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Explore the latest trends and actionable insights on the APAC Home Retailing market to inform business strategy and pinpoint opportunities and risks

Market Size of Retail Home Improvement and Gardening Products in Asia-Pacific (2017-2021, $ Billion)

Industry: Home Improvement And Gardening Supplies Specialists
Current: Market Sizing & Shares

The market for retail home improvement and gardening products in Asia- Pacific reached $283 billion in 2021
China, Japan, and India are the major markets in the Asia- Pacific region for the home improvement and gardening products segment
The retail home improvement and gardening products market for Asia-Pacific grew at a CAGR of 2% during 2017–2021

Home Improvement and Gardening Products Segment : Industry Overview

Home improvement and gardening products are among the popular product categories in the retail industry. This segment offers a variety of products, including gardening and outdoor living products, garden utensils, flowering plants, decorating materials, and electrical hardware.

The market for retail home improvement and gardening products in Asia- Pacific reached $283 billion in 2021, registering an increase of 4% over that in the previous year. The market grew following the recovery in demand as consumer spending on lifestyle products increased amid a decline in COVID-19 cases, which led to the easing of restrictions on non-essential products globally. This enabled brick-and-mortar stores and online stores to resume their operations after being under restrictions for almost two years.

The impact of the COVID-19 pandemic on home improvement and gardening products varied across regions, as many countries did not impose complete restrictions on non-essential services, which aided the growth of the segment.

Moreover, due to the outbreak of the COVID-19 pandemic, consumers globally became more involved in activities such as decoration and home improvement.

China, Japan, and India are the major markets in the Asia- Pacific region for the home improvement and gardening products segment. Meanwhile, China remained the leader from Asia- the Pacific region for the global home improvement and gardening products with a share of 28%.

The retail home improvement and gardening products market for Asia-Pacific grew at a CAGR of 2% during 2017–2021. The growth of the segment was not affected due to the pandemic as most people globally increased spending on home improvement due to the longer stays indoors on account of lockdown restrictions.

The major companies that have a strong presence in the Asia- Pacific region for the home improvement and gardening products market include IKEA, Bed Bath & Beyond Inc, and Carpet Removal Sydney.

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