Market Insights Consumer DIY & Hardware Store

Lawn & Garden - Sweden

Sweden

In Sweden, the revenue in the Lawn & Garden market is projected to reach €1.92bn in 2024.
It is anticipated that the market will experience an annual growth rate of 4.74% (CAGR 2024-2029).
When compared globally, in the United States leads in revenue generation with €123bn in 2024.
In terms of per capita figures, each person in Sweden is expected to contribute to revenues of €180.00 in 2024.
"Sweden's growing focus on sustainable living is driving a surge in demand for eco-friendly and organic lawn and garden products."

Key regions: Germany, Nigeria, Brazil, India, China

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Analyst Opinion

The Lawn & Garden Market within the DIY & Hardware Store Market in Sweden is currently experiencing minimal growth, impacted by factors such as seasonal demand fluctuations and the increasing popularity of DIY home projects. However, the market is expected to witness slight growth in the coming years due to the rising awareness of sustainable gardening practices and the convenience of online shopping for gardening supplies.

Customer preferences: The current trend in the Lawn & Garden Market within the DIY & Hardware Store Market is a growing preference for sustainable and environmentally-friendly gardening solutions. This is driven by an increasing awareness of the consequences of traditional chemical-based gardening methods on the environment and human health. Consequently, there has been a surge in demand for organic gardening products and tools, as well as an interest in alternative pest control methods such as companion planting and natural repellents. This trend is expected to continue as consumers prioritize eco-friendliness in their purchasing decisions.

Trends in the market: In Sweden, the Lawn & Garden Market within the DIY & Hardware Store Market is currently seeing an increase in demand for eco-friendly and sustainable gardening products, reflecting a growing trend towards environmentally-conscious consumer behavior. This trend is expected to continue, as consumers become more aware of the impact of their purchases on the environment and seek out products that align with their values. This shift in consumer preferences presents an opportunity for industry stakeholders to invest in and promote eco-friendly gardening solutions. Additionally, the rise of e-commerce and online shopping is opening up new avenues for retailers to reach a wider audience and for manufacturers to showcase their products. This trend is likely to accelerate, with more consumers turning to online channels for their gardening needs, creating a new competitive landscape in the market. It is important for industry stakeholders to stay updated on these trends and adapt their strategies accordingly to stay competitive in the market.

Local special circumstances: In Sweden, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's strong sustainability culture and eco-conscious mindset. This has led to an increasing demand for environmentally friendly products and practices, such as organic gardening and sustainable outdoor living. Additionally, strict regulations on the use of certain chemicals in gardening and landscaping have shaped the product offerings and buying behavior in this market.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Sweden is impacted by various macroeconomic factors, such as the overall economic health of the country, national fiscal policies, and global economic trends. Favorable economic conditions, including a stable regulatory environment and strong investments in infrastructure, can support the growth of the market. Similarly, the increasing prevalence of chronic diseases and aging population worldwide are driving the demand for innovative solutions in the Lawn & Garden Market, leading to faster market growth in countries with favorable economic conditions. Additionally, consumer spending and purchasing power, influenced by economic indicators such as GDP and inflation rates, also play a significant role in shaping the performance of the market in Sweden.

Methodology

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.