Nursery & Garden Stores in the US
Over the past five years, the Nursery and Garden Stores industry has experienced blossoming growth. The industry retails a wide range of plants, seeds, bulbs and gardening tools and equipment to households, businesses and the farming community. The strengthening consumer segment has been largely responsible for the industry's strong performance, with per capita disposable income and consumer confidence steadily increasing during the five-year period. External competition has been a looming threat for the industry over the past five years. Big-box stores such as Home Depot and Lowe's have absorbed a large portion of demand for industry products. These stores are able to offer lower prices and a one-stop shop format. Over the next five years, the industry is expected to continue its upward climb as economic conditions are forecast to remain stable. However, revenue growth is expected to be more modest than the current five-year period as the competitive environment heats up.
Stores in this industry primarily retail a broad range of nursery and garden products, including trees, shrubs, plants, seeds, bulbs and sod to households and the farming community. This industry also includes stores that retail farm supplies such as animal feed (excluding pet food). The growing and retailing of nursery stock is included in the Plant and Flower Growing industry (IBISWorld report 11142).
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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