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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: Data is shown using current exchange rates. The applied current exchange rates are displayed in the Key Market Indicators below.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The DIY & Hardware Store Market in Eastern Europe has seen a considerable rise, attributed to the increasing use of digital technologies, heightened consumer health awareness, and the convenience of online health services. However, the market's growth rate remains negligible, impacted by factors such as economic slowdown and low disposable income among consumers.
Customer preferences:
As the lawn and garden market within the DIY and hardware store market expands in Eastern Europe, there is a noticeable trend towards eco-friendly and sustainable gardening practices. Consumers are becoming more environmentally conscious and are seeking products that promote organic gardening and use of natural materials. This shift is also influenced by the rise of urban gardening, as more individuals in this region are living in apartments and smaller living spaces, and still wanting to incorporate greenery into their homes. As a result, there is a growing demand for compact gardening tools, balcony-friendly plants, and DIY gardening kits. This trend is expected to continue as consumers prioritize sustainable living and seek ways to connect with nature in an urban setting.
Trends in the market: In Eastern Europe, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a shift towards eco-friendly and sustainable products. This trend is driven by increasing environmental awareness and consumer demand for green solutions. Additionally, there is a growing interest in outdoor living spaces, leading to the popularity of high-quality, durable outdoor furniture. This trend is expected to continue, presenting opportunities for industry stakeholders to cater to eco-conscious consumers and tap into the growing outdoor living trend.
Local special circumstances: In Eastern Europe, the Lawn & Garden Market within the DIY & Hardware Store Market is influenced by the region's climate and landscaping traditions. For example, countries with colder climates may see a higher demand for snow removal equipment, while countries with warmer climates may emphasize outdoor furniture and landscaping tools. Additionally, cultural preferences and traditions may impact the types of products that are popular in each market, as well as regulations regarding environmental and safety standards. These factors can greatly affect the product offerings and marketing strategies of companies operating in the Lawn & Garden Market in Eastern Europe.
Underlying macroeconomic factors:
The Lawn & Garden Market within the DIY & Hardware Store Market in Eastern Europe is shaped by various macroeconomic factors, including global economic trends, national economic health, and fiscal policies. The region's economic growth and stability have a direct impact on consumer spending and purchasing power, which in turn affects the demand for lawn and garden products. Countries with strong economic growth and stable fiscal policies are likely to see higher demand for these products, while those with economic challenges may experience slower market growth. Additionally, government initiatives and investment in infrastructure development and construction projects can also contribute to the growth of the lawn and garden market, as these activities often involve the purchase and use of related products and tools. Furthermore, the region's aging population and increasing focus on sustainable living are also significant factors shaping the demand for lawn and garden products, as consumers seek to maintain their gardens and outdoor spaces for relaxation and leisure.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights