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Nursery & Garden Stores in the US - Industry Market Research Report

  • July 2017
  • 32 pages
  • Ibisworld
Report ID: 198907

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In bloom: Despite external competition, operators will expand services to capture demand

Abstract

Nursery & Garden Stores in the US



Over the past five years, the Nursery and Garden stores industry has experienced a blossoming recovery. The industry retails a wide range of plants, seeds, bulbs and gardening tools and equipment to households, businesses and the farming community. The strengthening consumer segment has been largely responsible for the industry’s recovery, with per capita disposable income and consumer confidence steadily increasing over the period. While heightened external competition and the lingering effects of the recession pushed some operators out of the industry, the remaining stores have largely been able to overcome the competitive environment. As a result, over past five years, industry revenue is expected to increase. External competition has been a looming threat for the industry over the past five years. Big-box stores such as Home Depot and Orchard Supply Hardware have absorbed a large portion of demand for industry products. These stores are able to offer lower prices and a one-stop-shop format.

Over the next five years, the industry is expected to continue its upward climb as the economy strengthens.

However, revenue growth is expected to be more modest than the previous five-year period as the competitive environment heats up. Despite these difficulties, the industry is expected to grow from rising popularity of ecofriendly products and gardening methods.

Stores in this industry primarily retail a broad range of nursery and garden products, including trees, shrubs, plants, seeds, bulbs and sod to households and the farming community. This industry also includes stores that retail farm supplies such as animal feed (excluding pet food). The growing and retailing of nursery stock is included in the Plant and Flower Growing industry (IBISWorld report 11142).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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