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The Lawn & Garden market in the DIY & Hardware Store market in APAC has seen minimal growth due to factors such as limited consumer interest, competition from alternative products, and disruptions caused by the pandemic. Despite this, increasing awareness of environmental sustainability may lead to future growth opportunities.
Customer preferences: As consumers become more conscious about the environment, there is a growing trend towards eco-friendly, sustainable products in the APAC Lawn & Garden Market. This is particularly evident in the increasing demand for natural and chemical-free gardening products, as well as a preference for native plant species. Additionally, there is a shift towards smaller, urban gardens and balcony gardening due to rapid urbanization and smaller living spaces. This trend is also driven by a desire for convenience and ease of maintenance.
Trends in the market: In APAC, the Lawn & Garden Market within the DIY & Hardware Store Market is seeing a surge in demand for eco-friendly and sustainable gardening products. This is driven by increasing awareness about environmental issues and a desire for cleaner and greener living spaces. Industry players are responding by introducing organic fertilizers, eco-friendly tools, and biodegradable pots. This trend is expected to continue and could potentially lead to collaborations with environmental organizations and government initiatives promoting sustainable gardening practices.
Local special circumstances: In APAC, the Lawn & Garden Market within the DIY & Hardware Store Market market is heavily influenced by local factors such as climate, population demographics, and cultural preferences. For instance, in Japan, where space is limited, there is a growing trend towards compact and vertical gardening solutions. In Australia, where outdoor living is popular, there is a strong demand for high-end outdoor furniture and landscaping services. In China, where air pollution is a major concern, there is a rising demand for eco-friendly lawn care products and services. These local factors contribute to the unique market dynamics and consumer preferences in the region.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in APAC is heavily affected by macroeconomic factors, such as consumer spending, overall economic stability, and government policies. In countries with strong economic growth and consumer confidence, the market is expected to experience higher demand and sales. On the other hand, regions with economic downturns and increased unemployment rates may see a decline in market performance. Additionally, government initiatives promoting sustainable living and eco-friendly practices, as well as investment in infrastructure development, can also have a significant impact on the 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)