Lawn & Garden - Guatemala | Statista Market Forecast

In 2024, Guatemala's revenue in the Lawn & Garden market is projected to reach US$363.50m.
It is anticipated that this market segment will experience an annual growth rate of 5.32% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue, amounting to US$133bn in 2024.
Furthermore, in terms of per capita figures, in Guatemala generates US$19.80 in revenue per person in 2024.
The demand for eco-friendly gardening products is on the rise in Guatemala, as consumers prioritize sustainable practices in their lawn and garden maintenance.

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.

Gardening tools & outdoor power equipment
Plants & gardening supplies
Outdoor storage
Non-electric grills and supplies
Garden décor

Outdoor & garden furniture
Outdoor lamps
Farm and ranch supplies
Aquatic plants

In Guatemala, the DIY and Hardware Store Market is seeing minimal growth in the Lawn and Garden Market. Factors such as limited disposable income and low awareness of digital technologies are impacting this slow growth rate. However, the convenience of online health services is slowly being recognized by consumers.

Customer preferences: As more people spend time at home due to COVID-19, there has been a rise in interest in gardening and outdoor spaces for recreation and relaxation. This trend is expected to continue, with consumers seeking out DIY and hardware stores for gardening tools, outdoor furniture, and landscaping materials. Additionally, there is a growing demand for sustainable and eco-friendly options in the Lawn & Garden market, as consumers become more environmentally conscious. This has led to an increase in the availability of organic and biodegradable gardening products in stores.

Trends in the market: In Guatemala, the Lawn & Garden Market within the DIY & Hardware Store Market is seeing a rise in eco-friendly and sustainable gardening practices. This trend is driven by increasing environmental awareness and a desire for chemical-free products. Industry stakeholders are responding by offering a wider range of organic and natural gardening products, as well as promoting environmentally-friendly landscaping services. These trends are expected to continue, with potential implications including increased demand for eco-friendly products and services, and a shift towards more sustainable gardening practices in the market.

Local special circumstances: In Guatemala, the Lawn & Garden market within the DIY & Hardware Store market is influenced by the country's rich biodiversity and tropical climate, which allows for a wide variety of plants and outdoor activities. The market is also heavily impacted by cultural traditions and rituals, such as the use of natural remedies and the importance of gardening in Mayan culture. Additionally, government regulations on pesticide use and land ownership play a significant role in shaping the market.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market is heavily impacted by macroeconomic factors such as consumer spending, interest rates, and housing market trends. Economic stability and growth, as well as fluctuations in consumer confidence, can greatly affect the demand and sales of lawn and garden products. Additionally, government policies that promote or restrict home ownership, as well as the overall health of the housing market, can significantly impact the purchase of lawn and garden supplies. Furthermore, global economic trends and trade policies can also impact the price and availability of materials used in the production of lawn and garden products, ultimately influencing market performance.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Gardening is becoming an increasingly popular pastime in the United States. The pandemic freed up a lot of spare time for many homeowners, allowing them to remodel and redecorate their homes and lawns. Not only has this led to an increase in home improvement projects, but also to a measurable growth of the garden equipment and plants market. In 2020, the combined sales of building materials and garden equipment grew by 14 percent compared to the year before, at more than 425 billion U.S. dollars. Similarly, that same year the market size of the plant and flower growing industry increased, recovering from a sales dip in 2019.