The Lawn & Garden market in CIS nan has been steadily growing, influenced by factors such as the increasing availability of DIY and hardware stores, rising consumer interest in home gardening, and the convenience of online shopping. Despite a relatively negligible growth rate, the market is impacted by factors such as fluctuating economic conditions and changing consumer preferences towards sustainable and eco-friendly gardening products.
Customer preferences: As the DIY and hardware store market continues to grow, consumer preferences within the Lawn & Garden Market are shifting towards eco-friendly and sustainable products. This trend is driven by a growing awareness of the impact of traditional lawn care products on the environment. Additionally, there has been a rise in interest for products that require minimal maintenance, providing convenience to time-strapped homeowners. These preferences are also influenced by a desire to create a more natural and inviting outdoor space for relaxation and entertainment.
Trends in the market: In the DIY & Hardware Store Market, there is a growing trend towards sustainability and eco-friendliness in the Lawn & Garden Market. As consumers become more environmentally conscious, there is an increasing demand for organic and natural products for gardening and lawn maintenance. This trend is expected to continue, as more consumers prioritize sustainability and look for products that align with their values. This presents opportunities for industry stakeholders to differentiate themselves by offering a wider range of eco-friendly options and promoting their sustainability initiatives. Additionally, there is a rise in online sales of lawn and garden products, as more consumers turn to e-commerce for their shopping needs. This trend is likely to continue, with the convenience and accessibility of online shopping appealing to a larger customer base. Industry stakeholders should adapt to the e-commerce trend and invest in online platforms to reach a wider audience and stay competitive in the market.
Local special circumstances: In CIS countries, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the region's climate and outdoor lifestyle. With long, harsh winters and shorter summers, there is a strong demand for winter- and summer-specific products. Additionally, the use of traditional methods for gardening and landscaping is still prevalent, creating a unique market for DIY and hardware stores to cater to. The relatively low cost of labor also plays a role in shaping the market, with many homeowners opting for DIY solutions rather than hiring professional services.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market is impacted by macroeconomic factors such as consumer spending power, interest rates, and economic stability. Countries with strong economic growth and high levels of consumer spending are likely to experience higher demand for lawn and garden products, while those with low economic growth and instability may see slower market growth. Additionally, government policies related to investments in infrastructure and sustainability can also impact the market, as they may encourage or discourage consumers from purchasing lawn and garden products. Overall, the state of the economy and government policies play a significant role in shaping the performance of the Lawn & Garden Market within 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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