The Paint, Wallpaper & Supplies Market in Jordan is currently experiencing negligible growth, with factors such as low consumer demand and intense competition impacting its growth rate. Despite this, the market remains a crucial aspect of the DIY & Hardware Store Market in Jordan, providing convenient and accessible solutions for home improvement.
Customer preferences: As DIY and home improvement continue to gain popularity in Jordan, the Paint, Wallpaper & Supplies Market has seen a growing trend towards eco-friendly and sustainable products. This reflects a shift in consumer preferences towards more environmentally conscious choices. Additionally, there has been an increase in demand for customizable and personalized products, as individuals seek to add their own unique touch to their homes. This trend is also influenced by a growing preference for DIY projects, as more people look to save costs and add a personal touch to their home decor.
Trends in the market: In Jordan, there is a growing trend of consumers turning to DIY and hardware stores for their home improvement needs, including paint, wallpaper, and supplies. This can be attributed to the increasing popularity of home renovation and decoration projects, as well as the convenience and cost-effectiveness of DIY methods. This trend is expected to continue, with the paint, wallpaper, and supplies market projected to grow steadily in the coming years. As a result, industry stakeholders should focus on catering to the needs of DIY enthusiasts and expanding their product offerings to meet the growing demand for affordable and user-friendly home improvement solutions. This can potentially lead to increased market share and profitability for retailers in this sector.
Local special circumstances: In Jordan, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is influenced by the country's strong traditions of craftsmanship and home improvement. The market is also affected by the country's geographical location, which limits access to certain materials and influences their cost. Additionally, government regulations and cultural preferences can shape the types of products and services available in the market. For example, certain color preferences and design styles may be more popular in Jordan compared to other markets, influencing the demand for specific types of paint, wallpaper, and supplies.
Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Jordan is influenced by macroeconomic factors such as the country's overall economic health, government fiscal policies, and global economic trends. A strong economy and stable fiscal policies can lead to increased consumer spending and business investment, which can drive market growth. However, economic downturns and uncertainty can lead to decreased consumer confidence and spending, impacting the performance of the market. Additionally, fluctuations in global trade and currency exchange rates can also influence the market in Jordan.
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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