“Grand View Research, Inc. – Market Research And Consulting.”
According to report published by Grand View Research, the global flexible garden hoses market size was valued at USD 1.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027.
The global flexible garden hoses market is anticipated to witness a growth upsurge during the forecast timeframe and is likely to register a CAGR of 4.3%. A flexible garden hose is a well-known and widely accepted tool to replace the work of carrying heavy watering cans for watering purposes. The flexible garden hose can also be used for cleaning vehicles, garden tools, garden furniture, etc. quickly and easily.
Consumer inclination towards nursery activities, especially during the Covid-19 pandemic, is driving demand for gardening supplies like flexible garden hose. In August 2020, Central Garden & Pet announced vendor awards for 2020, which consists of participants from leading companies in the independent garden retailer center market. All these factors are likely to kickoff flexible garden hoses sales during the forecast period.
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As the COVID-19 pandemic sets in, an increasingly growing number of people are gaining interest in gardening activities. With the struggle to slow the pandemic crisis leaving most households self-isolated and food-obsessed. Novices have been observed to have a greater inclination for indoor plantation. According to the national garden bureau in March 2020, people were buying curbside from local IGCs, planting a veggie garden, plantation of an herb garden, redesigning the plantings in the front of the house, and create a new indoor display of plants.
Key Takeaways from the report:
- The medium-duty hoses in terms of revenue dominated the market in 2019, with a share of 45.3%. The growth of this segment can be owed to its flexibility and that is specially designed for lawn care and gardening needs. They are made with tough and weather-resistant vinyl cover for year-round use and a longer product life. These factors are set to drive growth in the coming years.
- Based on the distribution channel, the offline distribution channel segment accounted for the largest revenue share of more than 78.0% in 2019. The market is driven by the availability of a wide variety of products and numerous brands under one roof.
The conventional hoses product segment held the largest share of 62.7% in 2019
By performance, the medium-duty hoses segment accounted for the largest share of 45.3% in 2019
The offline distribution channel segment was valued at USD 822.8 million in 2019
Asia Pacific is expected to witness substantial growth over the forecast period with a revenue-based CAGR of 5.7% from 2020 to 2027.
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- Legacy Manufacturing Co.
- Water Right Inc.
- Teknor Apex Company
- Briggs & Stratton
- Swan Products,