Garden Hose Demand to Grow 3% Annually Through 2021
October 23, 2017 (Investorideas.com Newswire) Demand for garden hoses in the US is forecast to rise 3% per year to $435 million in 2021. Growth will be driven by an improved economy and the development of the higher quality products that are most desired by consumers. Growth will be more broad-based compared to the previous five-year period due primarily to the leveling off of demand for expandable hoses. These and other trends are presented in Lawn & Garden Watering Products Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Conventional garden hoses continue to dominate the market, accounting for around 70% of all sales. A conventional garden hose is still seen by most households as a basic item required for typical maintenance activities. Further gains will result from disappointed buyers of expandable hoses reverting back to conventional hoses, which have a longer history of positive performance and durability.
Soaker hoses will see the fastest increase of sales at 6.4% per year through 2021. Despite the rapid gains, soaker hoses are expected to remain a niche product as their use is primarily limited to irrigation purposes.
Lawn & Garden Watering Products Market in the US (published 10/2017, 100 pages) is available for $4900 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email email@example.com.
Related studies include:
- #3501 Power Lawn & Garden Equipment Market in the US, 12th Edition (February 2017)
- #3439 Hand Tools (July 2016)
About The Freedonia Group, a division of MarketResearch.com
The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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