Farm fresh: Industry revenue will remain fairly stable as the economy continues to grow

The Farm Supply Stores industry has recorded fairly stable growth over the past five years to 2017. During the period, per capita disposable income has recovered and the industry has benefited from pent-up demand. As a result, industry revenue grew a considerable amount in 2012. However, as revenue in much of the agricultural sector began to fall toward the end of the previous five-year period, income in several rural communities began to fall. Over the five years to 2022, the farm economy will, at first, continue its short-term dip, before resuming its long-term growth trend. While this dip will translate into slightly decreased revenue for farm supply stores over the early part of the next five years, overall industry revenue will remain fairly stable...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • The farm economy will, at first, continue its short-term dip, before resuming its long-term growth trend
  • Aside from farmers, rural denizens of all types are affected by the same large-scale economic factors
  • Growing global demand for food, as well as for biofuels, is expected to benefit the agricultural sector
  • Industry Report - Industry Locations Chapter

    As with most retail industries, the location of farm supply stores depends primarily on the overall distribution of the industry's largest markets. Therefore, the distribution of establishments is somewhat in line with the overall distribution of US population. Conversely, hobby farmers and rural enthusiasts constitute the main class of consumers that shop at farm supply stores. Since these consumers tend to live in the outskirts of major metropolitan areas or in rural communities, the distribution of farm supply stores is slightly skewed toward the Southeast, Plains and Great Lakes regions of the United States.The Southeast region accounts for the largest share of industry locations, representing 25.7% of all establishments in 2017. The...purchase to read more.

    Additional Insights for the Farm Supply Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Farm Supply Stores Industry are

  • Access to niche markets
  • Having a wide and expanding product range
  • Providing excellent customer service
  • IBISWorld analysts also discuss how external factors such as Demand from agriculture, forestry, fishing and hunting and Per capita disposable income in the Farm Supply Stores industry impact industry performance..

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    What's in this report

    What is the Farm Supply Stores Industry?

    Stores in this industry sell a variety of home improvement, gardening, livestock and crop products. They are consumer-facing rather than farmer-facing and offer a format similar to traditional home improvement stores. Products sold in these outlets range from garden supplies to power tools, animal feed and power generators.

    Industry Products
  • Agricultural and ranch supplies
  • Clothing and footwear
  • Lawn and garden supplies
  • Power tools, appliances and other hardware
  • Outdoor recreation equipment
  • Pet and other animal feed and supplies
  • Industry Activities
  • Retailing pet and livestock feed
  • Retailing power tools, appliances and hardware
  • Retailing lawn and garden supplies
  • Retailing farm and ranch supplies
  • Retailing clothing, footwear and recreational equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from agriculture, forestry, fishing and hunting
  • Per capita disposable income
  • Access to credit
  • Private spending on home improvements

  • Current Performance
  • Farm economy ups and downs
  • Consumer spending
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Farm economy to stabilize
  • Nondiscretionary sales a boon to industry operators
  • Industry structure
  • Table: Farm Supply Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Farm Supply Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Consumers

  • Key Selling Industries
  • Animal Food Production
  • Farm, Lawn & Garden Equipment Wholesaling
  • Tool & Hardware Wholesaling

  • Products & Services
  • Pet and other animal feed and supplies
  • Power tools, appliances and other hardware
  • Lawn and garden supplies
  • Agricultural and ranch supplies
  • Outdoor recreation equipment
  • Clothing and footwear
  • Other
  • Chart: Farm Supply Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hobby farmers
  • Rural lifestyle consumers and other enthusiasts
  • Business farms and farmer cooperatives
  • Other
  • Chart: Major Market Segmentation for the Farm Supply Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Farm Supply Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Farm Supply Stores Industry

  • Industry Globalization
    Tractor Supply Company,
  • Table: Tractor Supply Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Farm Supply Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Farm Supply Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Demand from agriculture (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Related to the sport of horseback riding.
  • Hobby Farmer
  • A person that owns and operates a farm for personal pleasure and not for business.
  • Rural Lifestyler
  • A niche demographic of customers that farm, raise livestock or engage in other agricultural activities recreationally.
  • What Our Customers Say

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    This report on Farm Supply Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Farm Supply Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Farm Supply Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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