Report: Amazon's impact on the hardware industry
New report sees a booming DIY home improvement market turning online for products.
One Click Retail (www.oneclickretail.com) has published an article, called "Tools & Home Improvement: The Amazon Effect" on its website.
Author Nathan Rigby, VP of Sales and Marketing at One Click Retail, writes that the home improvment industry, once dominated by contractors and sub-contractors, in recent years has experienced a major shift toward DIY. Digital toolkits have inspired Do-It-Yourselfers, as anyone can now teach themselves the finer points of home renovations and general repairs on YouTube.
Not only are consumer behaviors shifting rapidly away from hiring professionals to complete home improvements, but these consumers are already going online to learn how to do it themselves.
Amazon.com's share of the American Tools & Home Improvement market is relatively low, but consistent with the retailer's performance in the Grocery and Health Care sectors. For our purposes, the most revealing figure is the growth rate: 35% for Amazon.com, much larger than the U.S. domestic market's total growth of 6%. By maintaining this rate, Amazon is on track to be a significant disruptive force in the Tools & Home Improvement industry.
Click here to access the report. Note: registration is required to download the report.
CONTRACTOR SUPPLY MAGAZINE
The October/November 2024 of Contractor Supply magazine is here!
Our cover story, A Rewarding Passion - Dale Hahs II, third-generation of Denver's AIS Industrial & Construction Supply, is STAFDA's incoming 2025 president.
A Special STAFDA section featuring a welcome address, an agenda, session previewss by presenters and much more. Also in this issue are our Industry Updates on: Lifting, Moving and Material Handling; Lasers, Levels and Measurement; Hand Tools; Cordless Power Tools; Drill Bits and Cutting Tools; and Toolboxes, Bags and Belts.
This digital edition, sponsored by BECK AMERICA Inc., is fully searchable and contains live links to every advertiser and new product listing. Click away!
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