$43.2bn
$X.Xbn
130k
8,798
$X.Xbn
Nursery and garden stores have experienced significant highs and lows over the past five years. Rising per capita disposable income and increased private spending on home improvements helped industry revenue stay strong during the pandemic. Meanwhile, individuals aged 35 and younger have expressed increased interest and demand for small plants, like succulents, to enhance the aesthetic of their living spaces. However, as inflation has increased and the number of housing starts has declined, operating costs have grown and commercial demand for plants has declined. As a result, nursery and garden store revenue is expected to decline at a CAGR of 0.1% through the end of 2024. Meanwhile, as operating costs remain high, profit is expected to drop to 4.3%.
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $43.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tractor Supply Company | 8,640.7 | 866.9 | 10.0 |
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Industry revenue is measured across several distinct product and services lines, including Farm and agricultural supplies, Home lawn and garden goods and Tools and equipment . Farm and agricultural supplies is the largest segment of the Nursery & Garden Stores in the US.
Fertilizer is the most commonly sold product under the farm and agricultural supplies
The industry primarily retails 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 like animal feed (excluding pet food). The growing and retailing of nursery stock are included in the Plant and Flower Growing industry (IBISWorld report 11142).
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NAICS 44422 - Nursery & Garden Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The household market has significantly affected nursery and garden stores' revenue growth. Rising per capita disposable income and falling unemployment have supported increas...
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Do-it-yourself boosts demand for tools and equipment like hardware and electrical supplies. Consumers turn to DIY home projects rather than hiring professionals to complete g...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Like most retail industries, the geographic spread of garden stores largely reflects the distribution of the population. Weather conditions, housing density, farm distributio...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Nursery and garden stores are characterized by intense competition and a saturated and fragmented market. Retailers compete based on store location, price, product range and ...
Learn about the performance of the top companies in the industry.
Most retailers are small- to medium-sized companies. Large retailers like Tractor Supply Company can realize significant cost savings because of the economies of scale.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Nursery and garden stores are subject to regulations related to fair trading practices, the environment and trust and labor laws. Many states require plant and nursery vendor...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Individual companies' cost structures can vary greatly. The nature of the industry's various product lines and geographic-specific markets.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Nursery & Garden Stores in the US industry in United States is $43.2bn in 2024.
There are 8,798 businesses in the Nursery & Garden Stores in the US industry in United States, which has declined at a CAGR of 1.5 % between 2019 and 2024.
The market size of the Nursery & Garden Stores in the US industry in United States has been declining at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Nursery & Garden Stores in the US industry in United States is expected to grow.
The biggest company operating in the Nursery & Garden Stores market in United States is Tractor Supply Company
Operating farm supply stores and Operating feed stores (except pet) are part of the Nursery & Garden Stores in the US industry.
The company holding the most market share in United States is Tractor Supply Company.
The level of competition is high and increasing in the Nursery & Garden Stores in the US industry in United States.