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 South Africa's DIY & Hardware Store industry is currently experiencing a negligible decline in growth rate. This can be attributed to factors such as the slowdown in consumer spending, increasing competition, and economic uncertainty. However, it is expected that the market will gradually rebound due to the growing popularity of DIY projects and the convenience of purchasing gardening supplies online.
Customer preferences: Consumers in South Africa are turning to sustainable and eco-friendly gardening solutions, opting for organic seeds, compost and natural pest control products. This reflects a growing trend towards more conscious and environmentally-friendly lifestyles. Additionally, there is a rising interest in urban gardening as people look for ways to grow their own produce and connect with nature in their increasingly urbanized lives. This has led to an increase in sales of urban gardening supplies and tools.
Trends in the market: In South Africa, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a trend towards more sustainable and eco-friendly products. This is driven by increasing consumer awareness and demand for environmentally-friendly options. In addition, there is a growing interest in urban gardening, with more people living in smaller spaces looking for innovative ways to incorporate greenery into their homes. These trends may have significant implications for industry stakeholders, as they may need to adjust their product offerings and marketing strategies to cater to the changing consumer preferences.
Local special circumstances:
In South Africa, the Lawn & Garden market within the DIY & Hardware Store market is heavily influenced by the country's diverse geography and climate. The country experiences varying weather patterns and extreme temperatures, which require specialized lawn and garden care products. Additionally, South Africa's cultural emphasis on outdoor activities and entertainment drives demand for aesthetically pleasing and functional outdoor spaces. Furthermore, the country has regulations in place to promote sustainable gardening practices, leading to the popularity of eco-friendly products. These unique factors play a critical role in shaping the Lawn & Garden market in South Africa and differentiate it from other markets.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in South Africa is affected by macroeconomic factors such as the performance of the national economy, government fiscal policies, and global economic trends. A strong national economy and favorable fiscal policies can lead to increased consumer spending on home improvement products, including lawn and garden equipment. On the other hand, a weak economy and unstable fiscal policies can negatively impact market growth. Furthermore, global economic trends, such as trade agreements and fluctuating exchange rates, can also affect the availability and cost of raw materials used in the manufacture of lawn and garden products. Keeping abreast of these macroeconomic factors is crucial for businesses operating in this market to make informed decisions and stay competitive.
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