The cordless garden equipment market share is expected to increase by USD 396.14 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.21%.
This cordless garden equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cordless garden equipment market segmentations by product (lawn mower, trimmer and edger, brush cutter, chainsaw, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA). The cordless garden equipment market report also offers information on several market vendors, including ANDREAS STIHL AG & Co. KG, Deere & Co., Emak Group, Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Oregon Tool Inc., Robert Bosch GmbH, Snow Joe LLC, and The Toro Co. among others.
What will the Cordless Garden Equipment Market Size be During the Forecast Period?
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Cordless Garden Equipment Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The product innovation and portfolio expansion is notably driving the cordless garden equipment market growth, although factors such as fluctuations in raw materials prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cordless garden equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cordless Garden Equipment Market Driver
Product innovation and portfolio expansion is a key driving factor impacting the global cordless garden equipment market growth. The global cordless garden equipment market is driven by continuous product innovations, with vendors focussing on offering garden equipment, which is convenient to use while contributing to a more sustainable environment. They also have advanced features such as three-speed options, variable speed trigger, and a dual-action cutting blade, which make the products suitable for commercial use.STIHL PRO cordless power systems cater to both private and professional landscape gardeners. These products are ideal for consumers looking for enhanced tool power and performance and can be used to maintain mid-sized garden and lawn areas as well as longer hedge stretches.
Key Cordless Garden Equipment Market Trend
Increasing strategic alliances is a key trend impacting the global cordless garden equipment market growth. Market competition is high at both the global and regional levels amid numerous vendors offering differentiated products. For gaining a competitive edge and sustaining their leading positions in the market, cordless garden equipment manufacturers are focusing on new strategies such as partnering with technology providers. Vendors are also forging several partnerships aimed at business expansions through product offerings via new distribution channels. Precision Makers specializes in autonomous technology for various equipment. The partnership will enable Deere to improve its electronic mowing solutions in cordless garden equipment. June 2020: Lidl launched two new cordless garden tools, i.e., Lidl Parkside 20V Cordless Hedge Trimmer and Lidl Parkside 20V Cordless Pressure Washer.
Key Cordless Garden Equipment Market Challenge
Fluctuations in raw materials prices will be a major challenge impacting negatively the global cordless garden equipment market growth. Fluctuations in raw materials prices Rubber, steel, and glass are the commonly used raw materials in cordless garden equipment. The market is subject to fluctuations in the prices of these raw materials. Significant fluctuations in rubber prices are caused by a systemic demand-supply imbalance in the global rubber market. Such price fluctuations bring unpredictability to the market and adversely affect production costs as they also reduce vendors profit margins. A decline in oil prices also influences the price of steel. Steelmakers find it difficult to estimate raw material prices given constant fluctuations. Therefore, high volatility in raw material prices is one of the major challenges for the global cordless garden equipment market.
This cordless garden equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global cordless garden equipment market is a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cordless garden equipment market during the forecast period.
Who are the Major Cordless Garden Equipment Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ANDREAS STIHL AG & Co. KG
- Deere & Co.
- Emak Group
- Honda Motor Co. Ltd.
- Husqvarna AB
- MTD Products Inc.
- Oregon Tool Inc.
- Robert Bosch GmbH
- Snow Joe LLC
- The Toro Co.
This statistical study of the cordless garden equipment market encompasses successful business strategies deployed by the key vendors. The cordless garden equipment market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
Product Insights and News
- ANDREAS STIHL AG & Co. KG - The company offers various cordless garden equipments which include shrub shears and hedgetrimmer, blower, brushcutter and others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cordless garden equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Cordless Garden Equipment Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the cordless garden equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Cordless Garden Equipment Market?
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53% of the market’s growth will originate from North America during the forecast period. US is the key market for cordless garden equipment in North America. Market growth in this region will be slower than the growth of the market in regions.
Important factors contributing to the market in the US are the launch of innovative and advanced products, the growing use of online platforms to buy garden improvement tools, increased demand for multi-functional grass trimmers, and the rising popularity of cordless grass trimmers will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Cordless garden equipment companies in the region have been impacted by the immediate impact of COVID-19, as their operations are being disrupted. This has adversely affected the whole supplier network, which has impacted the cordless garden equipment market in North America. Furthermore, the imposition of lockdowns after the second wave of COVID-19 in several countries, such as the UK and Germany, reduced the demand for cordless garden equipment till the end of 2020. In addition, the new strain of COVID-19 was found in Italy, the UK, and Denmark, which resulted in lockdown situations across Europe, which, in turn, affected all business activities. However, it is expected cordless garden equipment market will grow in the forecast years as manufacturing units have started after the lockdowns were lifted.
What are the Revenue-generating Product Segments in the Cordless Garden Equipment Market?
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The market share growth by the lawn mower segment will be significant during the forecast period. The key growth driver of this segment is regular production innovation stemming from technical advances. Technical advances in cordless garden equipment have seen the emergence of hybrid lawn mowers that work both on conventional fuel and electricity.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the cordless garden equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Cordless Garden Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.21% |
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Market growth 2021-2025 |
$ 396.14 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.72 |
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Regional analysis |
North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 53% |
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Key consumer countries |
US, UK, Canada, Germany, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ANDREAS STIHL AG & Co. KG, Deere & Co., Emak Group, Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Oregon Tool Inc., Robert Bosch GmbH, Snow Joe LLC, and The Toro Co. |
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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 forecast period |
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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. |
What are the Key Data Covered in this Cordless Garden Equipment Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive cordless garden equipment market growth during the next five years
- Precise estimation of the cordless garden equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the cordless garden equipment industry across North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cordless garden equipment market vendors
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