In Turkmenistan, the Lawn & Garden Market in the DIY & Hardware Store Market is experiencing minimal growth, influenced by factors such as low consumer awareness and limited access to digital technologies. However, with increasing focus on health and convenience, the market is expected to slowly expand in the coming years.
Customer preferences: As more people become environmentally conscious, there has been a growing trend towards eco-friendly and sustainable gardening practices. This includes the use of natural fertilizers, composting, and opting for native plants. Additionally, there has been a rise in the popularity of vertical and container gardening, especially for those living in urban areas with limited space. This trend is reflective of Turkmenistan's emphasis on preserving its natural resources and promoting a greener way of living.
Trends in the market: In Turkmenistan, the Lawn & Garden Market within the DIY & Hardware Store Market is experiencing a steady growth in demand for eco-friendly and sustainable products. This trend is driven by increasing awareness of environmental issues and a preference for natural and organic solutions. Industry stakeholders are investing in research and development for innovative green products to meet this demand. As the trend towards sustainable living continues to grow, there is significant potential for industry players to tap into this market and establish themselves as leaders in the green gardening sector.
Local special circumstances: In Turkmenistan, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's geographical location and arid climate. The limited availability of water and the prevalence of desert-like conditions make gardening and lawn care challenging, leading to a demand for drought-resistant plants and efficient irrigation systems. Additionally, Turkmenistan's cultural preference for outdoor spaces and community gardening initiatives further drives the demand for lawn and garden products in the country. On the regulatory front, the government's conservation efforts and restrictions on water usage also impact the market, promoting the adoption of sustainable gardening practices.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Turkmenistan is impacted by various macroeconomic factors. These include global economic trends, such as the increasing demand for DIY and outdoor living products, as well as national economic health and fiscal policies. The market is also influenced by relevant financial indicators, such as consumer spending, disposable income, and housing market trends. Additionally, government initiatives to promote gardening and landscaping in the country, coupled with the growing popularity of home improvement projects, are further driving the growth of the lawn and garden market in Turkmenistan.
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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