by Corinne Gangloff
October 7, 2021
Cleveland OH, October 7, 2021 – A new Freedonia Group analysis finds that the COVID-19 pandemic has spurred significant investment in improving home outdoor living spaces, including water feature installations:
As a result of trends in the residential market, demand for water features spiked in 2020 despite stagnancy in the commercial and recreation segments. While the high number of units sold in the residential market in 2020 will lead to a slow rate of expansion through 2025, rebounding commercial construction activity will aid gains, especially in the office, lodging, retail, and foodservice segments, where water features will be installed as part of larger improvement efforts to entice customers to return.
While demand growth for landscaping water features will be slow through 2025 as a result of the elevated demand levels of 2020, advances will be supported by:
However, the high cost and sizable outdoor space requirements of most water features – especially larger, more complex units, which can entail significant installation costs – will continue to limit the potential consumer base. Additionally, water conservation efforts and ongoing competition from site-built installations – excluded from this study – will restrain growth.
Want to Learn More?
Water Features in Landscaping is now available from the Freedonia Group. This study covers the United States market for landscape water features, which are defined as fountains, ponds, and waterfalls used in landscaping activities (excluding water features made from scratch using materials not specifically marketed as for use in water feature installations).
Historical data for 2010, 2015, and 2020 and forecasts to 2025 and 2030 are provided for demand in current dollars (which are not adjusted to account for inflation) by product, market, and US region.
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