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Hardware Stores in New Mexico

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NM44413

Hardware Stores in New Mexico industry analysis

The Hardware Stores industry in New Mexico is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to decrease an annualized -x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Hardware Stores in New Mexico Market Research Report

What’s Included in the Hardware Stores in New Mexico Market Research Report

Definition of the Hardware Stores in New Mexico?

Companies in this industry primarily retail a broad range of new home renovation equipment and supplies at brick-and-mortar stores and online platforms. Hardware, plumbing, electrical and paint-related tools are the most commonly stocked goods.

What’s included in the Hardware Stores in New Mexico?

The Hardware Stores in New Mexico includes hardware, plumbing fixtures and supplies, electrical supplies, hand tools and equipment, power tools and equipment, dimensional lumber and other building materials and supplies and paint and sundries. Related terms covered in the Hardware Stores in New Mexico industry report includes a retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products, a category of customers who complete tasks and projects on their own that would generally be outsourced to a business or service provider, such as home renovations, a category of customers who typically purchase materials themselves and hire third parties or professionals to complete the projects, the transmission of electronic documents between businesses from one computer system to another, a jointly owned, vertically integrated organization that produces and distributes goods for the benefit of the owners, a business that is owned and operated in a single location with few or no employees other than the owner or owners and a system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.

Industry Performance of the Hardware Stores industry in New Mexico

Benchmark the Hardware Stores in New Mexico industry performance with all NM county and national performance.

Hardware Stores in New Mexico

#42 in Highest Revenue 0.5% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Hardware Stores in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Hardware Stores industry in New Mexico

See how key industry drivers, such as population, median houshold income, per capita disposable income, per capita disposable income, private spending on home improvements and number of households are impacting Hardware Stores in New Mexico

New Mexico Economic Indicators

Population
Median Houshold Income
Per Capita Disposable Income

View more economic information in NM State Economic profile

US Key External Drivers

Per capita disposable income
Private spending on home improvements
Number of households

For the full list of industry drivers, see report purchase options.

County Data of the Hardware Stores industry in New Mexico

Access proprietary data on county in the Hardware Stores in New Mexico, such as Bernalillo County, Eddy County and Dona Ana County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Hardware Stores industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Hardware Stores industry in New Mexico in 2025?

The market size of the Hardware Stores industry in New Mexico is $206.7m in 2025.

How many businesses are there in the Hardware Stores industry in New Mexico in 2025?

There are 108 businesses in the Hardware Stores industry in New Mexico, which has been declining at an average annual rate of -0.4% from 2020 to 2025.

Has the Hardware Stores industry in New Mexico grown or declined over the past 5 years?

The market size of the Hardware Stores industry in New Mexico has been growing at an average annual rate of 0.2% from 2020 to 2025.

How many employees in the Hardware Stores industry in New Mexico in 2025?

There are 761 employees in the Hardware Stores industry in New Mexico, which has been growing at an average annual rate of 0.6% from 2020 to 2025.