SAN FRANCISCO, Aug. 27, 2020
SAN FRANCISCO, Aug. 27, 2020 /PRNewswire/ -- The global flexible garden hoses market size is anticipated to reach USD 1.5 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% from 2020 to 2027. A globally increasing number of families involved in lawn and gardening activities is likely to generate significant demand for gardening supplies, such as flexible garden hose, over the forecast period.
Key suggestions from the report:
Read 80 page research report with ToC on "Flexible Garden Hoses Market Size, Share & Trends Analysis Report By Product (Conventional, Soaker, Sprinkler, Expandable), By Performance, By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/flexible-garden-hoses-market
Private garden or garden in a community has many direct benefits to residents, but an auxiliary benefit of having such a naturalized landmark in the household or community. Gardening has also emerged in recent years as a scientifically proven stress reliever. There is also much attention to home gardens as a strategy to enhance household food security and nutrition. The rising number of people involved in growing organic food in their garden, especially in developed countries, is likely to create demand for gardening supplies, such as flexible garden hoses, in the coming years.
In response to COVID-19 lockdown and social distancing, several local governments are encouraging people to involve in gardening and other home projects. For instance, in April 2020, Mayor of Madison Satya Rhodes-Conway released a statement regarding community gardens and covid-19. In response to Covid-19, the mayor suggested people engage in vegetable gardening, both on private land and in community gardens, as it can be a healthy outdoor activity and is a necessary source of food for many gardeners amid the pandemic. These scenarios are likely to propel the demand for gardening supplies, such as flexible garden hose, in the coming years.
By product type, the conventional hoses segment is projected to remain at the forefront in terms of share and is projected to register a notable growth rate over the forecast period. High penetration of this product is attributed to its daily usability for gardening activities. The soaker hoses are projected to expand at the highest CAGR of 6.1% over the forecast period. It is known to reduce water waste by delivering the water right to the roots of fruits and vegetables.
The offline distribution channel is foreseen to remain the dominant segment over the forecast period. Several consumers prefer to buy the flexible garden hose from these stores as they can check product physically, compare them on the basis of price and quality, and can get technical assistance from skilled staff, which help them to make an informed choice. These factors are foreseen to fuel segment growth in the coming years.
Asia Pacific is projected to register the highest CAGR of 5.7% over the forecast period. Growth of this regional market is attributed to growing consumers' awareness regarding gardening and home improvement activities, coupled with budding support from the government. This, in turn, is likely to generate demand for flexible garden hose.
Grand View Research has segmented the global flexible garden hoses market based on product, performance, distribution channel, and region:
Flexible Garden Hoses Product Outlook (Revenue, USD Million, 2016 - 2027)
Flexible Garden Hoses Performance Outlook (Revenue, USD Million, 2016 - 2027)
Flexible Garden Hoses Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
Flexible Garden Hoses Regional Outlook (Revenue, USD Million, 2016 - 2027)
List of Key Players of Flexible Garden Hoses Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.