Lawn & Garden - Oman | Statista Market Forecast

In Oman, the revenue generated in the Lawn & Garden market is projected to reach US$292.50m by 2024.
This market segment is expected to experience an annual growth rate of 3.52% (CAGR 2024-2029).
When compared to other countries worldwide, United States stands out as the top revenue generator in this market, with a projected revenue of US$133bn in 2024.
In terms of per capita revenue, in Oman is expected to generate US$62.06 per person in the Lawn & Garden market by 2024.
Oman's lawn and garden market is experiencing a surge in demand for drought-tolerant plants due to its arid climate.

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

The Lawn & Garden market in Oman nan has been slowly growing due to factors such as consumers' preference for DIY gardening and hardware stores, and increasing awareness about sustainable practices. However, the sector's growth rate is negligible, possibly due to the country's dry climate and limited space for gardening.

Customer preferences: Consumers in Oman are showing a growing interest in sustainable and eco-friendly gardening practices, reflected in the rising demand for organic and natural gardening products. This trend is influenced by the country's strong connection to nature and its traditional agricultural practices. Additionally, the rise in urbanization and smaller living spaces has led to a surge in demand for compact and space-saving gardening tools and equipment. These shifts in consumer preferences highlight a growing awareness and prioritization of environmental sustainability and convenience in the Lawn & Garden Market within the DIY & Hardware Store Market.

Trends in the market: In Oman, the Lawn & Garden Market within the DIY & Hardware Store Market market is witnessing a rise in demand for eco-friendly and sustainable products, as consumers become more environmentally conscious. This trend is reflected in the increasing availability of organic gardening supplies and equipment, such as eco-friendly pesticides and fertilizers. Additionally, there is a growing interest in urban gardening, particularly among the younger generation. This trend is significant as it promotes a more sustainable and self-sufficient lifestyle, and has potential implications for industry stakeholders, such as an increased demand for innovative and eco-friendly products.

Local special circumstances: In Oman, the Lawn & Garden Market within the DIY & Hardware Store Market market is heavily influenced by the country's arid climate and strong cultural emphasis on outdoor living spaces. As a result, there is a high demand for drought-resistant plants and landscaping products. Additionally, strict regulations on water usage and environmental sustainability drive the market towards eco-friendly and water-saving solutions. This unique combination of factors sets the Oman market apart from others, creating a niche for specialized lawn and garden products and services tailored to the local needs.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Oman is strongly impacted by macroeconomic factors, including global economic trends, the overall national economic health, and fiscal policies. As the economy continues to grow and improve, consumers are more likely to invest in home improvement projects and purchase lawn and garden products from hardware stores. Additionally, government policies and regulations that support the DIY and hardware industry can impact market performance, as they can affect consumer spending and business operations. Furthermore, relevant financial indicators such as interest rates and inflation rates can also play a role in shaping the demand for lawn and garden products, as they can influence consumer purchasing power. Overall, a stable and growing economy, along with favorable government policies, can contribute to the success of the Lawn & Garden Market within the DIY & Hardware Store Market in Oman.

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.