Hardware Wholesale

The Tool and Hardware Wholesaling industry distributes a range of hardware products, including hand tools, power tools and fasteners, to retailers and other wholesalers and to businesses for end use. Industry products are distributed and used by businesses in the construction and manufacturing industries and for home improvement projects. Therefore, demand for industry services depends on the level of consumer spending, construction activity and the strength of manufacturing industries. Over the majority of the five years to 2022, consumer spending and construction activity increased, supporting downstream demand, and therefore, industry revenue growth. Consequently, industry revenue is expected to increase an annualized 2.6% to $85.3 billion over the five years to 2022, including an increase of 2.6% in 2022 alone.