Market Insights Consumer DIY & Hardware Store

Lawn & Garden - Estonia

Estonia

In Estonia, the revenue generated in the Lawn & Garden market in 2024 amounts to €133.50m.
It is projected to experience an annual growth rate of 3.20% (CAGR 2024-2029).
When compared to global statistics, in the United States leads in revenue generation, with a total of €122bn in 2024.
Considering the population figures, the per person revenue in Estonia is €101.20 in 2024.
Estonia's growing interest in sustainable living has led to a surge in demand for eco-friendly lawn and garden products.

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

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Comparación de regiones

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Analyst Opinion

The Lawn & Garden market in Estonia for DIY & Hardware stores is facing negligible growth, impacted by factors like low consumer awareness and lack of convenience in online services.

Customer preferences: As the trend towards sustainability and organic living continues to grow, consumers in Estonia are seeking environmentally-friendly options for their lawn and garden care. This has led to an increase in demand for organic fertilizers, eco-friendly gardening tools, and natural pest control products. Additionally, there has been a rise in popularity of small-space gardening and urban gardening, as urban populations increase and space becomes limited. These shifts in consumer preferences reflect a greater emphasis on conscious living and a desire for more sustainable and healthier options in the Lawn & Garden Market within the DIY & Hardware Store Market.

Trends in the market: In Estonia's DIY & Hardware Store Market, there is a growing trend towards eco-friendly and sustainable lawn and garden products. This trend is driven by increased consumer awareness and concern for the environment. As a result, there has been a rise in the use of organic fertilizers, biodegradable pots, and eco-friendly tools. In addition, there is a growing demand for native plant species and drought-resistant plants. This trend is expected to continue, with industry stakeholders investing in developing and promoting more sustainable products to meet consumer demand. This could potentially lead to increased competition and innovation within the market as companies strive to stay ahead of the trend and meet the changing needs of consumers.

Local special circumstances: In Estonia, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's cold climate and short growing season. This has resulted in a demand for hardy plants, equipment, and tools that can withstand harsh weather conditions. Additionally, the eco-conscious mindset of the Estonian population has led to a focus on sustainability and organic gardening methods, creating a niche in the market for eco-friendly lawn and garden products. The country's strict environmental regulations also play a role in shaping the market, as retailers must adhere to strict standards for chemical usage and waste management.

Underlying macroeconomic factors: The growth of the Lawn & Garden Market within the DIY & Hardware Store Market is largely impacted by macroeconomic factors such as overall economic stability, consumer confidence and disposable income, and government policies and regulations. Countries with strong economic growth and supportive fiscal policies tend to have a higher demand for DIY & hardware products, including lawn and garden equipment. Additionally, as the global trend towards sustainable living and environmental consciousness increases, the demand for eco-friendly and energy-efficient gardening products is also on the rise, shaping the growth of the market.

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.