Market Insights Consumer DIY & Hardware Store

Lawn & Garden - United Arab Emirates

United Arab Emirates

In the United Arab Emirates, the revenue in the Lawn & Garden market is projected to reach €1.45bn in 2024.
It is anticipated that the market will experience an annual growth rate of 2.87% (CAGR 2024-2029).
When compared to other countries, in the United States generates the highest revenue in this market, with €123bn in 2024.
On a per capita basis, the revenue generated in 2024 amounts to €151.20 per person.
The demand for artificial grass in the United Arab Emirates is steadily increasing due to its ability to withstand the extreme heat and drought conditions.

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

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Analyst Opinion

The DIY & Hardware Store Market in United Arab Emirates is experiencing negligible growth, impacted by factors such as low consumer interest and limited availability of resources. Despite this, the market is steadily expanding thanks to increasing awareness of DIY techniques and the convenience of online shopping.

Customer preferences: There has been a noticeable increase in demand for sustainable and environmentally-friendly lawn and garden products in the UAE. This trend is driven by a growing awareness of the impact of traditional gardening practices on the environment. Additionally, with the rise of urban gardening and smaller living spaces, there is a growing preference for compact and innovative gardening solutions. These factors are driving the market towards more eco-friendly and space-saving options.

Trends in the market: In the United Arab Emirates, there has been a significant increase in the demand for eco-friendly and sustainable gardening products within the Lawn & Garden Market in DIY & Hardware stores. This trend is being driven by the increasing awareness of environmental concerns and the preference for organic and chemical-free gardening solutions. Stakeholders in the industry are adapting to this shift by offering a wider range of eco-friendly products and promoting sustainable gardening practices. This trend is expected to continue to grow, emphasizing the need for industry players to embrace sustainable practices and offer eco-friendly options to meet consumer demand.

Local special circumstances: In the United Arab Emirates, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's unique geographical and cultural factors. With a desert climate and limited natural resources, the UAE has a high demand for landscaping and gardening products. Additionally, the local population's preference for outdoor living spaces and emphasis on aesthetics drives the demand for premium gardening and outdoor furniture products. The country's strict regulations on water usage also contribute to the market dynamics, as consumers seek sustainable and water-efficient gardening solutions.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in the United Arab Emirates is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's strong economy, stable fiscal policies, and large investments in infrastructure have created a favorable environment for market growth. Additionally, the increasing demand for home improvement and outdoor living solutions due to the rise in disposable income and urbanization is also driving the growth of the market. Furthermore, the government's initiatives towards sustainable development and promotion of green spaces in cities are expected to fuel the demand for lawn and garden products.

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.