Europe Flexible Garden Hoses Market Market to Grow at a CAGR of 4.1% to reach US$ 391.97 million from 2021 to 2028

Europe Flexible Garden Hoses Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Regular Hoses, Soaker Hoses, Sprinkler Hoses, Expandable Hoses, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Publication Month : Oct 2021

  • Report Code : TIPRE00025243
  • Category : Consumer Goods
  • Status : Published
  • No. of Pages : 96
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The Europe flexible garden hoses market is expected to grow from US$ 296.36 million in 2021 to US$ 391.97 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.



The expandable hose is a relatively new type of garden hose. It can expand three times its original length when water pressure is activated and shrink to its original length when closed. This flexibility allows the expanded hose to drain automatically without kinks and tangles. Traditional hoses have several problems. For instance, in traditional hoses, to discharge water, you must hold it at different angles. However, in an expandable hose, the water is automatically discharged. Another problem with traditional rubber hoses is kinks, knots, or tangles. However, the kinks of the expandable hose are much lesser than those of the corresponding rubber hose because the latex it contains is more flexible than hard rubber. In addition, another problem with traditional hoses is that they are difficult to operate. The longer they are, the heavier they are. However, expandable hoses are about five times lighter than traditional hoses. Once the water is turned off, the expanded garden hose will return to its original length, making it easier to store than traditional rubber hoses. Thus, the growing demand for expandable hoses due to the various benefits offered by them is expected to drive the 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.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe flexible garden hoses market. Due to the rising working population and growing urbanization, stress among people is increasing, which can cause irritability, headache, stomach pain, even a heart attack, and worsen the preexisting condition of the body. However, in recent years, gardening has emerged as a recreational activity that helps to relieve stress. For instance, an experiment published in the Journal of Health Psychology compared gardening to reading as a stress-relieving activity. Compared to subjects who were assigned to read, subjects who were engaged in gardening had a greater stress reduction. Hence, the increasing adoption of gardening activities by the people is propelling the market growth. Further, gardening can also be used as a strategy to improve household food security and nutrition. Home gardens have also received a lot of attention in recent years. The number of people who grow organic food in the garden is increasing, especially in developed countries, and this is expected to increase the demand for garden supplies such as flexible garden hoses in the next few years. Thus, the rising number of gardening activities is catalyzing the development of the flexible garden hoses market.
 
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Europe Flexible Garden Hoses Market Segmentation


Europe Flexible Garden Hoses Market – By Type


  • Regular Hoses
  • Soaker Hoses
  • Sprinkler Hoses
  • Expandable Hoses
  • Others

Europe Flexible Garden Hoses Market – By Distribution Channel


  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
  • Others

Europe Flexible Garden Hoses Market – By Country


  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

  1. Gardena
  2. Fiskars Group
  3. Teknor Apex Company
  4. Briggs & Stratton
  5. Terraflex

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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