The US market for rubber and plastics garden hoses is projected to decline steadily from $114.39 million in 2024 to $81.19 million in 2028. This indicates a negative compound annual growth rate (CAGR) over the five-year period. The market saw a consistent yearly decrease, with a percentage drop each year that reflects weakening demand, changing consumer preferences, or potential saturation in the market.
For future trends, watch for:
- Increased emphasis on sustainable and recyclable materials, which could shift consumer preferences.
- Technological advancements in hose materials offering durability and efficiency.
- Potential market impact from climate-related changes affecting gardening needs.