Nursery & Garden Stores in Canada
The Nursery and Garden Stores industry in Canada has benefited from favourable conditions over the five years to 2018. The industry, which relies on discretionary purchases of garden tools and supplies, has been encouraged by healthy growth in per capita disposable income and declining levels of unemployment, despite increased external competition from home improvement stores and mass merchandisers offering comparable goods at lower prices. Consumers are increasingly shifting toward one-stop shopping. With many mass merchandisers adding nursery and garden items to their product lines, in addition to being able to offer lower-priced goods due to their economies of scale, industry operators are increasingly being left with fully stocked inventories. However, many industry operators have growing revenue because they concentrate on niche markets. Over the five years to 2023, the industry is forecast to continue its growth.
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 (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.
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