The garden will continue to be an economic boom, and the future market is expected to be as high as $130 billion

As an important place for daily family activities and social interaction, the courtyard often becomes a place where people spend a lot of time and energy. In the courtyard, people can carry out various activities, such as planting, cooking, gathering and socializing. It is because of these rich activities that the yard economy is growing rapidly today and is a focus for consumers in the United States and around the world.

Statistics show that Americans spend more than $48 billion on yard supplies each year, which means that more than half of American households invest time and effort in outdoor gardening activities. These figures and facts show that the courtyard economy has become a large market and is expected to continue to grow in the coming years.

In the United States, for example, statistics show that 68% of the population has yard equipment, which means that almost one out of every two people has yard equipment. In addition, the average person spends about 14 hours per week in outdoor courtyards, which indicates that people spend a lot of time and energy in courtyards.

In the UK, more than 90% of households have a garden, and the UK’s adult gardeners spend £30,000 in their lifetime on gardening, directly generating $4.7 billion a year. In Germany, more than 80 percent of households have small gardens, and at least 22 percent of the country’s population is a gardener. In Canada, from 2016 to 2020 alone, retail sales of Canadian lawn and garden products, equipment and plants grew 1.8 times to $5.81 billion.

At the same time, Statista’s report also pointed out that the global demand for garden equipment and yard supplies is expanding rapidly, and sales are expected to reach $130 billion by 2024. This shows that the courtyard economy is a booming market that is expected to continue to grow in the coming years.

On the e-commerce platform, the heat of the courtyard economy continues to rise. On Amazon, for example, yard lawns and gardening was the third most-watched category, behind tools and handmade goods. And on TikTok, the popularity of the garden economy is on the rise, thanks to the popularity of videos about family farming and garden farming on the short video platform. These videos have not only promoted the popularity of the garden economy, but also led to the sale of related products on e-commerce platforms such as Amazon.

To sum up, garden economy has become a market trend that can not be ignored, it is not only a simple gardening activity, but also a reflection of life attitude and family values. With the continuous improvement of people’s attention to health, environmental protection and family life, the garden economy will continue to maintain rapid growth momentum in the future.