Market Insights Consumer DIY & Hardware Store

Lawn & Garden - Angola

Angola

In Angola, the revenue generated in the Lawn & Garden market amounts to €0.36bn in 2024.
It is projected that the market will experience an annual growth rate of 5.92% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, with €123bn in 2024.
Taking into account the total population, the per person revenue generated in Angola in 2024 is €9.51.
The demand for landscaping services in Angola is rapidly increasing as the country's middle class grows and urban areas expand.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

In Angola, the Lawn & Garden market in the DIY & Hardware Store market is experiencing minimal growth due to factors such as low consumer awareness, limited access to online services, and lack of disposable income for home improvement projects. However, with increasing urbanization and rising interest in DIY projects, there is potential for further growth in the future.

Customer preferences: One notable trend in the Lawn & Garden Market within the DIY & Hardware Store Market is the growing interest in sustainable and eco-friendly products. With increasing awareness about the impact of traditional gardening methods on the environment, consumers are seeking alternatives such as using organic fertilizers and opting for drought-resistant plants. This is driven by a shift towards more environmentally conscious lifestyles and a desire to reduce their carbon footprint. Additionally, there is a rise in demand for innovative gardening tools and techniques that support sustainable practices.

Trends in the market: In Angola, there is an increasing demand for lawn care and gardening products within the DIY & Hardware Store Market. This trend is driven by a growing interest in home improvement and outdoor living spaces. In the Lawn & Garden Market, there is a noticeable shift towards eco-friendly and sustainable products, as consumers become more conscious of the environmental impact of their choices. This trajectory is expected to continue as consumers prioritize environmentally-friendly choices and seek out products that align with their values. Industry stakeholders should take note of this trend and consider incorporating green and sustainable products into their offerings to stay competitive in the market. This also presents an opportunity for companies to differentiate themselves and appeal to a larger customer base.

Local special circumstances: In Angola, the Lawn & Garden Market within the DIY & Hardware Store Market is heavily influenced by the country's climate and geography. The tropical climate and fertile soil create ideal conditions for gardening and outdoor activities, driving demand for lawn and garden supplies. Additionally, the country's high rate of urbanization has led to an increase in DIY and home improvement projects, further boosting sales in this market. Unlike other markets, Angola's strict import regulations also play a role in limiting external competition and fostering the growth of local brands and businesses. These factors contribute to the unique dynamics of the lawn and garden market in Angola.

Underlying macroeconomic factors: The Lawn & Garden Market within the DIY & Hardware Store Market in Angola is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The market growth is closely tied to the overall economic conditions of the country, with strong economic growth leading to higher consumer spending on lawn and garden products. The government's fiscal policies, such as tax incentives and subsidies, also play a significant role in driving market growth by promoting investments in the DIY & hardware sector. Additionally, the increasing focus on sustainable and eco-friendly practices has also led to a growing demand for lawn and garden products, driving the market in a positive direction.

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.