Lawn & Garden - Burkina Faso | Statista Market Forecast

In Burkina Faso, the revenue in the Lawn & Garden market is projected to reach US$178.00m in 2024.
This market segment is expected to experience an annual growth rate of 4.57% (CAGR 2024-2029).
When compared to other countries globally, United States generates the highest revenue in this market, amounting to US$133bn in 2024.
In terms of per person revenues, in Burkina Faso generates US$7.47 in 2024.
Burkina Faso's lawn and garden market is experiencing a surge in demand for drought-resistant plants and sustainable landscaping solutions.

Definition:

In the segment Lawn & Garden, the focus lies on products that help homeowners and landscapers create and maintain attractive and functional outdoor living spaces. Included in this segment are plants, gardening tools, gardening plant supplies, and outdoor power equipment. Outdoor accessories, such as umbrellas and sunshades, and outdoor storage, such as a garden house, as well as non-electric grills and garden décor are also part of the segment.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. Outdoor lamps are not included in this segment but can be found in the Lamps & Lighting segment of the Furniture market. For more information on the displayed data, click the info button on the right hand side of each box.

Gardening tools & outdoor power equipment
Plants & gardening supplies
Outdoor storage
Non-electric grills and supplies
Garden décor

Outdoor & garden furniture
Outdoor lamps
Farm and ranch supplies
Aquatic plants

The DIY & Hardware Store Market in Burkina Faso has seen minimal growth due to factors such as limited access to digital technology and low awareness of the importance of lawn and garden care. This, coupled with a lack of convenience in purchasing online, has impacted the market's slow growth rate.

Customer preferences: As urbanization continues to accelerate in Burkina Faso, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a growing demand for compact and multifunctional gardening tools suited for smaller living spaces. Furthermore, with an increase in disposable income among younger and tech-savvy demographics, there is a rising interest in smart and connected gardening equipment that allows for remote monitoring and control through mobile apps. This trend is expected to continue as consumers prioritize convenience and efficiency in their gardening practices.

Trends in the market: The Lawn & Garden Market within the DIY & Hardware Store Market in Burkina Faso is witnessing an upward trend in demand for eco-friendly gardening products, with consumers prioritizing sustainability and environmental consciousness. This trend is also reflected in the increasing popularity of organic gardening and the use of renewable energy sources, such as solar-powered garden tools. These trends signal a shift towards more eco-conscious practices in the industry, presenting opportunities for stakeholders to tap into this growing market segment. Additionally, the rise of digital platforms in the region has made it easier for consumers to access information and purchase products, making it essential for industry players to incorporate online sales and marketing strategies into their business models.

Local special circumstances: In Burkina Faso, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's primarily agrarian economy and traditional farming practices. This leads to a strong demand for basic tools and equipment such as shovels and hoes. Additionally, the market is affected by the country's limited access to imported goods due to high tariffs and transportation costs. This creates a need for locally-sourced and affordable products, as well as a reliance on traditional gardening methods. As a result, there is a limited presence of large international retail chains in the market, with smaller local stores dominating sales.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Burkina Faso is influenced by macroeconomic factors such as economic stability, consumer purchasing power, and government regulations. Despite facing challenges such as political instability and limited access to finance, the country's economy has shown consistent growth, which has boosted consumer spending. Fiscal policies, such as tax incentives for home improvement projects, have also contributed to the demand for lawn and garden products in Burkina Faso. The market is further driven by rising urbanization and a growing middle class, leading to the adoption of DIY and gardening practices.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Gardening is becoming an increasingly popular pastime in the United States. The pandemic freed up a lot of spare time for many homeowners, allowing them to remodel and redecorate their homes and lawns. Not only has this led to an increase in home improvement projects, but also to a measurable growth of the garden equipment and plants market. In 2020, the combined sales of building materials and garden equipment grew by 14 percent compared to the year before, at more than 425 billion U.S. dollars. Similarly, that same year the market size of the plant and flower growing industry increased, recovering from a sales dip in 2019.