Report: U.S. landscaping products worth $6.5 billion by 2017
According to a new market research report titled "Landscaping Products to 2017" by ReportsnReports.com, U.S. demand for landscaping products is expected to come out of its recession slump and grow at an annual rate of 6.9% through 2017, placing the market worth at $6.5 billion in four years' time.
Heightened construction activity is cited as top driver behind this growth, coupled with energized existing home sales and a drop in office vacancy rates.
The residential market appears to be spearheading the growth on the coattails of a housing recovery. Meanwhile, landscaping products demand in the nonresidential market will be driven by offices and commercial businesses.
Within the landscape products market, hardscape products promised to deliver the strongest growth (compared to the slightly weaker decorative products segment). Environmentally friendly options, as well as those that favor reduced water usage, are also popular drivers of growth.