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Landscaping Products Forecast to Grow 5.3 Percent Per Year to $8.2 billion in 201908-20-15 | News
Landscaping Products Forecast to Grow 5.3 Percent Per Year to $8.2 billion in 2019
Outdoor Living Spaces will Drive Demand





Outdoor living spaces will drive demand for concrete pavers for patios and flooring, bricks and stones for walls and seating areas, and trellises and pergolas for cover
Photo: Carved Stone Creations


According to "Landscaping Products," a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm, demand for landscaping products in the U.S. is forecast to grow 5.3 percent per year to $8.2 billion in 2019 as the market continues to recover from the effects of the 2007-2009 recession.

Strong gains in the residential and nonresidential construction sectors, growth in existing home sales and increases in disposable incomes will support gains, says the study. Demand will be influenced by long-term drought experienced in the West and the South, and growing environmental concerns of consumers.

The residential market is by far the largest of the three major markets for landscaping products, accounted for nearly 70 percent of all demand in 2014.

"The popularity of outdoor living spaces such as outdoor kitchens and living rooms will continue to grow as homeowners look to increase their usable living space," said analyst Christine O'Keefe.

Such living spaces will drive demand for landscaping products, including concrete pavers for patios and flooring, bricks and stones for walls and seating areas and trellises and pergolas for cover.

Nonresidential building is the second largest market for landscaping products. The outdoor living trend will also influence demand in the nonresidential market. Restaurants, coffee shops and bars look to increase their seating space during the temperate months by adding outdoor seating, supporting growth in hardscaping products, including pavers and stone. Sales of outdoor heating products like fireplaces and fire pits, as well as landscaping lighting, will also increase as businesses try to maximize the time during the year that outdoor seating can be used. Nonbuilding applications will also show healthy growth, in part the result of municipalities increasing the use of permeable pavers and other related products to handle stormwater. However, the continuing decline in the number of golf courses, particularly in the Midwest, will restrain growth.


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U.S. LANDSCAPING PRODUCTS DEMAND

(million dollars)

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% Annual Growth

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2009

2014

2019

2009-

2014

2014-

2019

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Landscaping Products Demand

5340

6305

8160

3.4

5.3

Decorative Products

2415

2870

3570

3.5

4.5

Hardscape Products

1720

2060

2925

3.7

7.3

Outdoor Structures

780

905

1100

3.0

4.0

Other

425

470

565

2.0

3.8

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???(R)???AE???(R)???(C) 2015 by The Freedonia Group, Inc.

Landscaping Products, published Aug. 2015 (273 pages), is available for $5,300 from The Freedonia Group, Inc. Information may also be obtained through www.freedoniagroup.com.



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