In Jordan, the Bathroom Hardware Market in the DIY & Hardware Store industry is experiencing slow growth, impacted by factors such as low consumer awareness and limited availability of online services. This has resulted in a negligible growth rate of the market. However, with the growing DIY trend and increasing investments in the hardware sector, the market is expected to witness a steady growth in the upcoming years.
Customer preferences: In Jordan, there has been a noticeable rise in demand for eco-friendly and sustainable bathroom hardware products within the DIY & Hardware Store Market. This can be attributed to a growing awareness of environmental concerns and a shift towards more conscious consumerism. Additionally, there is a trend towards minimalistic and modern bathroom designs, with a focus on functionality and practicality. This is in line with the evolving lifestyle of Jordanian consumers, who are increasingly valuing simplicity and practicality in their homes. Furthermore, there is a growing preference for locally-made bathroom hardware products, reflecting a sense of pride in supporting local businesses and promoting the country's economy.
Trends in the market: In the Jordanian market, there is a growing trend in the Bathroom Hardware Market for eco-friendly and sustainable products. This is driven by the increasing awareness among consumers about the environmental impact of their purchases. As a result, hardware stores are expanding their product offerings to include green products such as water-saving faucets and energy-efficient lighting. This trend is expected to continue as the government implements policies to promote sustainable living. Additionally, the rise of online shopping in Jordan is also impacting the DIY & Hardware Store Market, with more customers opting to purchase bathroom hardware online. This has prompted hardware stores to develop their online presence and offer convenient delivery options to remain competitive in the market. Industry stakeholders need to adapt to these trends by stocking eco-friendly products and investing in online platforms, or risk losing customers to more innovative competitors.
Local special circumstances: In Jordan, the Bathroom Hardware Market within the DIY & Hardware Store Market is influenced by the country's unique regulatory environment. While the market is growing, it is also tightly regulated, with strict import and export laws. Additionally, cultural norms and preferences play a significant role in shaping the market. Jordanians tend to prioritize functionality over style, which affects the types of bathroom hardware products that are in demand. These factors create a distinct market dynamic that sets it apart from other markets in the region.
Underlying macroeconomic factors: The Bathroom Hardware Market within the DIY & Hardware Store Market in Jordan is impacted by a variety of macroeconomic factors. These include global economic trends, such as the increasing demand for home improvement products, as well as national economic health and fiscal policies. Additionally, the steady growth of Jordan's construction industry and increasing disposable income among consumers are driving the demand for bathroom hardware products in the market. The government's support for housing and infrastructure development is also contributing to the growth of the market. Furthermore, the country's favorable regulatory environment and strong investment in the DIY & Hardware Store Market are fueling the growth of the Bathroom Hardware Market as well.
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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