North America Flexible Garden Hoses Market Market to Grow at a CAGR of 4.7% to reach US$ 353.04 million from 2021 to 2028

North America 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)

  • Report Code : TIPRE00025242
  • Category : Consumer Goods
  • Status : Published
  • No. of Pages : 105
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The North America flexible garden hoses market is expected to grow from US$ 255.39 million in 2021 to US$ 353.04 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.



Flexible garden hoses are the enhanced version of the conventional garden hoses. It is made with a firm inner membrane that enlarges when water fills in. The external cover protects the inner membrane from accidental punctures while the hose is in use. The flexible garden hose extends its length when there is high pressure in water, and it shrinks back to a more compact size when the pressure is released. The growing interest of consumers toward gardening activities, especially amid the COVID-19 pandemic, is driving the demand for garden supplies, including flexible garden hoses. Further, during the COVID-19 outbreak, many countries and international organizations encouraged people to enjoy and engage in gardening activities and complete their home improvement projects. Since most health organizations require individuals to self-isolate, people can still enjoy some activities while they are confined to their homes. For instance, in April 2020, Madison Satya Rhodes-Conway issued a statement on community gardens and COVID-19. In response to COVID-19, the mayor recommended that people engage in gardening on private land and community gardens because it can be a healthy outdoor activity and a necessary food source for many gardeners during the pandemic. Such activities will further boost the demand for garden supplies such as flexible garden hoses market
 

In North America, the US reported a huge number of COVID-19 cases. The country also faced significant consequences of the scarcity of workforces, which has hindered the manufacturing 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 North America 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 North America flexible garden hoses market. The manufacturers are developing innovative and high-quality hoses. For instance, the hoses developed by some manufacturers are not only conveyors that transport water from the tap to plants and lawns but are also part of a mobile irrigation solution that combines all components. The hose has strong pressure resistance and always maintains its shape. It has an innovative strong grip profile to ensure a perfect and firm fit between the hose and the original parts of the system. It is UV resistant as well as free of phthalates and heavy metals and is very suitable for watering plants on balconies, terraces, or gardens. After use, the hose will automatically roll up to the minimum size, so there is no need to roll it up again. In addition, HydroTech, a division of Winston Products, LLC, developed HydroTech Force Control, a patent-pending technology that prevents hoses from bursting or breaking. In addition to the thick latex lining, an extra layer of protection is added to the hose to prevent tearing at the connection points. Thus, product innovations in flexible garden hoses are giving rise to several key trends that will impact the flexible garden hoses market in the coming years.
 
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

North America Flexible Garden Hoses Market Segmentation


North America Flexible Garden Hoses Market – By Type


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

North America Flexible Garden Hoses Market – By Distribution Channel


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

North America Flexible Garden Hoses Market – By Country


  • US
  • Canada
  • Mexico
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. Swan Products LLC
  2. Legacy Manufacturing Company
  3. Fiskars Group
  4. Gilmour
  5. Teknor Apex Company
  6. Briggs & Stratton
  7. Craftsman
  8. Terraflex
  9. Flexon Industries
  10. Water Right Inc.
  11. Melnor Inc.

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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