy-efficient materials. This trend is expected to continue as environmental concerns and government regulations promoting sustainability increase. Industry players that focus on eco-friendly products will gain a competitive edge. Local factors heavily influence the Hardware & Building Materials market. For instance, rapid urbanization in Southeast Asia drives demand for affordable construction materials, while strict environmental regulations in Europe fuel the need for sustainable materials like energy-efficient insulation. Broader macroeconomic factors, including economic stability and construction activity, also shape market dynamics.

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