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Global Home and Garden Market | Industry Analysis

Hyperconnectivity is expected to accelerate home and garden online sales and also pave the way towards the smart home future

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Global Home and Garden Market | Industry Analysis

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  1. Global Home and Garden Market AarkstoreEnterprise Business Services » Retail »

  2. Introduction

  3. Hyper connectivity is expected to accelerate home and garden online sales and also pave the way towards the smart home future. At the same time urbanization creates demand for apartment living, leading to opportunities for indoor gardening.  The entrance of external players into the home and garden industry will intensify competition over the forecast period, while the sharing economy plugs time and skills gaps and helps facilitate the shift away from do-it-yourself towards do-it-for-me behavior.

  4. HYPERCONNECTIVITY TO DRIVE SMART HOME ADOPTION • Rising smartphone possession and growing access to high-speed internet access will facilitate the use of smart devices within the home in the future.

  5. APARTMENT LIVING ON THE RISE • Urbanization leads to apartment living, putting pressure on selected home improvement and gardening categories, but also boosting interest in indoor gardening.

  6. DO- IT-YOURSELF VS.DO-IT-FOR-ME • Millennials in developed and developing markets are exhibiting do-it-for-me behavior, and the sharing economy is helping to plug time and DIY skills gaps.

  7. MILLENNIALS VS.BABY BOOMERS • Marketers tend to focus on millennials, but they should not overlook baby boomers, who possess higher average incomes, as well as cooking and DIY knowledge.

  8. EXTERNAL COMPETITION IN HOMEWARES &HOME FURNISHINGS • External brand owners and retailers are recognizing the untapped opportunities present in home furnishings, putting pressure on existing home and garden retailers.

  9. Related Reports • The World Market for Home and Garden • Department stores: Major trends transforming the retail landscape • Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023 • Global Induction Cooktop Market: 2018 World Market Review and Forecast to 2023 - Analysis By Type (Built-In, Freestanding), By Sales Channel (Retail Outlets, Online), By Region, By Country (2013-2023)

  10. Thank You Aarkstore Enterprise +91 9987295242 contact@aarkstore.com www.aarkstore.com

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