Hardware, and plumbing and heating equipment and supplies merchant wholesalers (NAICS 423720) industry trends
The hardware, and plumbing and heating equipment and supplies merchant wholesalers industry includes wholesalers in hardware, plumbing and heating equipment and supplies, warm air heating and air-conditioning equipment and supplies and refrigeration equipment and supplies. Hardware merchant wholesalers sell hardware, knives or hand tools. Examples of hardware merchant wholesalers include cutlery merchant wholesalers, staples merchant wholesalers and power hand tools (e.g. drills, saws, sanders) merchant wholesalers. Plumbing and heating equipment and supplies merchant wholesalers sell plumbing equipment, hydronic heating equipment, household water heaters and related supplies. Warm air heating and air-conditioning equipment and supplies merchant wholesalers include air pollution control equipment and supplies merchant wholesalers and warm air central heating equipment merchant wholesalers. Refrigeration equipment and supplies merchant wholesalers include water coolers merchant wholesalers, cold storage machinery merchant wholesalers and commercial refrigerators merchant wholesalers.
The Census Bureau’s most recent data indicates that there are approximately 20,707 firms within this industry. The majority of contractors within this industry are plumbing equipment merchant wholesalers.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 16.90 percent. During this time, the average gross profit margin was 30.94 percent.
The graph below shows business statistics for the average company in the hardware, and plumbing and heating equipment and supplies merchant wholesalers industry.
