Stimulation of sales growth due to pandemic to last in the short term due to professional market
Posted: October 4, 2021 at 5:56 p.m. EDT|Update: 6 hours ago
CLEVELAND, October 5, 2021 / PRNewswire / – Hardscaping sales are expected to remain strong in the near term due to continued increase in pandemic-related demand for professional grade improvement projects for outdoor living spaces, according to a new analysis by the Freedonia Group:
- The COVID-19 pandemic had a positive effect on the landscaping market in 2020, particularly in the DIY market, where home improvement activity has seen a sharp increase.
- The professional market – the primary outlet for landscaping due to the skills often required to install these products – has not performed as well, as financial uncertainty, health issues and other factors have held back demand. larger-scale plans to be met at the onset of the pandemic.
As economic conditions improve in 2020 and 2021, demand for these higher-value projects has skyrocketed, but labor shortages, long wait times and slowdowns in the supply chain. procurement resulted in the postponement of some projects. As these constraints continue to become less of a factor, more delayed projects will be completed, which will drive the growth of landscaping products in the short term.
Expansion of outdoor spaces will benefit the commercial market in the long term
Like homeowners, commercial property owners focus on creating outdoor spaces that can meet their needs. The COVID-19 pandemic has further reinforced that emphasis, as terraces for outdoor dining and socializing have become a necessity for many businesses, especially restaurants and bars, to operate profitably during the pandemic. In the future, these trends are expected to continue, as more and more property owners see the value of having attractive and functional outdoor spaces, favoring the installation of patios, walkways, walls and borders.
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Landscaping products is now available from the Freedonia Group. This study covers United States landscaping products market. Historical data for 2010, 2015 and 2020 and forecast to 2025 and 2030 are provided for demand in current dollars (which are not adjusted for inflation) by product, material, application, market, user final and region.
- concrete pavers, slabs and planks
- lumber (e.g. wood, plastic, composite)
- blocks (for example, stone, concrete and glass)
- ready concrete
- stone tiles, slabs and veneers (natural and fabricated / faux)
- bricks (clay and concrete)
- aggregates (for example, sand, gravel, pebbles, crushed stone)
- other landscaping products, such as stone blocks; porcelain tiles, other ceramics and glass tiles; metal and plastic edging; pavers of plastic or rubber; and fake plastic rocks
- rock and stone
- other materials (e.g. glass, rubber, metal)
Markets (segmented by new, renovation and repair applications):
- recreation and infrastructure (for example, parks, golf courses, playgrounds, roads)
- consumer / do it yourself
- edging and other applications (for example, sand traps, residential recreation areas, squares, and framing and linings of outdoor fireplaces, kitchens or other outdoor living items
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About the Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the leading international industrial research company, providing our clients with product analyzes, market forecasts, industry trends and market share information. From individual consulting firms to global conglomerates, our analysts provide businesses with unbiased and reliable market research and analysis to help them make important business decisions. With over 100 studies published each year, we support over 90% of Fortune 500 industrial companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for a personalized search: +1 440.842.2400.
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SOURCE The Freedonia Group
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