A new research report published by Fior Markets with the title Flexible Garden Hoses Market by Product Type (Soaker Hoses, Sprinkler Hoses, Expandable Hoses, Conventional Hoses, Others), Performance (Heavy & Super Heavy-duty Hoses, Medium Duty Hoses, Light Duty Hoses), Distribution Channel (Online, Offline), Regions, and Global Forecast 2021-2028.
The global flexible garden hoses market is expected to grow from USD 1.04 billion in 2020 to USD 1.45 billion by 2028, at a CAGR of 4.2% during the forecast period 2021-2028. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period 2021-2028. This growth is due to factors like increasing disposable income and rising consumer awareness about gardening activities. On the other hand, the Europe region accounted for the major market share of 32.7% in the year 2020 and is anticipated to grow throughout the projected period. The majority of European households have a private garden; this is expected to drive demand for gardening goods such as flexible garden hose over the projected timeframe. Europe is followed by North America, where a rising number of households are getting involved in gardening activities.
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Key players in the global flexible garden hoses market are Legacy Manufacturing Co., Craftsman, Water Right Inc., Gilmour, Melnor, Briggs & Stratton, Teknor Apex Company, Terraflex, Flexon Industries, and Swan Products, LLC, among others. Key companies are mainly focusing on developing new products, forming partnerships, and joint ventures to gain significant market share in the global flexible garden hoses market.
The product type segment consists of soaker hoses, sprinkler hoses, expandable hoses, conventional hoses, and others. The soaker hoses segment is leading the market and is forecasted to grow at the highest CAGR of 5.4% over the projected timeframe. Soaker hoses are becoming more common because they use close to 70% less water than sprinklers. Furthermore, no water is lost because it is guided directly into the roots of the soil, where it is most needed. These hoses are perfect for applications in planters and vegetable gardens. Based on performance, the global market has been divided into heavy & super heavy-duty hoses, medium duty hoses, and light duty hoses. The light-duty hoses segment is anticipated to grow at the highest CAGR of 4.6% over the forecast period due to factors like the hoses being lightweight, more convenient for everyday usage, and they have easy-to-connect couplings. On the basis of distribution channel the flexible garden hoses market has been segmented into online and offline. Offline dominated the market and held the largest market share of 62.4% in the year 2020. The presence of many versatile garden hose brands under one roof, which allows customers to easily compare prices and specifications, as well as assistance from knowledgeable employees, is expected to drive the development of the offline sales channel over the projected period. Some popular offline retailers are Walmart, Ace Hardware, Target, and A.M. Leonard.
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About the report:
The global flexible garden hoses market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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