Global Garden and Lawn Tools Market by End-user, Product, and Geography - Forecast and Analysis 2023-2027

Garden and Lawn Tools Market Forecast 2023-2027

The Garden And Lawn Tools Market is estimated to increase by USD 4.39 billion and grow at a CAGR of 3.41% between 2022 and 2027. The expansion of the market hinges on various factors, such as the rising frequency of product introductions, governmental initiatives endorsing gardening, and the uptick in landscaping services. Challenges encompass the growing favor towards pre-owned and leased garden and lawn equipment, concerns regarding the safety risks linked with the products, and the surging demand for artificial grass.  Corporations are harnessing innovation to unveil fresh iterations of gardening merchandise, spanning from planting and hand tools to electric and battery-powered options tailored to the tastes of millennials and other consumer demographics. These inventive solutions, exemplified by Cub Cadet's IntelliPower technology, heighten the effectiveness and capabilities of lawn equipment, drawing in end-users in search of both cost-effective advantages and enhanced functionality. Consequently, noticeable upticks in sales and market presence are evident, propelling the overall growth of the industry. 

What will be the size of the Garden And Lawn Tools Market During the Forecast Period?

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Segmentation

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.

By End-user

The market share growth by the residential segment will be significant during the forecast period. The segment mainly comprises of these products used in homes. 

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The residential segment showed a gradual increase in the market share of USD 13.17 billion 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 sales. Some of the companies offering are also focusing on expanding their product offerings in the residential segment. Thus, the increasing focus of companies on expanding their product offerings in the residential segment may accelerate the growth momentum of the market during the forecast period. 

By Region

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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, 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.

Market Dynamics and Customer Landscape

The market is experiencing significant growth due to various drivers and trends. One key driver is the increasing adoption of eco-friendly gardening practices among consumers, fueled by growing environmental awareness and concerns. As more individuals prioritize sustainability, there's a rising demand for energy-efficient and environmentally friendly gardening equipment. This includes products powered by lithium-ion batteries, which offer an eco-friendly alternative to traditional gas-powered equipment. Additionally, the emphasis on environmentally friendly gardening practices is leading to the development of technologically sophisticated products designed to minimize environmental impact while maximizing efficiency. This trend is particularly appealing to millennials, who are increasingly engaging in outdoor activities and seeking innovative solutions for maintaining their outdoor spaces.

Another driving force in the market is the shift towards online purchasing and the integration of internet-based sales channels. With the convenience of Internet shopping, consumers can easily access a wide range of equipment, compare prices, and read reviews from other users. Furthermore, the availability of guidelines and tutorials online provides valuable assistance to both novice and experienced gardeners, influencing their purchasing decisions. As battery-powered and portable products gain popularity, manufacturers in the lawnmower sector are investing in developing lightweight and ergonomic equipment to cater to the evolving needs of consumers. The reduction in Li-ion battery costs also contributes to the market's growth by making eco-friendly products more affordable and accessible to a broader audience.

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.

Key Market Driver

The global market is experiencing growth propelled by a surge in product launches aimed at meeting diverse consumer needs. Companies are leveraging innovation to introduce new variants of gardening products, including planting, hand, electric tools, and battery-powered options, to cater to the preferences of millennials and other consumer segments. These innovations, such as Cub Cadet's IntelliPower technology, enhance the efficiency and performance of lawn equipment, attracting end-users seeking cost-saving benefits and improved functionality. As a result, increased sales and market share are observed, driving the overall expansion of the market.

Moreover, the growing popularity of eco-friendly gardening practices and environmentally friendly equipment is influencing market dynamics. Consumers are increasingly inclined toward energy-efficient and sustainable solutions, leading to the development of technologically sophisticated equipment and ergonomic designs. Factors such as internet purchasing and lightweight, portable power tools further facilitate consumer access and adoption, contributing to the market's upward trajectory. Additionally, advancements in lithium-ion battery technology are reducing costs and enhancing the viability of battery-powered products, bolstering market growth and driving innovation in the lawn and garden equipment sector.

