Demand for landscaping products is forecast to climb to $7.5 billion over the next five years, representing a 6.1 percent growth rate for 2009–2013 versus a 4.5 percent clip for 2003–2008
Source: The Freedonia Group, Inc., Cleveland, Ohio
Demand for landscaping products is forecast to climb to $7.5 billion over the next five years, representing a 6.1 percent growth rate for 2009Ò2013 versus a 4.5 percent clip for 2003Ò2008. Although modest short-term gains are expected due to recessionary conditions, the housing market likely will recover by 2013, increasing demand for landscaping. These and other trends are presented in Landscaping Products, a 229-page report from Cleveland market researcher, Freedonia Group.
Hardscape product demand will experience favorable growth as consumers increasingly value the aesthetics and durability of concrete units in patios and walkways, as well as surrounds for outdoor fireplaces, ponds and in-ground swimming pools. Freedonia staff projects 6.7 percent growth per year in hardscape product demand, reaching $2.76 billion by 2013, versus 6.1 percent growth across 2003Ò2008. In addition to concrete units, the report examines a variety of landscaping products and outdoor structures used to enhance lawns, vegetable and flower gardens, borders, and other areas of residential, commercial or municipal properties. —www.freedoniagroup.com