Key Factors Fueling the Growth of the Building Material and Garden Equipment and Supplies Dealers Market in 2025: Positive Economic Growth Expected To Drive Building Materials And Garden Equipment And Supplies Dealers Market
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What is the Anticipated CAGR of the Building Material and Garden Equipment and Supplies Dealers Market, and What Factors Will Drive It?
In recent times, there has been a noticeable surge in the market size of building material and garden equipment and supplies dealers. There is a predicted increase from $1703.64 billion in 2024 to $1844.74 billion in 2025, which signifies a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this growth during the historical period include home improvement undertakings, shifts in economic conditions, variations in seasons, and progress in technology.
The market for building material and garden equipment and supplies dealers is predicted to experience robust growth in the forthcoming years. The projection is that it will expand to $2437.84 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. This growth trajectory over the forecast period is influenced by factors such as the proliferation of sustainable and eco-friendly products, home renovation trends, the advent of smart home and garden technologies, an aging populace, and infrastructure evolution. The forecast period also presents prominent trends.
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What are the Fundamental Drivers and Innovations Shaping the Building Material and Garden Equipment and Supplies Dealers Market?
The market for dealers in building materials and garden equipment and supplies stands to profit from steady economic expansion projected for many established and developing nations. To illustrate, in November 2024, France’s GDP growth year-on-year reached 1.1% for 2024, according to the Belgium-based European Commission, and is likely to surge to 1.4% in 2025. The comeback of commodity prices, following a drop in the historical period, is slated to be a key factor propelling this economic rise. It is anticipated that the US economy will sustain stable growth in the forthcoming period. Moreover, during this time, emerging markets are predicted to grow slightly quicker than developed markets. The boost in economic growth should stimulate public and private investments, encourage joint ventures, and draw in foreign direct investments in the end-user markets, thereby acting as a catalyst for the market throughout the predicted period.
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
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Which Regions Are Driving the Next Phase of the Building Material and Garden Equipment and Supplies Dealers Market Growth?
North America was the largest region in the building material and garden equipment and supplies dealers market in 2023. 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.
What Key Trends Are Shaping the Future of the Building Material and Garden Equipment and Supplies Dealers Market?
The focus of key players in the building materials & garden equipment and supplies dealer market is on the creation of novel solutions such as gardening hand tools. These innovative approaches are aimed at increasing usability, furthering gardening efficiency, and endorsing sustainability. These hand tools for gardening are manually used to do assorted garden tasks like digging, pruning, planting, weeding, and tilling the soil. In an example from April 2023, FELCO, a company from the U.S., introduced a new line of garden tools, specifically structured to boost gardening efficiency and provide comfort. The lineup comprises fundamental tools such as a garden fork, a trowel, a cultivator, a weeder, and a Swiss Hori-Hori; all made with ergonomic designs to minimize strain and featuring high-quality materials for extended durability. Catering to both professional landscapers and hobbyist gardeners, this ingenious line focuses on multifunctionality and user-friendliness to enhance the overall gardening process.
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How Is the Building Material and Garden Equipment and Supplies Dealers Market Defined and What Are Its Core Parameters?
Building materials and garden equipment and supplies dealers are sellers that are engaged in retailing specialized lines of new building materials, such as lumber, fencing, glass, doors, plumbing fixtures and supplies, electrical supplies, prefabricated buildings and kits, and kitchen and bath cabinets and countertops to be installed.
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