Market Insights Consumer DIY & Hardware Store

Lawn & Garden - Algeria

Algeria

In Algeria, the Lawn & Garden market generates a revenue of €0.59bn in 2024.
It is projected to experience an annual growth rate of 1.32% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of €122bn in 2024.
In terms of per capita revenue, each person in Algeria generates €12.76 in 2024.
Despite its arid climate, Algeria has seen a rise in demand for drought-resistant plants and innovative irrigation systems in the lawn and garden market.

Key regions: Germany, Nigeria, Brazil, India, China

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Lawn & Garden market in Algeria is seeing minimal growth, influenced by factors like low consumer awareness and limited adoption of digital technologies. Convenience is not a significant driver in this market.

Customer preferences: As more Algerians embrace urban gardening and sustainable living, there is a growing demand for eco-friendly and organic options in the Lawn & Garden Market within the DIY & Hardware Store Market. This shift towards environmentally-conscious consumerism has also led to an increase in sales of sustainable gardening tools and equipment. Furthermore, with an aging population, there is an emerging market for ergonomic and user-friendly gardening products that cater to the needs of elderly consumers. These trends reflect a growing awareness and prioritization of health and sustainability among Algerian consumers.

Trends in the market: In Algeria, the lawn and garden market within the DIY & hardware store market is seeing a shift towards sustainable and eco-friendly products. This is driven by increasing awareness of environmental issues and a growing preference for organic and locally sourced products. Additionally, there is a rising demand for smart gardening tools and equipment that can be controlled via smartphone apps. These trends indicate a potential shift towards a more technologically advanced and environmentally conscious market, requiring industry stakeholders to adapt and innovate to meet changing consumer demands.

Local special circumstances: In Algeria, the Lawn & Garden Market within the DIY & Hardware Store Market is influenced by the country's unique geographical and cultural factors. The dry desert climate and traditional gardening practices shape the demand for specific products and drive the growth of local brands. Additionally, Algeria's strict regulations on imported goods present barriers to entry for international players, creating opportunities for domestic businesses to thrive in the market.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Algeria is influenced by macroeconomic factors such as consumer spending, government policies, and economic stability. Algeria's strong focus on sustainable development and its stable economic growth have resulted in increased consumer confidence and disposable income, leading to a higher demand for DIY and garden products. Additionally, the government's strategic investments in infrastructure and support for small and medium-sized enterprises have further boosted the market by creating a conducive business environment and promoting local production. Furthermore, as the country aims to diversify its economy and reduce its reliance on oil, the DIY and garden market is expected to experience sustained growth due to increased investments and consumer spending.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.