Specialty Stores Segment to Dominate Europe Flexible Garden Hoses Market during 2021-2028
According to The Insight Partners market research study on “Europe Flexible Garden Hoses Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Distribution Channel and Country,” is expected to reach US$ 391.97 million by 2028 from US$ 296.36 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the Europe flexible garden hoses market along with the drivers and restraints pertaining to the market growth. An upsurge in the number of gardening activities and incrementing demand for expandable hoses are major factors driving the growth of the Europe flexible garden hoses market. However, fluctuations in the prices of raw materials may hinder the growth of Europe flexible garden hoses market.
In Europe, the UK reported a huge number of COVID-19 cases. It was significantly affected by a scanty worker availability, which hindered production of flexible garden hoses in early 2020. However, later in mid-2020 flexible garden hoses sales begun to rise. Social distancing and home confinement during the first wave of COVID-19 proved critical in helping governments flatten the infection curve; on the other hand, it raised concerns about possible negative consequences such as prolonged isolation or a sedentary lifestyle. In this scenario, gardening activities emerged as a significant trend due to their ability of reducing stress and home confinement-related dilemma. Furthermore, with the reopening of several enterprises, rapid pace of vaccine development and administration to public, and initiatives taken by various governments to support economic and industrial growth, the demand and production of flexible garden hoses is anticipated to rise across Europe in the coming years.
The market for Europe flexible garden hoses is segmented into type, distribution channel and country. Based on type, the market is segmented into regular hoses, soaker hoses, sprinkler hoses, expandable hoses, and others. In 2020, the regular hoses segment held the largest share in Europe flexible garden hoses market. Based on distribution channel, the Europe flexible garden hoses market is divided into supermarkets and hypermarkets, specialty stores, online retail, and others. The online retail segment is expected to be the fastest growing segment over the forecast period. Based on country, the Europe flexible garden hoses market is divided into Germany, France, Italy, UK, Russia and rest of Europe. In 2020, rest of Europe held the largest share in Europe flexible garden hoses market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe flexible garden hoses market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for flexible garden hoses.
Gardena, Fiskars Group, Teknor Apex Company, Briggs & Stratton, and Terraflex are some of the leading companies in the Europe flexible garden hoses market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.