The Nursery and Garden Stores industry in Canada has held its ground through difficult conditions over the five years to 2017. Overall, industry sales of nursery and garden products have increased over the five years to 2017. Due to high levels of external competition, industry operators have had to take a variety of measures to differentiate themselves. Such strategies include hiring more experienced workers as well as expanding niche product offerings, which generally earn higher margins. As a result of these efforts, as well as increased consumer spending, industry profit increased in 2017. Over the five years to 2022, the industry is forecast to continue its slow growth. Nursery and garden stores will continue to grapple with rising competition from home improvement stores and mass merchandisers, both of which offer a one-stop shopping environment that is more appealing to the time-strapped consumer. Consequently, over the five years to 2022, industry revenue is expected to increase at a slightly slower rate.
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 (see IBISWorld report 41711CA), nor does it include companies primarily engaged in growing and retailing nursery stock (see 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.