How Is The Building Material and Garden Equipment and Supplies Dealers Market Segmented?
The building material and garden equipment and supplies dealers market 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
What Is Driving The Building Material and Garden Equipment and Supplies Dealers Market? Positive Economic Growth Expected To Drive Building Materials And Garden Equipment And Supplies Dealers Market
The building materials and garden equipment and supplies dealers market is anticipated to benefit from the consistent economic growth predicted for numerous developed and developing countries. For example, in November 2024, according to the European Commission, a Belgium-based governing body, France's year-on-year GDP growth reached 1.1% in 2024 and is expected to rise to 1.4% in 2025. The recovery of commodity prices, following a decline in the historic period, is expected to be a significant factor propelling economic growth. The US economy is projected to maintain stable growth in the forecasted period. Furthermore, emerging markets are anticipated to continue growing slightly faster than developed markets during this period. This heightened economic growth is likely to stimulate public and private investments, foster joint ventures, and attract foreign direct investments in the end-user markets, thereby driving the market during the forecast period.
What Is Driving The Building Material and Garden Equipment and Supplies Dealers Market? Rising Home Improvement Spending Fuels Growth In Building Material And Garden Equipment And Supplies Dealers Market
The increased home improvement spending is expected to propel building material and garden equipment and supplies dealers market going forward. Home improvement refers to projects or modifications undertaken to enhance the functionality, aesthetics, or value of a residential property. Building material and garden equipment and supplies dealers sell a range of materials, equipment, and supplies used in construction, home improvement, and gardening projects. For instance, in January 2023, according to the Joint Center for Housing Centers of Harvard University (JCHS), a US-based research center dedicated to examining housing issues, the US home improvement project for remodeling and repairs spending increased to $472 billion in 2022, with a further projection to reach $485 billion in 2023. Therefore, the increasing home improvement spending is driving the building material and garden equipment and supplies dealer’s market.
Who Are The Major Players In The Global Building Material and Garden Equipment and Supplies Dealers Market?
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 Are The Key Trends Of The Global Building Material and Garden Equipment and Supplies Dealers Market? Innovative Gardening Hand Tools Enhancing Efficiency and Sustainability
Major companies operating in the building materials and garden equipment and supplies dealer market are focusing on developing innovative solutions, such as gardening hand tools, to enhance user convenience, improve gardening efficiency, and promote sustainability. Gardening hand tools refer to manually operated tools used for various gardening tasks such as digging, pruning, planting, weeding, and soil cultivation. For instance, in April 2023, FELCO, a US-based company, launched a new range of garden tools designed to enhance gardening efficiency and comfort. The collection features essential tools such as a trowel, cultivator, weeder, garden fork, and a Swiss Hori-Hori, all crafted with ergonomic designs for reduced strain and made from high-quality materials for durability. Aimed at both professional landscapers and gardening enthusiasts, this innovative range emphasizes versatility and user-friendly features to improve the overall gardening experience.
What Are The Key Trends Of The Global Building Material and Garden Equipment and Supplies Dealers Market? Introduction Of Affordable Elements To Provide A Sustainable Alternative
Major companies operating in building materials and garden equipment and supplies dealer are introducing affordable materials such as PastacreteResCP to transform traditional building materials and increase their revenue in the market. PastacreteResCP refers to an eco-friendly and affordable substitute for conventional building materials such as concrete and steel. For instance, in May 2023, Buro Happold, a UK-based professional services company, launched PastacreteResCP, an affordable, eco-friendly building material made from readily available bio-based elements. Designed as a sustainable replacement for concrete and steel, it boasts a reduced carbon footprint, recyclability, and excellent insulation properties.
Regional Outlook For The Global 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.
The countries covered in the building material and garden equipment and supplies dealers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Building Material and Garden Equipment and Supplies Dealers Market?
The building materials and garden equipment and supplies dealers market includes revenues earned by entities by providing services through producers and wholesale distributors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Building Material and Garden Equipment and Supplies Dealers Industry?
The building material and garden equipment and supplies dealers market research report is one of a series of new reports from The Business Research Company that provides building material and garden equipment and supplies dealers market statistics, including building material and garden equipment and supplies dealers industry global market size, regional shares, competitors with a building material and garden equipment and supplies dealers market share, detailed building material and garden equipment and supplies dealers market segments, market trends and opportunities, and any further data you may need to thrive in the building material and garden equipment and supplies dealers industry. These building materials and garden equipment and supplies dealer’s market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
