Gardening equipment help you to carry out your daily farming tasks easily, efficiently & economically, and provide the right conditions for the overall growth of the plant. This includes trowels, spades, rakes, hand tillers, tractors, lawn mowers, halos, secateur’s, garden forks, sprinklers, pruning shears, spray pumps, mowers and grafted knives. In addition, some manufacturers offer robotic mowers that facilitate labor-intensive work by killing weeds, removing crop residues, and promoting ventilation.
Rise in demand for technological advancements in gardening equipment such as emergence of robotic mowers, are giving rise to significant savings in terms of costs, energy as well as time, which is expected to boost the demand of the global market. In addition, rise in construction activities owing to rapid industrialization, growth in population, and other factors are expected to drive the growth of the gardening equipment market during the forecast period.
Major players are engaged in adopting key developmental strategies such as product launch and acquisition to sustain the intense competition and improve the product portfolio. For instance, in June 2021, STIHL added a cordless lawnmower to its successful product range of cordless power tools. This aims in diversifying the product portfolio. As a result, such factors are expected to create lucrative growth in gardening equipment market.
The market is segmented on the basis of product type, sales channel, end-user, and region. On the basis of product type, the market is divided into lawn mowers, handheld equipment and others. On the basis of sales channel, the market is divided into online and offline. On the basis of end-user, the market is divided into residential and commercial. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the gardening equipment market are Stanley Black & Decker, Robert Bosch Power Tools GmbH, Stiga Group, Excel Industries, Inc., The Toro Company, STIHL Holding AG & Co. KG, Deere & Company, Hitachi Ltd., Honda, Motor Co., Ltd, Husqvarna AB, Ariens Company, Briggs Stratton, Falcon Garden Tools, ECHO INCORPORATED, KUBOTA Corporation, Schiller Grounds Care, Inc., Emak S.p.A.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of the gardening equipment market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The gardening equipment market forecast analysis from 2022 to 2031 is included in the report.
- The key players with in gardening equipment market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the gardening equipment market.
Key Market Segments
By Product Type
- Lawn Mowers
- Handheld equipment
- Others
By End-User
- Residential
- Commercial
By Sales Channel
- Online
- Offline
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Stanley Black & Decker
- Robert Bosch Power Tools GmbH
- Stiga Group
- Excel Industries, Inc.
- The Toro Company
- STIHL Holding AG & Co. KG
- Deere & Company
- Hitachi Ltd.
- Honda Motor Co., Ltd
- Husqvarna AB
- Ariens Company
- Briggs Stratton
- Falcon Garden Tools
- ECHO INCORPORATED
- KUBOTA Corporation
- Schiller Grounds Care, Inc.
- Emak S.p.A.
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Table of Contents
Executive Summary
According to the report, titled, “Gardening Equipment Market," the gardening equipment market size was valued at $40.40 billion in 2021, and is estimated to reach $74.97 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.Gardening equipment are range of tools designed for gardening activities. These tools can be classified as hand tools and power tools. These tools are widely used for landscaping activities by commercial and residential users. The most commonly used tools for gardening are paving weeders, hand tools, fishtail weeders, snips, lawnmowers, and trimmers.
The growth in construction activities due to rapid industrialization and surge in population are the major factors that boost the demand for gardening equipment market. In addition, the growth in popularity of the Do-It-Yourself trend among the public is a key factor that can boost the growth of the gardening equipment market. Moreover, technological advancements in the gardening equipment industry have led to the adoption of water management tools and lawnmowers for commercial and residential purposes. Such factors are anticipated to boost the gardening equipment market growth during the forecast period.
Major players are engaged in adopting key development strategies such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in May 2022, Toro launched new robotic mower, delivering on technological innovation and helping diversifying its portfolio.
North-America accounted for the largest share of the global gardening equipment market share in terms of revenue in 2021, owing to rise in demand for landscaping and beautification endeavors from the commercial and residential construction sectors. However, Asia- pacific is expected to register highest CAGR during the forecast period. This is due to increase in R&D investments in developing countries and rise in government investments day-by-day in construction activities.
However, during the COVID-19 pandemic, various manufacturers in the gardening equipment market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of gardening equipment companies. In addition, lack of manpower and raw materials also constricted supply of gardening equipment, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of gardening equipment companies.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global gardening equipment market trends and dynamics.
- Depending on product type, the lawn mowers segment has dominated the gardening equipment market, in terms of revenue in 2021 and air filtration system is projected to grow at a significant CAGR during the forecast period.
- By end-user, the residential segment has registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the global gardening equipment market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the gardening equipment industry.
- The gardening equipment market forecast analysis from 2022 to 2031 is included in the report.
- In-depth global gardening equipment market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Stanley Black & Decker
- Robert Bosch Power Tools GmbH
- Stiga Group
- Excel Industries, Inc.
- The Toro Company
- Stihl Holding AG & Co. Kg
- Deere & Company
- Hitachi Ltd.
- Honda Motor Co. Ltd
- Husqvarna Ab
- Ariens Company
- Briggs Stratton
- Falcon Garden Tools
- Echo Incorporated
- Kubota Corporation
- Schiller Grounds Care, Inc.
- Emak S.P.A.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 212 |
Published | July 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 40403.6 million |
Forecasted Market Value ( USD | $ 74972.8 million |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
No. of Companies Mentioned | 17 |