The Lawn & Garden market in China is facing a negligible growth rate due to various factors such as the increasing availability of DIY and hardware stores, low consumer interest in gardening, and the preference for professional gardening services. Despite this, the market still experiences growth as more individuals become aware of the convenience of purchasing lawn and garden products online.
Customer preferences: With the rise of urbanization and smaller living spaces, there has been a growing trend towards compact and portable lawn and garden equipment in China. Consumers are also increasingly drawn to products that are both environmentally friendly and easy to use. As a result, there has been a surge in demand for electric and battery-powered gardening tools, as well as smaller-sized gardening accessories. This shift is driven by a combination of factors, including a growing awareness of sustainable living practices and a desire for convenience in maintaining outdoor spaces in crowded urban areas.
Trends in the market: In China, the Lawn & Garden market within the DIY & Hardware Store Market is experiencing a surge in demand for smart gardening tools and devices. This trend is driven by the increasing adoption of smart home technology and the growing interest in sustainable and eco-friendly gardening practices. Additionally, there is a rise in the use of online platforms and apps for gardening tips and product recommendations. These developments have significant implications for industry stakeholders as they create opportunities for innovation and digitalization to cater to the evolving needs and preferences of consumers.
Local special circumstances: In China, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's large population and rapid urbanization. This has led to a surge in demand for low-cost, easy-to-use gardening products. Additionally, the Chinese government's efforts to promote environmental conservation and green living have sparked interest in sustainable gardening methods, creating a niche market for eco-friendly garden supplies. Furthermore, the strong cultural emphasis on gardening and outdoor spaces has contributed to the popularity of DIY garden projects and landscaping services.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in China is heavily influenced by macroeconomic factors such as the country's economic growth, consumer spending patterns, and government policies. China's strong economic growth and rising middle class have led to increased demand for DIY and gardening products. The government's favorable policies on urbanization and environmental protection have also contributed to the market's growth. However, slowing economic growth, rising labor costs, and fluctuations in the housing and construction sectors can have a negative impact on the market. Additionally, the increasing trend towards eco-friendly and sustainable products is expected to drive market growth in the future.
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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