Published on : Mar 27, 2017
Albany, New York, March 27, 2017: The expanding global market of home and garden products is the focus of the latest study, added to the massive offerings of Market Research Hub (MRH), titled as “Home & Garden Products Global Industry Guide-2016”. This 298 pages study, summarizes major information about the industry, including its market size value, during the period 2011 to 2015 and analysis of the market, providing insights into the market dynamics that are expected to influence the overall market negatively as well as positively in the next few years. For the future growth analysis, the report considers forecast period of 2016 to 2020.
Nowadays, as the living standard of people is rising on a greater scale, more focus is given to the interior designing that proportionally increases the demand of home as well as garden product worldwide. A wide range of home goods from generators to rugs to furniture and bedding are available in the market to make the interior look more elegant. It mainly consists of following:
- Gardening and outdoor living products
- Home improvement products
All of these are further sub-divided into its various segments, such as electric garden tools, garden utensils, outdoor living products and plants & growing media. Home improvement product includes retail sales of decorating material, electrical hardware etc. Whereas, homeware includes lamps and lampshades, textiles and soft furnishing, window dressing. The report further highlights main segments that are making up the global home & garden products market. Analysts have also used the Five Forces analysis to determine the competitive intensity and then attractiveness of the global home & garden products market.
Initially, the report starts with a brief overview of the home & garden products market along with its category and geography segmentation. Geographically, the report majorly focuses on some regions, such as Europe, Germany, Asia-Pacific, France, U.S., U.K, Spain, China, Canada, Australia, Japan and The Netherlands.
In terms of geography, the U.S. is the world's largest home and garden products market, accounting for 37.1% of the global market value in 2015. Employment and wage growth combined with falling oil prices are the prime reasons which have contributed to a robust market performance there.
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According to the study key highlights, in 2015, the global home & garden products market had total revenues of $1,291,222.4m, representing a CAGR of 4.1% between 2011 and 2015. By the end of 2020, the research analysts have estimated that it will grow rapidly due to the rising consumer’s interest in choosing premium lifestyle products; and its online availability by which customers get aware about the latest trends. Moreover, the report also adds that the consumers’ views about home improvement are slowly changing and they are spending more time and money on home improvement.
In the next section, the study also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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