The Farm Supply Stores industry has recorded fairly stable growth over the past five years to 2017. During the period, per capita disposable income has recovered and the industry has benefited from pent-up demand. As a result, industry revenue grew a considerable amount in 2012. However, as revenue in much of the agricultural sector began to fall toward the end of the previous five-year period, income in several rural communities began to fall. Over the five years to 2022, the farm economy will, at first, continue its short-term dip, before resuming its long-term growth trend. While this dip will translate into slightly decreased revenue for farm supply stores over the early part of the next five years, overall industry revenue will remain fairly stable.
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.