Significant Market Trends

The rising demand for smart gardening is a major trend in the 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 companies to develop innovative products that can be integrated with smart gardening practices. Examples of such companies include Husqvarna and Robert Bosch, who offer robotic products such as Indego robotic lawnmowers. These robotic products help end-users minimize manual intervention in gardening activities. This increased demand for smart gardening is likely to encourage companies to develop more robotic products, which will drive sales and accelerate market growth during the forecast period.

Major Market Challenge

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 demand as artificial grass does not require any further maintenance. This shift in demand may reduce sales and hinder the potential growth of the market during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the 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 Market Customer Landscape

Who are the Major Garden and Lawn Tools Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the 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 companies, including:

• Corona Inc.
• 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 & Decker Inc.
• The AMES Companies Inc.

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

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. 

• End-user Outlook 
  • Residential
  • Commercial

• Product Outlook 
  • Lawnmowers
  • Power tools
  • Hand tools
  • Garden accessories

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

Market Analyst Overview

The market is experiencing significant growth driven by various factors. These include the rising demand for planting, agricultural, and horticultural tools, along with the adoption of eco-friendly and energy-efficient gardening practices. Millennials are increasingly investing in outdoor spaces, leading to an increase in the market for technologically sophisticated equipment like battery-powered tools and irrigation systems. Online shopping is reshaping consumer behavior, facilitating the purchase of battery-based tools and DIY projects. The market also sees a surge in demand for professional landscaping services and a focus on ergonomic designs and lightweight equipment, propelled by concerns about user comfort and efficiency.

Moreover, the market is witnessing robust growth, driven by various factors such as the increasing demand for planting, agricultural, and gardening tools. Consumers are embracing eco-friendly and energy-efficient practices, leading to a surge in the adoption of environmentally friendly equipment like electric tools and lithium-ion battery-powered devices. With the growing popularity of internet purchasing, guidelines for using these tools are readily accessible online. Additionally, the market sees a rising interest in innovative gardening techniques like hydroponics alongside the demand for traditional hand tools such as spades, shovels, and pruners, catering to both DIY enthusiasts and professional landscapers.

The market also is thriving with a diverse array of products catering to various gardening needs. From planting tools to hedge trimmers, chainsaws, and blowers, there's a wide selection available to suit every gardening task. There's a growing trend towards eco-friendly and energy-efficient practices, driving the demand for environmentally friendly equipment powered by lithium-ion batteries. Hydroponic gardening techniques are gaining popularity, with advanced systems for pH and fertilizer regulation. Professionals and DIY enthusiasts alike benefit from ergonomic and battery-powered tools designed for comfort and convenience. Additionally, the market sees investments from single-family construction projects, with a focus on outdoor entertainment areas and the demand for tools preferred by professional architects and landscapers. The market is witnessing a surge in demand driven by the growing adoption of eco-friendly gardening practices and the emphasis on energy-efficient and environmentally friendly solutions. As the growing season approaches, consumers seek tools like augers and gas-powered gardening tools to support their gardening endeavors. Original Equipment Manufacturers (OEMs) play a pivotal role in meeting this demand by offering a diverse range of products designed to enhance efficiency while minimizing environmental impact. Additionally, factors such as the cost of goods and single-family construction expenditure influence purchasing decisions, further shaping the landscape of the agricultural and gardening tools market.

Furthermore, the market encompasses a wide range of equipment tailored for agricultural and gardening needs. From traditional manual tools to advanced gas-powered and battery-powered equipment, there's a solution for every gardening task. With an increasing emphasis on eco-friendly practices, there's a growing demand for energy-efficient and environmentally friendly tools powered by lithium-ion batteries. Hydroponic systems equipped with pH regulation and water recycling capabilities are gaining traction, especially among professionals and single-family construction projects. Ergonomic designs ensure user comfort, while semiconductors and advanced technology drive innovation in the sector. Professional architects and landscapers benefit from specialized tools designed for precision and efficiency, including striking tools, weeders, hoes, forks, rakes, and foldable shovels.

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 4.40 billion
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 companies, Market Positioning of companies, 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 forecasting, 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 market research 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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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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