The Lawn & Garden market in the G20 nan region has been experiencing moderate growth, impacted by factors such as low consumer interest and limited availability of online services. Despite negligible growth, digital technologies and increasing health awareness among consumers play a role in the market's development.
Customer preferences: There has been a notable rise in consumer demand for sustainable and environmentally-friendly lawn and garden products, as more individuals prioritize eco-consciousness and seek to reduce their carbon footprint. This has led DIY and hardware stores to stock a wider range of organic gardening products and tools, as well as offer educational resources on sustainable gardening practices. Furthermore, demographic shifts towards urban farming and gardening among younger generations suggests a growing interest in self-sufficiency and sustainable living.
Trends in the market: In the G20 countries, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a surge in demand for eco-friendly products, as consumers are becoming more environmentally conscious. This trend is expected to continue, with more consumers seeking sustainable solutions for their gardening and lawn care needs. This presents opportunities for industry players to innovate and capitalize on this trend. Additionally, there is a growing preference for smart gardening tools and automation, as consumers seek to streamline their gardening tasks. This trend is expected to drive the growth of the market, as consumers are willing to invest in these convenient and time-saving products. Industry players can capitalize on this trend by offering a wide range of smart gardening tools and promoting their benefits to consumers.
Local special circumstances: In Australia, the Lawn & Garden Market within the DIY & Hardware Store Market has been heavily impacted by the country's strict water conservation regulations. This has led to the emergence of water-efficient gardening technology and products, such as drip irrigation systems and drought-resistant plants. Additionally, the market is influenced by Australia's unique climate and geography, with a strong demand for outdoor living and entertaining products to make the most of the country's sunny weather.
Underlying macroeconomic factors: The growth of the Lawn & Garden Market within the DIY & Hardware Store Market is influenced by macroeconomic factors such as consumer spending, housing market trends, and seasonal demand. Countries with stable economies and high consumer confidence are seeing a rise in sales of lawn and garden products. Similarly, regions with a strong housing market and a growing number of homeowners are driving the demand for landscaping and gardening supplies. Additionally, the seasonal nature of this market is heavily impacted by weather patterns and can affect sales and profitability for businesses.
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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