The Lawn & Garden market in the DIY & Hardware Store market worldwide has seen minimal growth due to factors such as declining consumer interest and a lack of innovation in the sector. Despite this, online services and growing awareness of sustainable practices may drive future growth.
Customer preferences: As technology continues to advance, consumers are increasingly seeking convenient and efficient ways to maintain their lawns and gardens. This has led to a rise in demand for smart gardening tools and devices, which allow for remote monitoring and control of gardening tasks. Additionally, with the growing interest in sustainable living and eco-friendly practices, there has been a notable shift towards organic and natural gardening products, catering to the preferences of environmentally-conscious consumers.
Trends in the market: In the Worldwide DIY & Hardware Store Market, the Lawn & Garden Market is experiencing a surge in demand for eco-friendly and sustainable gardening products. This trend is driven by increasing awareness of environmental issues and a growing preference for organic gardening practices. Industry players are responding by offering a wider range of eco-friendly options, such as biodegradable mulch and organic fertilizers. This trend is expected to continue as consumers prioritize environmentally-friendly products and the industry adapts to meet their needs. Additionally, with the rise of sustainable living and urban farming, the Lawn & Garden Market within the DIY & Hardware Store Market is likely to see continued growth and innovation in the coming years.
Local special circumstances: In Europe, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the region's strong gardening culture and favorable climate for outdoor activities. This has led to a high demand for gardening equipment and supplies, as well as a focus on eco-friendly and sustainable gardening practices. In China, the market is driven by the government's efforts to promote greener cities and improve air quality, leading to a rise in demand for lawn and garden products. Additionally, the country's large population and booming real estate market have also contributed to the growth of this market.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Countries with stable economic conditions and government support for the DIY and hardware industry are experiencing faster market growth compared to regions with economic challenges and limited infrastructure investment. Moreover, the rising demand for eco-friendly and sustainable gardening products due to growing environmental awareness globally is also driving market growth. Additionally, the increasing popularity of gardening and outdoor living as a leisure activity is expected to further boost the demand for Lawn & Garden products in 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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