The Lawn & Garden Market in the DIY & Hardware Store Market in Israel is experiencing minimal growth rate due to factors such as low consumer demand and intense competition. This is impacting the overall growth of the market, despite the convenience of online services and increasing health awareness.
Customer preferences: As more people in Israel are spending time at home, there has been a rise in interest for gardening and lawn care. This has led to an increase in sales for online tutorials and classes on gardening, as well as a demand for eco-friendly and sustainable gardening products. Additionally, there has been a shift towards smaller and compact gardening solutions, such as apartment-friendly vertical gardens, catering to the growing urban population. This trend is driven by a desire for self-sufficiency and a closer connection to nature.
Trends in the market: In Israel, the Lawn & Garden Market within the DIY & Hardware Store Market is seeing an increase in eco-friendly and sustainable gardening practices. This trend is driven by consumers' growing awareness of environmental issues and their desire to reduce their carbon footprint. As a result, there is a rising demand for organic gardening products and tools, as well as a shift towards native and drought-resistant plants. This trend is likely to continue as consumers become more environmentally conscious, presenting opportunities for industry stakeholders to cater to this growing demand. Additionally, the trend towards urban farming is also gaining popularity in Israel, as more people look for ways to grow their own produce at home. This presents opportunities for DIY & Hardware Store Market retailers to expand their product offerings and cater to this niche market.
Local special circumstances: In Israel, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's high-tech industry and innovation culture. This has led to the development of advanced gardening tools and equipment, as well as online platforms for DIY tutorials and product reviews. Additionally, the country's strict water conservation regulations have resulted in a demand for drought-resistant plants and sustainable gardening practices. These factors contribute to a unique market dynamic that caters to the local needs and preferences of Israeli consumers.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Israel is influenced by various macroeconomic factors. These include global economic trends, such as rising disposable income and increasing urbanization, which have led to a growing demand for home improvement products. At a national level, Israel's strong economic health and stable fiscal policies have created a conducive environment for market growth. Additionally, government initiatives promoting sustainable living and investments in infrastructure development have positively impacted the market. Furthermore, the increasing awareness about environmental sustainability and the rise in outdoor living spaces in households have also contributed to the growth of the Lawn & Garden Market in Israel.
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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