The Lawn & Garden market within the DIY & Hardware Store Market in Egypt nan is experiencing minimal growth due to factors such as limited disposable income for non-essential purchases and a lack of awareness about DIY techniques among the population. This has impacted the market's overall growth rate, but the convenience of online shopping and a growing interest in home improvement are expected to drive modest growth in the coming years.
Customer preferences: The Lawn & Garden Market within the DIY & Hardware Store Market has seen a rise in demand for environmentally-friendly and sustainable gardening products. This trend is driven by a growing awareness of the importance of eco-friendly practices and a desire to reduce carbon footprint. As a result, there has been an increase in the popularity of natural and organic gardening methods, as well as a demand for eco-friendly gardening tools and materials. This shift in consumer preference is also influenced by the younger generation's interest in sustainable living and their desire to make a positive impact on the environment.
Trends in the market: In Egypt, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a surge in online sales and e-commerce platforms, with consumers opting for the convenience and safety of shopping from home. This trend has been accelerated by the COVID-19 pandemic and is expected to continue its upward trajectory in the coming years. Additionally, there is a growing interest in sustainable and eco-friendly gardening practices, such as composting and using organic products. These trends signal a shift towards more environmentally conscious choices and present opportunities for industry stakeholders to cater to this market segment.
Local special circumstances: In Egypt, the Lawn & Garden Market within the DIY & Hardware Store Market is influenced by the country's unique climate and landscape. The hot and dry weather conditions require specific gardening tools and techniques, leading to a demand for specialized products in the market. Additionally, the country's large agricultural industry plays a significant role in shaping the lawn and garden market, with many small-scale farmers also purchasing gardening supplies from hardware stores. This dynamic highlights the local factors that differentiate Egypt's market from others and guide its growth trajectory.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Egypt is impacted by macroeconomic factors such as economic stability, government policies, and consumer spending habits. The country's growing economy and increasing disposable income are driving the demand for lawn and garden products as consumers are willing to invest in home improvement and beautification. Additionally, Egypt's government initiatives to promote domestic production and reduce import dependency are boosting the production and sales of local lawn and garden products. However, the market is also affected by global economic trends, such as fluctuations in raw material prices and changes in trade policies. These factors can impact the cost of production and ultimately affect the prices and profitability of lawn and garden products in the market. Furthermore, the country's fiscal policies and regulations also play a crucial role in shaping the market, as they can either support or hinder the growth of businesses in this sector. Overall, the performance of the Lawn & Garden Market in Egypt is closely tied to the country's economic health and government policies, as well as larger global economic trends.
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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