Building Material and Garden Equipment and Supplies Dealers Market
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Building Material and Garden Equipment and Supplies Dealers Market Size Growth Forecast: What to Expect by 2025?
The market size of building material and garden equipment and supplies dealers has seen robust growth in the recent past. The market is projected to expand from $1711.61 billion in 2024 to a projected $1832.38 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.1%. Factors such as home enhancement initiatives, current economic circumstances, cyclical discrepancies, and technological progress have significantly contributed to the growth during the historic period.
How Will the Building Material and Garden Equipment and Supplies Dealers Market Size Evolve and Grow by 2029?
Expectations for the building material and garden equipment and supplies dealers market size to demonstrate robust growth in the coming years are high. The market is projected to expand to $2418.03 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. Factors influencing this growth during the forecast period include the increasing adoption of sustainable and eco-friendly products, home renovation tendencies, advancements in smart home and garden technology, the maturing population, and infrastructure development. Key trends during this forecast period will also be important to note.
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What Drivers Are Propelling the Growth of Building Material and Garden Equipment and Supplies Dealers Market Forward?
The consistent economic growth predicted for a number of developed and developing nations is poised to profit the market of building materials and garden equipment and supplies dealers. As an illustration, France’s annual GDP growth clocked in at 1.1% in 2024 according to the Belgium-based European Commission in November 2024 and is projected to elevate to 1.4% in 2025. Economic expansion is expected to be significantly driven by the recovery of commodity prices, which had seen a decline in previous periods. Stable growth is forecasted for the US economy in the upcoming period. Moreover, emerging markets are projected to outpace developed markets in growth rate during this phase. This boost in economic growth is anticipated to catalyze both public and private investments, lead to collaborations, and draw foreign direct investments to the final consumer markets, thus stimulating the market in the predicted period.
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Which Emerging Trends Are Transforming the Building Material and Garden Equipment and Supplies Dealers Market in 2025?
Leading organizations in the building materials and garden equipment and supplies dealer market are concentrating on creating innovative solutions including inventive gardening hand tools. These aim to increase user comfort, enhance gardening productivity, and foster sustainability. Gardening hand tools include manually operated items utilized for different gardening tasks like digging, pruning, planting, weeding, and soil cultivation. For instance, FELCO, a company based in the US, introduced a new series of garden tools in April 2023. These tools have been designed to boost gardening efficiency and comfort. The series includes essential tools such as a trowel, cultivator, weeder, garden fork, and a Swiss Hori-Hori. All these tools have been designed ergonomically to decrease strain and are made from premium quality materials for longevity. Targeted at professional landscapers as well as gardening aficionados, this novel series focuses on flexibility and user-friendly aspects to improve the comprehensive gardening experience.
What Are the Key Segments in the Building Material and Garden Equipment and Supplies Dealers Market?
The building material and garden equipment and supplies dealersmarket covered in this report is segmented –
1) By Type: Building Material And Supplies Dealers, Lawn And Garden Equipment And Supplies Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By Type of Store: Exclusive Retailers Or Showroom, Inclusive Retailers Or Dealer Store
Subsegments:
1) By Building Material And Supplies Dealers: Lumber And Other Building Materials Dealers, Paint And Wallpaper Stores, Glass And Glazing Contractors, Concrete And Cement Dealers, Roofing, Siding, And Insulation Materials Dealers, Other Building Material And Supplies Dealers
2) By Lawn And Garden Equipment And Supplies Stores: Lawn And Garden Equipment Dealers, Nursery, Garden Center, And Farm Supply Stores, Other Lawn And Garden Equipment And Supplies Stores
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Who Are the Key Players Shaping the Building Material and Garden Equipment and Supplies Dealers Market’s Competitive Landscape?
Major companies operating in the building material and garden equipment and supplies dealers market include The Home Depot Inc., Lowe’s Companies Inc., Wesfarmers Limited, Falabella SA, Rewe Group, Steinhoff International Holdings NV, Ace Hardware Corporation, Beijing Easyhome Investment Holding Group Co. Ltd., Menard Inc., Builders FirstSource Inc., Building Materials Holding Corporation, Beacon Roofing Supply Inc., ABC Supply Co. Inc., 84 Lumber Company, Allied Building Products Corp., Fastenal Company, Ferguson Enterprises LLC, HD Supply Holdings Inc., Watsco Inc., GMS Inc., L&W Supply Corporation, US LBM Holdings Inc., BlueLinx Holdings Inc., Beacon Roofing Supply Canada Company, SRS Distribution Inc., Foundation Building Materials Inc., SiteOne Landscape Supply Inc., Pool Corporation, Tractor Supply Company, Rural King Supply Inc., At Home Group Inc., Floor & Decor Holdings Inc., Sherwin Williams Company, PPG Industries Inc., The Scotts Miracle Gro Company, Central Garden & Pet Company.
What Geographic Markets Are Powering Growth in the Building Material and Garden Equipment and Supplies Dealers Market?
North America was the largest region in the building material and garden equipment and supplies dealers market in 2024. Asia-Pacific was the second-largest region in the building material and garden equipment and supplies dealers market. The regions covered in the building material and garden equipment and supplies dealers’ market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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