The Lawn & Garden market in the DIY & Hardware Store market in the United States is experiencing minimal growth, influenced by factors such as changing consumer preferences and a saturated market. Rising competition and the shift towards online shopping have also impacted the growth rate. However, the market is still expected to continue growing due to increasing awareness of sustainable gardening and the demand for convenient, do-it-yourself solutions.
Customer preferences: As homeowners are spending more time at home, there has been a noticeable uptick in their interest in gardening and outdoor activities. This trend is fueled by the desire for a sense of control and self-sufficiency, as well as the popularity of sustainable living and self-sustainable gardening practices. As a result, DIY & Hardware stores are increasingly offering a wider range of gardening supplies, including organic and eco-friendly options, to cater to this growing demand. Additionally, there is a growing interest in urban gardening, as more city-dwellers look to create their own green spaces in small or unconventional areas. This trend is expected to continue as consumers prioritize their physical and mental well-being, and seek ways to connect with nature in their own backyard.
Trends in the market: In the United States, the DIY and hardware store market is experiencing a rise in demand for eco-friendly lawn and garden products as consumers become more environmentally conscious. This trend is driven by a growing concern for sustainability and reducing chemical usage in outdoor spaces. As a result, manufacturers and retailers are focusing on developing and promoting organic and natural alternatives. This trend is expected to continue, as consumers increasingly prioritize environmentally-friendly products in their purchasing decisions, creating opportunities for the industry to cater to this growing market. Additionally, the increasing popularity of urban gardening and vertical gardening is also creating a demand for smaller, space-saving products and tools, presenting opportunities for innovation within the market.
Local special circumstances: In the United States, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's climate and diverse landscape. With different regions experiencing varying weather patterns, there is a demand for specific lawn and garden products to cater to these needs. Additionally, cultural trends also play a significant role, with Americans valuing outdoor living spaces and investing in home improvement projects. The market is also heavily regulated, with laws and regulations dictating the use of certain products and practices, creating a unique market dynamic.
Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in the United States is heavily influenced by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and financial indicators. The market is strongly affected by the overall state of the US economy, as well as consumer confidence and spending patterns. Other key factors include the housing market, consumer credit, and interest rates. In addition, regulatory and policy changes, such as tariffs and trade agreements, can greatly impact the market and its performance. As the US economy continues to grow and consumer spending remains strong, the Lawn & Garden Market within the DIY & Hardware Store Market is expected to see steady growth.
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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