Over the five years to 2016, as the economy recovered from the effects of the recession, revenue for the Farm Supply Stores industry increased. Moreover, the industry is expected to continue growing over the next five years. Stable, nondiscretionary products that stores sell will be a major driver of sales over the period, partially stabilizing the negative effects of a slumping agricultural sector. Nevertheless, agricultural industries are expected to stabilize toward the end of the five-year period, again contributing to industry growth. Interest rates are also expected to stay low in the next five years, helping rural consumers access credit to purchase bigger ticket items for home repair or farm and ranch equipment upgrades.
Stores in this industry sell a variety of home improvement, gardening, livestock and crop products. They are consumer-facing rather than farmer-facing and offer a format similar to traditional home improvement stores. Products sold in these outlets range from garden supplies to power tools, animal feed and power generators.
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.