Building Material and Garden Equipment and Supplies Dealers Global Market Report 2024

The building material and garden equipment and supplies dealers market size has grown strongly in recent years. It will grow from $1,548.38 billion in 2023 to $1,671.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historical period can be attributed to factors such as home improvement projects, economic conditions, seasonal variations, and 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 $2,228.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecasted period can be attributed to factors such as sustainable and eco-friendly products, home renovation trends, smart home and garden technology, an aging population, and infrastructure development.

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. As reported by the International Monetary Fund (IMF), global GDP growth stood at 3.3% in 2020 and 3.4% in 2021. 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.

The primary categories of building materials and garden equipment and supplies dealers include dealers specializing in building materials and supplies and stores focused on lawn and garden equipment and related products. The ownership structures in this industry comprise retail chains and independent retailers, and they may operate different types of stores, including exclusive showrooms and inclusive dealer stores.

The building material and garden equipment and supplies dealers market research report is one of a series of new reports 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.

The increased home improvement spending is expected to drive the building material and garden equipment and supplies dealers market in the foreseeable future. Home improvement entails projects or alterations undertaken to enhance the functionality, aesthetics, or value of a residential property. Building material and garden equipment and supplies dealers offer a wide range of materials, equipment, and supplies used in construction, home improvement, and gardening endeavors. For example, in January 2023, based on information from the Joint Center for Housing Centers of Harvard University (JCHS), a US-based research center specializing in housing issues, home improvement spending in the United States for remodeling and repairs increased to $472 billion in 2022, with further projections indicating it will reach $485 billion in 2023. Thus, the rising expenditure on home improvement is a driving force behind the building material and garden equipment and supplies dealers' market.

The outbreak of COVID-19 disease (COVID-19) had a significant negative impact on the building materials and garden equipment and supplies market in 2020. This impact was primarily due to disruptions in supply chains caused by trade restrictions and reduced consumption resulting from government-imposed lockdowns worldwide. COVID-19 is an infectious disease characterized by symptoms such as fever, cough, and breathing difficulties, initially identified in 2019 in Wuhan, Hubei province, China. The virus rapidly spread across the globe, affecting regions in Western Europe, North America, and Asia. National governments took measures to contain the virus, leading to reduced production and trade in non-essential goods and an overall economic downturn, with many countries implementing lockdowns. However, it is anticipated that the building materials and garden equipment and supplies dealers market will gradually recover during the forecast period, as this pandemic is considered a rare and unforeseen event, not indicative of underlying or structural issues in the market or the global economy.

The growing awareness of environmental pollution is driving increased demand for green building materials. These materials are sustainable, have a low carbon footprint, and contribute to reducing exposure to toxic chemicals in residential and commercial spaces. They are also known for their moisture resistance, energy efficiency, low maintenance requirements, and minimal production waste. As environmental concerns rise, the construction industry is incorporating organic architecture and biodegradable materials into home and commercial space design. Consumers are now seeking safer and more environmentally friendly products. For example, American consumers are increasingly choosing sustainable building materials that are locally produced, refurbished, or remanufactured, and are resilient to natural disasters.

Leading companies in the building materials and garden equipment and supplies market are introducing cost-effective alternatives like Pastacrete ResCP to revolutionize traditional building materials and boost their market share. Pastacrete ResCP is an eco-friendly and affordable substitute for conventional construction materials like concrete and steel. As an example, in May 2023, Buro Happold, a UK-based professional services firm, unveiled Pastacrete ResCP, an economical and sustainable building material crafted from readily available bio-based components. Engineered as an eco-conscious replacement for concrete and steel, it offers benefits such as a reduced carbon footprint, recyclability, and excellent insulation properties.

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.

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.

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

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.

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.

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