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 globally reached $1,191 billion in 2021, registering an increase of 5% 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.
The major countries in the home improvement and gardening products segment include China, the US, Japan, France, and Germany.
China and the US are the major markets in the global home improvement and gardening products segment, with a share of 13% and 46%, respectively.
The retail home improvement and gardening products market grew at a CAGR of 4.2% 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 indoor on account of lockdown restrictions.
The major companies that have a strong presence in the global home improvement and gardening products market include Travis Perkins, Kesko Corporation, and Lowe’s Home Improvement.
United States of America
Germany
Netherlands
United Kingdom
Japan
United States of America
Australia
United Kingdom
Switzerland
Russia
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