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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: Data is shown using current exchange rates. The applied current exchange rates are displayed in the Key Market Indicators below.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Lawn & Garden market in Pakistan has seen negligible growth, impacted by factors such as limited access to digital technologies and low levels of health awareness among consumers. Convenience and increasing adoption of online services remain important drivers for the DIY & Hardware Store market in the region.
Customer preferences: With the increasing popularity of DIY projects and urban gardening, consumers in Pakistan are gravitating towards eco-friendly and cost-effective lawn and garden solutions. This has led to a surge in demand for organic fertilizers, composting kits, and water-saving irrigation systems. Additionally, a growing trend towards sustainable living and minimizing environmental impact has driven consumers to opt for locally sourced and ethically produced gardening products. This shift towards conscious consumerism is also reflected in the growing demand for natural and non-toxic pesticides and herbicides in the Lawn & Garden Market within the DIY & Hardware Store Market.
Trends in the market: In Pakistan, the Lawn & Garden market is experiencing a trend towards sustainable and eco-friendly gardening practices. This includes the use of organic fertilizers, composting, and rainwater harvesting methods. This trend is also evident in the DIY & Hardware store market, with a rise in sales of eco-friendly gardening tools and equipment. This trajectory towards sustainability is significant not only for the environment but also for industry stakeholders who can capitalize on the growing demand for eco-friendly products. The potential implications for DIY & Hardware store owners include diversifying their product offerings to include more sustainable options and partnering with local gardening experts to educate customers on environmentally-friendly practices. This trend also presents an opportunity for players in the Lawn & Garden market to differentiate themselves and gain a competitive advantage by promoting their eco-friendly initiatives.
Local special circumstances:
In Pakistan, the Lawn & Garden Market within the DIY & Hardware Store Market has unique local factors that influence its dynamics. The country's diverse terrain and weather patterns create a demand for specific lawn and garden products. Furthermore, cultural practices and preferences, such as the popularity of urban gardening, impact the market. Additionally, regulatory circumstances, including import tariffs and availability of raw materials, affect the price and availability of gardening equipment and supplies. These local factors differentiate the market from others and play a significant role in shaping its growth and development.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Pakistan is greatly impacted by macroeconomic factors such as the overall economic health of the country, fiscal policies, and global economic trends. The current economic climate in Pakistan has been unstable due to high inflation rates, political instability, and the ongoing COVID-19 pandemic. These factors have led to a decrease in consumer spending, affecting the demand for lawn and garden products in the country. Moreover, fiscal policies such as high taxes on imported goods and limited government funding for infrastructure development have also hindered market growth. However, with the government's focus on promoting local manufacturing and improving economic stability, the market is expected to gradually recover and experience growth in the coming years. Additionally, global economic trends such as increasing urbanization and rising disposable incomes are expected to drive demand for lawn and garden products in DIY and hardware stores in Pakistan.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights