The Lawn & Garden market in the DIY & Hardware Store market in Jordan has a negligible growth rate, impacted by factors such as low consumer interest in DIY projects and limited availability of gardening products in stores. However, the convenience of online shopping and rising interest in home improvement may drive future growth.
Customer preferences: There has been a noticeable increase in the demand for eco-friendly and sustainable products within the Lawn & Garden Market in Jordan, in line with global trends. This is driven by a growing concern for environmental impact, as well as a desire for chemical-free and natural gardening methods. This has also led to a rise in popularity of organic gardening and a preference for locally sourced and organic gardening products. Additionally, there is a growing interest in incorporating smart technology, such as automated irrigation systems, into gardening practices for convenience and efficiency.
Trends in the market: In Jordan, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a shift towards eco-friendly and sustainable products. Consumers are increasingly prioritizing environmental consciousness and seeking out products with natural or organic ingredients. This trend is expected to continue, driven by rising awareness of the impact of traditional gardening practices on the environment. Industry stakeholders can capitalize on this trend by expanding their offerings of eco-friendly and organic products and investing in marketing efforts to promote their environmentally-conscious practices. Additionally, the Jordanian government has implemented policies aimed at promoting a greener lifestyle, which may further drive the demand for sustainable lawn and garden products in the DIY & Hardware Store Market.
Local special circumstances: In Jordan, the DIY & Hardware Store Market is heavily influenced by the country's unique economic and cultural landscape. The high demand for home improvement products is driven by the country's rapid urbanization, with many consumers looking to create and maintain modern living spaces. Additionally, the country's strict building regulations and strict environmental laws play a major role in shaping the Lawn & Garden Market. This has led to the popularity of green and sustainable products, with consumers increasingly seeking out eco-friendly options for their gardening and landscaping needs.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Jordan is also subject to macroeconomic factors such as population growth, urbanization, and disposable income levels. Higher disposable income levels and increasing urbanization are expected to drive demand for outdoor living products and gardening supplies. Additionally, government initiatives to promote sustainable living and environmentally-friendly practices are expected to impact the market positively. However, fluctuations in global commodity prices and currency exchange rates could affect the cost of raw materials and imported goods, potentially impacting 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.
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