Gardening Equipment Market Research, 2031
The Global Gardening Equipment Market Size was valued at $40.40 billion in 2021, and is projected to reach $74.97 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
Gardening equipment are the accessories that are used to maintain gardens. These tools are made up of levers, toothed wheels, iron, and more. Gardening equipment is available in two types that are hand tools and power tools. These tools are majorly 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, trimmers, and more. These tools are widely adopted by users for mowing and lawn maintenance. The gardening equipment can be operated by manual, semi-automatic, and fully automatic operation. Technological advancements in gardening equipment are leading to the emergence of new and more efficient tools that are less energy-consuming, ergonomic, and time-saving for the end-users.
Market Dynamics
Rise in construction activities worldwide due to multiple reasons such as rapid industrialization, growth in population, urbanization, and other factors are expected to significantly drive the growth of the gardening equipment market in the upcoming years. Besides, the surge in middle-class population along with increasing disposable income are resulting in rising housing activities, especially in the Asia-Pacific region. These factors can enable individuals to adopt gardening as a hobby that can increase the demand for gardening equipment in these countries.
Moreover, technological advancements in the gardening equipment industry have led to the adoption of water management tools and lawnmowers for commercial and residential purposes. Hence, the market is anticipated to gain traction in the coming years. However, seasonal variations are the major restraining factors that hinder the market growth. Conversely, product developments such as lightweight tools along with the growth in popularity of using smartphone apps for gardening can attract the public to buy these tools. Thus, such factors is expected to boost the gardening equipment market opportunity during the forecast period.
Major players have adopted various key developmental strategies such as product launch and acquisition to sustain the intense competition and improve the product portfolio. For instance, Stanley Black & Decker, Inc. (MTD Products Inc.) launched professional gas outdoor power equipment consisting of power mowers, stand on mowers, and hydro walk mowers and expanded its product range.
The gardening equipment market is segmented into Product Type, End-User and Sales Channel 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).
On the basis of product type, the lawn mowers segment is generated largest revenue in 2021, due to advancement in technology to save energy, time and cost are anticipated to accelerate the gardening equipment market growth.
On the basis of region, North America registered highest share in the global gardening equipment market share in terms of revenue in 2021, owing to rise in population and rising disposable income is fueling the DIY market, thereby expected to boost the growth of gardening equipment industry. Furthermore, the majority of countries in the region are spending on residentials and commercial sector for the growth of their economies.
On the basis of end-user, the residential segment accounted for highest revenue in the global market in 2021 owing to the rising construction activities for rapid industrialization and growing population is expected to boost the demand for the global market.
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 global gardening equipment market trends and dynamics.
- In-depth global gardening equipment 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 analysed thoroughly, which help understand the competitive outlook of the gardening equipment industry.
Gardening Equipment Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By End-User |
|
 By Sales Channel |
|
 By Region |
|
 Key Market Players | KUBOTA Corporation, Stiga Group, Excel Industries, Inc., Deere & Company, Schiller Grounds Care, Inc., Stanley Black & Decker, Briggs Stratton, Robert Bosch Power Tools GmbH, Ariens Company, STIHL Holding AG & Co. KG, Honda Motor Co., Ltd, ECHO INCORPORATED, Husqvarna AB, Falcon Garden Tools, The Toro Company, Emak S.p.A., Hitachi Ltd. |
Analyst Review
The gardening equipment market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future due to increase in disposal income and rise in population. Moreover, technological advancements in the gardening equipment industry have led to the adoption of water management tools and lawnmowers for commercial and residential purposes. The lawn mowers segment accounted for the majority of the market share in 2021, owing to rise in advancements in battery powered engines that have increased the durability and efficiency of these mowers.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand their business and strengthen their market position. For instance, in January 2021, Stanley Black & Decker, Inc. (MTD Products Inc.) launched professional gas outdoor power equipment consisting of power mowers, stand on mowers, and hydro walk mowers and expanded its product range. As a result, such strategic moves are expected to provide lucrative growth in the global gardening equipment market.
The growth in popularity of the Do-It-Yourself are the upcoming trends of Gardening Equipment Market in the world.
Lawn Mowers is the leading product of Gardening Equipment Market.
North America is the largest regional market for Gardening Equipment.
The global gardening equipment market was valued at $40,403.6 million in 2021.
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,are the top companies to hold the market share in Gardening Equipment.
The top market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The base year considered in the global gardening equipment market report is 2021.
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