Hardware Industry

Overview: Construction market in US is thriving. Mortgage venture argon continuously falling encouraging the first magazine buyers as well as home improvement seekers to bring in and upgrade (1). This provides ample opportunities for the ironw be fabrication to boom. computer ironware economic aid consists of companies that manufacture products such as building material, nails, door openers, furniture etc. The hardware industry production includes Wholesale Cooperatives, post Centers, and Warehouse stores. Customers: The market broadly caters to fol starting timeing types of customers:1.Do it yourself (DIY) customers. 2.Small to medium coat building contractors. 3.Farmers. 4.House wivesMarket size, market growth rate and number of companies: The hardware Market in North America is dominated by two major players, Home Depot has more and then 1500 stores all over the world with reported one-year everlasting(a) gross sales of $71.41 billion for the year 2004. Lo wes, Inc. has 850 stores in ground forces with annual sales of more than $31.17 billion in 2003. The troika major player is TruServ Corporation mostly dealing with hardware?s has 6,800 sell outlets and sales of over 2 billions, succession Ace Hardware boasts of more then 5100 stores world over. (Appendix 1 and 2. 2 - 5) NRHA estimates that industry sales will grow at an average annual rate of 5.2 percent between 2002 and 2007. (6)Competitive disceptation:Most of the raw(a) materials used in the industry are astray available. though two players dominate the market players suggesting an oligopoly there are some small sized operators, which bite into the pie of the market share. thither are numerous customers of hardware, but the costs are usually a large percentage of the final product?s essential costs. Many users shop around the world for low prices on hardware, which they invariably find due to the competition among the companies. intentness profitability: Market is pro fitable with major players gaining significa! ntly. Table No 2... If you urgency to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay