The Lawn & Garden Market in Australia & Oceania within the DIY & Hardware Store Market is seeing slow growth, impacted by factors such as a decrease in disposable income and a shift towards sustainability. However, the adoption of digital technologies and a growing interest in DIY gardening projects are expected to drive some growth in the market.
Customer preferences: As the popularity of eco-friendly and sustainable living grows, consumers in Australia & Oceania are showing a preference for eco-friendly lawn and garden products. This trend is driven by a growing awareness of environmental issues and a desire to reduce their carbon footprint. Additionally, with an aging population in the region, there is a rising demand for low-maintenance garden solutions, leading to an increase in sales of artificial turf and easy-care plants. Moreover, the rise of urban gardening and vertical gardens is also changing consumer preferences in the lawn and garden market.
Trends in the market: In Australia & Oceania, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a trend towards sustainable and eco-friendly products. More consumers are becoming environmentally conscious and seeking out products that are made from recycled materials or use less natural resources. This trend is expected to continue as the demand for sustainable products grows. Additionally, there is a rise in online sales for lawn and garden products, allowing for easier access and convenience for consumers. This trend is significant as it reflects the changing attitudes of consumers and their increasing focus on sustainability. Industry stakeholders should take note of this trend and adapt their offerings to meet the demand for eco-friendly products. They should also consider investing in their online presence to capitalize on the growing trend of online sales.
Local special circumstances: In Australia & Oceania, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the region's unique climate and eco-conscious culture. With an emphasis on organic and sustainable gardening practices, the market has seen a rise in demand for eco-friendly products, such as biodegradable fertilizers and composting solutions. Additionally, strict environmental regulations have led to an increase in the use of eco-friendly gardening equipment and tools. These factors have spurred innovation and a growing market for environmentally-friendly lawn and garden products in the region.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Australia & Oceania is heavily influenced by macroeconomic factors such as consumer confidence, disposable income, and housing market trends. As a result, changes in global economic trends and national economic health greatly impact consumer spending on lawn and garden products. Furthermore, fiscal policies, such as changes in taxes and government spending, can directly affect the market's growth and profitability. In addition, the increasing focus on sustainable and environmentally-friendly practices is also driving the demand for lawn and garden products, as consumers in this region are becoming more conscious of their impact on the environment. These factors, along with the region's strong economic growth, make Australia & Oceania a promising market for the Lawn & Garden Market within the DIY & Hardware Store Market.
Data coverage:
Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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