Hardware & Building Materials - New Zealand

In New Zealand, the Hardware & Building Materials market generates a revenue of NZ US$8.04bn in 2024.
It is projected to experience an annual growth rate of 2.35% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market segment, amounting to CN¥US$525bn in 2024.
In terms of per capita figures, each person in New Zealand generates revenues of NZ US$1.53k in 2024.
New Zealand's Hardware & Building Materials market is experiencing a surge in demand due to the country's booming construction industry.

Definition:

The Hardware & Building Materials segment includes a diverse range of products that play an important role in the structure, safety, and functionality of a building. In terms of hardware, this includes various items relating to doors, cabinets, floors, and garage accessories. Also included in this category are products related to home safety and security. Building materials cover products related to key components of home improvement such as doors, walls, ceilings, and windows, as well as concrete, cement, and masonry.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. This segment does not include floor covering, which is shown separately in the Floor Covering segment of the DIY market. For more information on the displayed data, click the info button on the right hand side of each box.

Hardware
Building supplies

Hardware services
Construction activities

In New Zealand, the DIY & Hardware Store Market is experiencing negligible growth, influenced by factors such as the slow adoption of digital technologies, low consumer health awareness, and limited convenience in online services.

Customer preferences: The Hardware & Building Materials Market within the DIY & Hardware Store Market in New Zealand has seen a rise in demand for eco-friendly and sustainable products, with consumers becoming more conscious of their environmental impact. This shift is driven by a growing awareness of climate change and the importance of preserving natural resources. As a result, there has been an increase in the sale of environmentally-friendly building materials, such as recycled wood and energy-efficient appliances. This trend is expected to continue as consumers prioritize products that align with their values and contribute to a greener future.

Trends in the market: In New Zealand, the Hardware & Building Materials Market within the DIY & Hardware Store Market is experiencing a surge in e-commerce sales, driven by the increasing adoption of online shopping and the convenience it offers. This trend is expected to continue, with industry players investing in digital platforms to enhance their online presence and cater to changing consumer preferences. Additionally, there is a growing demand for sustainable and eco-friendly products in this market, as consumers become more conscious of their environmental impact. This has led to the development of green building materials and the adoption of sustainable practices among retailers, which is projected to further shape the market landscape.

Local special circumstances: In New Zealand, the Hardware & Building Materials Market within the DIY & Hardware Store Market is heavily influenced by the country's unique geographical location. The demand for sustainable and eco-friendly building materials is on the rise, driven by the country's commitment to reduce carbon emissions. Additionally, the country's strict building regulations and codes also play a significant role in shaping the market dynamics. Furthermore, the New Zealand government's focus on promoting energy-efficient and earthquake-resistant building practices has led to the emergence of innovative building materials and methods.

Underlying macroeconomic factors: The Hardware & Building Materials Market within the DIY & Hardware Store Market in New Zealand is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The country's strong economic growth, stable political climate, and favorable regulatory environment have resulted in a robust market for hardware and building materials. In addition, the growing construction industry and infrastructure developments in New Zealand are also driving the demand for these products, making the country an attractive market for foreign investors. However, trade tensions and fluctuations in currency exchange rates could potentially impact market performance in this highly globalized industry.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

For those who want to start a do-it-yourself project to improve their home or give it a new style, the Home Depot might be considered a shopping paradise. Whether consumers prefer to buy in-store or online, the Home Depot offers a wide range of products such as appliances, building materials, hardware, indoor garden furniture, paint, kitchen, and bath decorating items, among other important products for home improvement projects. With stores across North America, the company is the leading DIY and home improvement chain in the United States and Canada. By the end of the fiscal year 2023, Home Depot had generated over 152 billion U.S. dollars in revenue, and its revenue in the previous year placed it as the home improvement leader worldwide.