Nursery & Garden Stores in Canada - Industry Market Research Report

Nursery & Garden Stores in Canada - Industry Market Research Report

Nursery & Garden Stores in Canada

The Nursery and Garden Stores industry in Canada has seen its fortunes rise during the COVID-19 pandemic, even as competitive challenges have hammered small retailers. The domestic industry relies on the discretionary purchases of garden tools and supplies to make sales. Throughout the pandemic, growth in per capita disposable income and a sharp rise in free time due to pandemic-era restrictions resulted in a rise in consumer spending on nonessential items sold by the industry like plants and trees. Even as increased external competition from home improvement stores and mass merchandisers, which offer comparable goods at lower prices, hurt the industry, revenue rose sharply in 2020 and 2021. Overall, industry revenue has been increasing at a CAGR of 2.8% over the past five years and is expected to reach $8.5 billion in 2023. This includes a 1.6% increase over the current year.

Operators in the industry are primarily engaged in retailing a broad range of nursery and garden supplies and tools, including gardening and lawn tools, trees, shrubs, plants, seeds, bulbs and sod. The industry does not include operators that focus primarily on wholesaling new or used farm, lawn and garden machinery, as well as equipment and parts (refer to IBISWorld report 41711CA), nor does it include companies primarily engaged in growing and retailing nursery stock (11142CA).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.