PUBLISHER: MarketLine | PRODUCT CODE: 1219565
PUBLISHER: MarketLine | PRODUCT CODE: 1219565
Global Home & Garden Product Retail industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The home & garden products market consists of gardening and outdoor living products, home improvement products, and homewares. Gardening and outdoor living includes garden buildings, manual and electric garden tools, garden utensils, outdoor living products (garden furniture, barbecues, ornaments), and plants and growing media (bulbs, compost, domestic fertilizer, flowering plants, seeds, shrubs and trees). Home improvement includes retail (not trade) sales of decorating materials (paint, varnish, wall tiles, wallpaper), Electricals hardware (alarms, light fittings, plugs, switches), hardware (brackets, locks, nails, bolts, nuts, etc.), other materials (adhesive, aggregates, boards, cement, doors, window frames, glass, bricks, timber, etc.), and manual and power tools. Homewares includes retail sales of home hardware (crockery, cutlery, glassware, rubbish bins, storage, mechanical utensils and home devices e.g. scales), lamps and lampshades, textiles and soft furnishings (bathroom textiles, beddings, cushions, futons, hammocks, mattresses, table linen, furniture covers, doormats), and window dressings (blinds, curtain poles, rails, curtains, hooks). All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g. VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
The global home & garden product retail market had total revenues of $1,748.2 billion in 2021, representing a compound annual growth rate (CAGR) of 4.7% between 2017 and 2021.
Home Improvement and Gardening Supplies Specialists account for the largest proportion of sales in the global home & garden product retail market in 2021, sales through this channel generated $965.7 billion, equivalent to 55.2% of the market's overall value.
In contrast to many retail sectors, the home and garden product retail market has benefited from the impact of the COVID-19 pandemic. In 2021, the market surged to healthy growth, this is contributed to the rebound in home improvement activities and reopening of physical stores.