Best Hardware Store Location in Phnom Penh
Marketlyzer calculates a 73/100 opportunity score for hardware stores in Phnom Penh, supported by very high competition and $1,750 average income, plus a 82/100 foot traffic index.
With a startup-to-income ratio of 151.4:1, Phnom Penh requires efficient operations to maximize Hardware Store profitability
Hardware Store Opportunity Score
Data-driven potential for success in Phnom Penh based on 7 key market factors
Market Opportunity
Based on 7 comprehensive market factors
Financial Overview
Phnom Penh Hardware Store Insights
Data-driven analysis unique to this market combination
Market Position Analysis
Unique positioning insights for Phnom Penh
With a startup-to-income ratio of 151.4:1, Phnom Penh requires efficient operations to maximize Hardware Store profitability
exceptional customer density of 142,562 residents per commercial dollar provides natural demand
The competitive Hardware Store market in Phnom Penh favors established concepts, with 82 foot traffic index
Combining Cambodia's 5.5% business growth with Phnom Penh's very high expansion trajectory creates 8.2% projected market expansion for new Hardware Stores
Competitive Market Position
How Phnom Penh ranks nationally for hardware stores
With a 73.3/100 opportunity score, Phnom Penh outperforms 75% of comparable markets for Hardware Store ventures
Above-average foot traffic (82 index) creates consistent customer flow for street-level Hardware Store locations
Strategic Recommendations
Actionable strategies tailored for Phnom Penh
⏰ Market entry timing: Phnom Penh's Very High growth trajectory suggests immediate market entry to capture first-mover advantage before competition saturates
💰 Pricing strategy: $1,750 average income indicates value-focused positioning - volume over margin approach recommended for Phnom Penh Hardware Stores
📢 Marketing focus: Moderate foot traffic requires proactive customer acquisition - allocate 8-12% of revenue to digital marketing in Phnom Penh
🔄 Expansion runway: 2,281,000 market supports 2-3 locations - establish proof of concept before multi-unit expansion in Phnom Penh
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Good - Favorable Window
Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.
- 🚀 Very high growth trajectory - first-mover advantage available
- 🔥 High competition - differentiation critical
- 🚶 Good foot traffic (82) - organic visibility
Seasonal Levers
- Spring home projects
- Summer outdoor work
- Fall winterization
Hardware Store Market Analysis for Phnom Penh
Why Phnom Penh for Hardware Stores?
- Metro population of 2,281,000 provides large customer base
- Average income of $1,750 supports hardware store spending
- Very High business density indicates healthy economic activity
- Strong homeowner density opportunities throughout the city
- Strong demographics opportunities throughout the city
Hardware Store Success Factors
Seasonal Considerations for Phnom Penh
Spring home projects
Summer outdoor work
Fall winterization
Best Phnom Penh Neighborhoods for Hardware Stores
Data-driven analysis of optimal areas based on hardware store success factors
Downtown Phnom Penh
High PotentialBusiness District
Strong WeekdaySuburban Areas
Growth AreaPhnom Penh vs Other Cambodia Cities for Hardware Stores
| City | Population | Avg Income | Market Score | Action |
|---|---|---|---|---|
| Phnom Penh ⭐ | 2,281,000 | $1,750 |
|
Current City |
Hardware Store FAQs for Phnom Penh
Why is now the right time to open in Phnom Penh?
With a 73.3/100 opportunity score, Phnom Penh outperforms 75% of comparable markets for Hardware Store ventures Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.
Which customers convert best?
2% of households earn $75k+, sustaining premium spend for hardware stores
What should my first location focus on?
⏰ Market entry timing: Phnom Penh's Very High growth trajectory suggests immediate market entry to capture first-mover advantage before competition saturates
How do local conditions impact operations?
Spring home projects
Ready to Open Your Hardware Store in Phnom Penh?
Good - Favorable Window with a 73/100 opportunity score, very high competition, and a 82/100 foot traffic index. Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.