Global Garden Products Market to Exceed US$ 246 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
San Jose, CA (Vocus/PRWEB) January 11, 2011
Initially perceived as a complete market dampener, the global economic downturn brought some cheer to the garden products market as people turned towards gardening in an effort to curtail their monthly expenses owing to reduced spending power. In addition, long-term growth in the market is likely to be driven by an aging population and the heightened global concern regarding environment. Food contamination scares, rising disposable income level in the developing countries, growing influence of Western culture, and the emergence of gardening as a recreational activity or hobby, are also expected to entail increased investments in gardening as well as garden landscaping, thereby resulting in long-lasting positive effects on the gardening products market. Changing styles of modern living extend vital cues as to where the market is heading. Aspirational lifestyle desires, today, centers around furnishing and decoration. Aesthetically designed gardens furnished with garden poolside furniture, garden benches, swings, hammocks, ottomans, birdbaths, fountains, and toadstools, are just the right indications of sophisticated living.
Developed countries including the US, Canada, Australia, and most of the West European nations corner sizeable portion of gardening products market, particularly in the equipment segment as stated by the new market research report on Garden Products. Of late, consumer focus has shifted from plants, simple lawn and indoor garden accessories to the outdoors, thereby driving market for accessories such as candleholders, decorative planters, garden art and tabletop fountains. In addition, customers are also seeking unique and innovative products that differentiate their gardens from the neighbor’s and are even willing to shell out a premium for such products.
Within the garden products market, garden plants & seeds segment constitutes the largest market, followed by garden tools & implements, garden accessories, lawn and garden care products, and garden furniture segments. The garden furniture segment is anticipated to witness huge demand owing to the rise in backyard activities such as lawn parties, camping, and barbeque with friends and family, which creates a need for equipping the garden to support the numerous new backyard activities. Asia-Pacific represents the largest market for garden accessories.
“Go green” is the new mantra in the gardening products segment and is reflected by the trend towards organic gardening through the use of organic fertilizers and the use of energy-efficient garden equipment. Consequently, several new garden care products are being developed accordingly to offer gardeners expanded product choices. In order to target the growing customer base of women gardeners, gardening tools are being customized and innovatively designed for easy and convenient handling by women.
Product quality, performance, brand strength, and supply chain are the factors on which market players compete with one another. Major players operating regionally as well as globally in the garden products market include American Lawn Mower Company; Ames True Temper, Inc.; B&Q Plc; Central Garden & Pet Company; Deere & Co.; Draper Tools Ltd; Fiskars Corporation; Global Garden Products; Hayter Ltd.; Homebase Limited; Hozelock Ltd.; Husqvarna Outdoor Products, Inc.; Li-Lo Leisure Products Ltd.; L.R. Nelson Corp.; Melnor, Inc.; MTD Products Inc.; Murray, Inc.; Rain Bird Corporation; Ryobi Technologies, Inc.; Simplicity Manufacturing, Inc.; Spear & Jackson Plc; Stanley Black & Decker Corporation; The Coleman Company, Inc.; The Scotts Miracle-Gro Company; Toro Company; Wolf Garden Ltd.; The Garden Centre Group; and Wilkinson Sword.
The research report titled “Garden Products: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of consumer demographic/lifestyle trends, market drivers, issues, and challenges in the wake of the global economic crisis. The report also analyzes the garden products market in terms of different segments. Product markets analyzed in the report include Garden Plants & Seeds, Lawn & Garden Care, Garden Tools & Implements, Garden Furniture, and Garden Accessories. Latent demand patterns in all the segmental markets are also quantified across major geographic market verticals including the US, Canada, Japan, France, Germany, Italy, United Kingdom, Spain, Russia, Asia-Pacific, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Garden_Products_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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