The Home Improvement & Gardening Products segment in United States of America registered Market value of USD 605,201.37 Millions in 2024
The indicator recorded a historical growth (CAGR) of 0.07% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
The Market value of Home Improvement & Gardening Products Segment in the United States of America (2018 - 2026, USD Millions)
Home Improvement & Gardening Products Segment in the United States
The United States home improvement & gardening retail market grew by a significant share in 2020 and is expected to continue the same growth for the next four years.
The research study defines as "Home Improvement and Gardening Supplies Specialists" Retail stores where home improvement tools and materials and gardening supplies, decorations, buildings, and equipment are the main footfall drivers and account for the majority of sales. Channel values exclude any trade sales.
The US home and garden products retail market experienced healthy growth in the historic period. Growth in the market surged in 2020, benefiting as consumers took the opportunity to make home improvements as they spent more time at home during the pandemic. The market is expected to decelerate over the forecast period, but moderate growth is anticipated overall. In contrast to many retail sectors, the home and garden product retail market has actually benefited from the impact of the COVID-19 pandemic. After the first coronavirus case was recorded in the US in early 2020, the majority of US states responded by implementing lockdown measures. This meant that consumers were unable to leave the house, except for essential reasons, and had to work from home where possible.
Competitive landscape
The home and garden product retail market in the US is growing fairly strongly for a mature market in an advanced economy. The competitive landscape is dominated by large domestic retailers who leverage their significant financial muscle, broad product offering, and loyal customer base to boost sales. The market has also benefited from a surge in 2020 as consumers took COVID-19 stay-at-home measures as an opportunity to make home improvements. However, as consumer demand for online shopping grows, online pureplay retailers like Wayfair have also experienced strong sales growth and pose a rising threat to more established players in the market.
Category segmentation
Home improvement & gardening products are categorized into two major segments - Gardening and outdoor living and Home improvement.
Gardening and outdoor living: Includes garden buildings, manual and electric garden tools, garden utensils, outdoor living products (garden furniture, barbecues, ornaments), and plants and growing media (compost, domestic fertilizer, flowering plants, seeds, shrubs, and trees).
Home improvement: Includes decorating materials (paint, varnish, wall tiles, wallpaper), electricals hardware (alarms, light fittings, plugs, switches), hardware (brackets, locks, nails, bolts, nuts, etc.), other materials (adhesive, aggregates, boards, cement, doors, window frames, glass, bricks, timber, etc.), and manual & power tools.
Geography segmentation
The United States accounts for a significant share of the global home improvement & gardening products retail market value. Asia-pacific accounts for a further position in the global market.
Market distribution
Specialty and Retail shops form the leading distribution channel in the United States home improvement & gardening products retail market.
Who are the leading players?
Sherwin Williams
United States of America
United States of America
United States of America
China
Germany
United States of America
United States of America
United States of America
Germany
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