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The Garden And Lawn Tools Market is estimated to grow at a CAGR of 3.41% and the size of the market is forecast to increase by USD 4,397.89 million between 2022 and 2027. The growth of the market depends on several factors, including the increasing number of product launches, the presence of government initiatives that promote gardening, and the increase in landscaping services.
This report extensively covers market segmentation by end-user (residential and commercial), product (lawnmowers, power tools, hand tools, and garden accessories), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing number of product launches is driving the growth of the global lawn & garden equipment market as vendors try to attract end-users by introducing new variants of garden and lawn tools with additional features that provide cost-saving benefits. This leads to increased sales and market share for vendors. An example of this is the introduction of Cub Cadet's IntelliPower technology in January 2020, which improves the ability of lawn equipment to tackle heavy, wet grass without slowing down. This availability of new products may encourage more end-users to invest in garden and lawn tools, further driving the gardening tool market growth.
The rising demand for smart gardening is a major trend in the lawn & garden equipment market as it allows for the incorporation of smart devices to perform gardening activities and make them simpler through on-time maintenance. Smart gardening allows end-users to receive alerts for adding nutrients and water to plants and get weather-related data. This has led vendors to develop innovative tools that can be integrated with smart gardening practices. Examples of such vendors include Husqvarna and Robert Bosch, who offer robotic garden and lawn tools such as Indego robotic lawnmowers. These robotic tools help end-users minimize manual intervention in gardening activities. This increased demand for smart gardening is likely to encourage vendors to develop more robotic garden and lawn tools, which will drive sales and accelerate the gardening tools market growth during the forecast period.
The rising demand for artificial grass is a major challenge impeding the growth of the lawn & garden equipment market. Artificial grass, made of synthetic fibers, looks like natural grass and can be used in home yards, golf courses, and sports fields. It remains well-manicured, requires minimal maintenance and is not highly vulnerable to adverse climatic conditions. It also provides economic advantages to end-users as it does not require regular watering and maintenance costs are low. Artificial grass is gaining popularity among end-users because of its ease of maintenance and low maintenance costs. This can lead to a decrease in the demand for garden and lawn tools as artificial grass does not require any further maintenance. This shift in demand may reduce the sales of garden and lawn tools and hinder the potential growth of the gardening tools market during the forecast period.
The report includes the adoption lifecycle of the gardening tools market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Garden and Lawn Tools Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the gardening tools market.
Deere and Co. - The company operates under multiple segments including production and precision agriculture, and construction and forestry among others, with a high focus on production and precision agriculture. The company under this segment?develops large and certain mid-size tractors, combines, cotton pickers, sugarcane harvesters and loaders, and soil preparation, seeding, application, and crop care equipment. The company's key offerings include a wide variety of garden and lawn tools.
The report also includes detailed analyses of the competitive landscape of the gardening tools market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the residential segment will be significant during the forecast period. The segment mainly comprises garden and lawn tools used in homes.
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The residential segment shows a gradual increase in the gardening tools market share of USD 13,166.72 million in 2017 and continued to grow until 2021. Grass lawns are cooler than cement and bare soil and provide fresh air across home surroundings. Hence, homeowners are expanding their garden and lawn spaces, which is increasing the sales of garden and lawn tools. Some of the vendors offering garden and lawn tools are also focusing on expanding their product offerings in the residential segment. Thus, the increasing focus of vendors on expanding their product offerings in the residential segment may accelerate the growth momentum of the gardening tools market during the forecast period.
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North America is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US is the leading country for the gardening tools market in North America. In the US, gardening is gaining popularity, and the percentage of households that grow food in homes or community gardens is increasing. Some of the associations in the region are focusing on supporting the development of landscapes. These factors can increase the demand for garden and lawn tools, which will drive market growth in the region during the forecast period. In addition, some of the end-users in the region are focusing on expansions which may increase the requirement for garden and lawn tools.
In 2020, the lawn & garden equipment market in North America witnessed certain challenges owing to the COVID-19 pandemic. However, due to the extended lockdown in North America, people were forced to stay and work from home, which led to a surge in interest in gardening among people. Therefore, a surge in the sales of garden and lawn tools over online platforms was seen in the residential segment. This helped the market is gaining traction in 2020. Moreover, the lifting of lockdown norms in 2021 due to the initiation of vaccination led to the resumption of recreational activities in North America. Public gardens and golf courses also reopened, which led to an increase in the demand for garden and lawn tools in 2021. Such factors are excepted to boost the growth of the regional gardening tools market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Garden And Lawn Tools Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.41% |
Market growth 2023-2027 |
USD 4,397.89 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.19 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 49% |
Key countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Corona Inc., Deere and Co., Emak Group, Excel Industries Inc., GREEN WALKER GARDEN PRODUCTS CO. LTD., Greenworks Tools, Hebei Sinotools Industrial Co. LTD, Honda Motor Co. Ltd, Husqvarna AB, KisanKraft Ltd., Lavanya International, Makita USA Inc., MTD Products Inc., Neill Tools Ltd., Oregon Tool Inc., Rhinoceros Manufacturing (Zhongshan) Ltd., Robert Bosch GmbH, Stanley Black and Decker Inc., and The AMES Companies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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