Overview and Scope
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.
Sizing and Forecast
The building material and garden equipment and supplies dealers market size has grown strongly in recent years. It will grow from <b>$1548.38 billion in 2023 to $1671.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. </b> The growth in the historic period can be attributed to home improvement projects, economic conditions, seasonal variations, technological advancements.
The building material and garden equipment and supplies dealers market size is expected to see strong growth in the next few years. It will grow to <b>$2228.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. </b> The growth in the forecast period can be attributed to sustainable and eco-friendly products, home renovation trends, smart home and garden technology, aging population, infrastructure development. Major trends in the forecast period include
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Segmentation & Regional Insights
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/Showroom, Inclusive Retailers/Dealer Store
<b>North America</b> 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.
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Major Driver Impacting Market Growth
The building materials and garden equipment and supplies dealers market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to International Monetary Fund (IMF), the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.
Key Industry Players
Major companies operating in the building material and garden equipment and supplies dealers market include <b> 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.</b>
The building material and garden equipment and supplies dealers market report table of contents includes:
1. Executive Summary
2. Building Material and Garden Equipment and Supplies Dealers Market Characteristics
3. Building Material and Garden Equipment and Supplies Dealers Product/Service Analysis -Product/Service Examples
4. Building Material and Garden Equipment and Supplies Dealers Market Trends And Strategies
5. Building Material and Garden Equipment and Supplies Dealers Market – Macro Economic Scenario
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26. Germany Building Material and Garden Equipment and Supplies Dealers Market
27. France Building Material and Garden Equipment and Supplies Dealers Market
28. Italy Building Material and Garden Equipment and Supplies Dealers Market
29. Spain Building Material and Garden Equipment and Supplies Dealers Market
30. Austria Building Material and Garden Equipment and Supplies Dealers Market
Top Major Players:
- The Home Depot Inc
- Lowe’s Companies Inc
- Wesfarmers Limited
- Falabella SA
- Rewe Group
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