In the D-A-CH region, the Lawn & Garden Market in the DIY & Hardware Store Market is experiencing slow growth due to factors such as limited consumer spending and a decrease in outdoor activities. However, the market is still driven by the convenience of online services and the growing trend of eco-friendly gardening.
Customer preferences: Consumers in the D-A-CH region are increasingly leaning towards eco-friendly and sustainable gardening practices, such as organic gardening and using natural fertilizers and pesticides. This shift is driven by a growing focus on environmental conservation and health-consciousness. Additionally, the DIY trend in gardening has caught on, with consumers opting to grow their own fruits, vegetables, and herbs. This shift is driven by a desire for cost-saving and self-sufficiency, as well as a more hands-on approach to gardening.
Trends in the market: In D-A-CH, the Lawn & Garden Market within the DIY & Hardware Store Market is seeing a rise in demand for sustainable and eco-friendly products. This trend is driven by increasing consumer awareness and a growing focus on environmental conservation. Additionally, there is a shift towards smart gardening tools and accessories, with technology such as automated irrigation systems and smart lawn mowers gaining popularity. These trends are significant as they reflect changing consumer preferences and highlight the need for the industry to adapt to meet these demands. For industry stakeholders, embracing sustainability and incorporating technology into their products will be crucial for remaining competitive in this market.
Local special circumstances: In D-A-CH, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the region's strong emphasis on sustainability and eco-friendliness. This has led to a rise in demand for organic and environmentally-friendly gardening products, as well as a growing trend towards urban gardening. Additionally, the region's strict regulations on the use of pesticides and chemicals in agriculture have also impacted the market, as consumers are increasingly seeking natural and chemical-free options for their gardens.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market market is heavily influenced by macroeconomic factors such as consumer spending power, interest rates, and overall economic growth. In countries with strong economic growth and high consumer spending power, there is a higher demand for lawn and garden products, leading to market growth. Other factors such as interest rates can also impact consumer purchasing behavior, as higher rates may discourage spending on non-essential items like lawn and garden products. Additionally, fiscal policies such as tax incentives or subsidies for eco-friendly products can also influence the market, as consumers may be more likely to invest in sustainable lawn and garden solutions.
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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