Amazon is expected to have crossed $119 billion in U.S. e-commerce sales last year, but Walmart was the fastest grower at nearly 45%, according to Internet Retailer projections.
The online hardware and home improvement industry grew 23.3% to $40.26 billion in 2017. Total retail sales in the category, which include sales online, in stores and via catalogs, grew 7.1% to $435.41 billion in 2017. E-commerce represented 9.2% of total hardware and home improvement retail sales in 2017, up from 8.0% last year.
Amazon makes Washington the No. 1 state in web sales. Arkansas and Minnesota also make the top 10 thanks to large online retailers, but California's many smaller firms give it the No. 2 spot.
An analysis of the 150 largest hardware and home improvement retailers shows the market grew 23% in 2017 to $40.26 billion. E-commerce now accounts for 9.2% of total retail sales in the category, up from 3.9% in 2012. Here's an in-depth analysis of the state of the market and how the economic environment, such as new home sales and construction starts, will impact the hardware and home improvement industry in the coming years.
Many of the largest online retailers sell on marketplaces to grow e-commerce sales. Here's the percentage of Internet Retailer's Top 1000 that sells on seven of the largest online marketplaces.
