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Florists in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Florists Market Research Report | NAICS 45311 | Jan 2014

Late bloomer: Disposable income growth will spur demand, but consumers will turn to alternative operators

IBISWorld’s Florists market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 09-14
0.6%
Annual Growth 14-19
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Profit
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Employment
90,427
Businesses
36,613
Industry Analysis & Industry Trends

The Florists industry has been withering away over the past five years. Poor economic conditions during the recession reduced disposable income, deterring households from making discretionary purchases on flowers and plants. In addition, heightened competition has exacerbated declining demand; discounted prices for comparable goods online and in supermarkets have led consumers to buy fewer flowers from traditional florists... purchase to read more

Industry Report - Starting a New Business Chapter

The Florists industry exhibits minimal barriers to entry, with low upstart costs and no specific licensing requirements. The majority of establishments operate as nonemployers and the capital costs of establishing retail outlets are not substantial relative to many other retail industries, such as department stores. However, the high level of competition and market saturation in a declining industry can prove challenging to new entrants. Most operators are small- to medium-size establishments that cater to the local community. As a result, the industry contains a very high number of establishments, expected to total 36,613 in 2014.

Aside from the low capital costs, potential entrants face a number of small hurdles. Store reputation may be one of these hurdles... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Florists Industry?

This industry retails cut flowers, floral arrangements and potted plants. Industry operators purchase these goods from domestic and international flower farms and wholesalers, and then sell them to the general public. This industry excludes operators that primarily function as electronic shopping websites and mail-order companies.

Industry Products
Arranged cut flowersUnarranged cut flowersIndoor potted plantsGiftware and other
 
Industry Activities
Retailing cut flowersRetailing floral arrangementsRetailing potted plantsRetailing complimentary gift items


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