Over the past five years, the industry has reeled as a result of sluggish per capita disposable income growth and low consumer confidence. Also, external competition from home improvement stores and mass merchandisers offering the same goods at lower prices has seriously hampered industry sales. Moving forward, per capita disposable income will grow, although less leisure time will force consumers to actively choose to garden over performing other activities. Consumers are also expected to continue shopping on a budget, specifically for discretionary items, which are largely substitutable.
Operators in this industry are primarily engaged in retailing a broad range of nursery and garden supplies and tools, including gardening and lawn tools, trees, shrubs, plants, seeds, bulbs and sod. The industry does not include operators that focus primarily on wholesaling new or used farm, lawn and garden machinery, equipment and parts (IBISWorld report 41711CA), nor does it include establishments primarily engaged in growing and retailing nursery stock (IBISWorld report 11142CA).
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.