Introduction
The lawn and garden equipment aftermarket is an ever-evolving sector of the global market, with a wide range of products and applications that are constantly being developed and improved. The aftermarket has been growing steadily in recent years, driven by an increasing demand for products that can help maintain and improve the appearance of residential, commercial, and municipal lawns and gardens. This market is divided into several segments, including lawn mowers, snow throwers, trimmers, and edgers, with each segment catering to different applications and end-users. This report provides an in-depth analysis of the global lawn and garden equipment aftermarket, including detailed market dynamics, market segmentation, and regional analysis.
Market Dynamics
The lawn and garden equipment aftermarket is driven by several factors, including increasing consumer awareness of the importance of lawn and garden care, rising disposable incomes, and the availability of advanced products and technologies. The introduction of new products and technologies, such as robotic lawn mowers and battery-powered trimmers and edgers, has revolutionized the sector and is driving the growth of the aftermarket. Additionally, the increased emphasis on environmental protection and sustainability has led to an increase in the demand for eco-friendly lawn and garden equipment, further boosting the growth of the aftermarket.
On the other hand, the high cost of advanced products and technologies and the need for skilled labor to operate them are some of the factors that are restraining the growth of the aftermarket. Additionally, government regulations and environmental concerns are limiting the use of certain products and technologies in certain regions.
Market Analysis
The global lawn and garden equipment aftermarket is segmented by type and application. By type, the market is segmented into lawn mowers, snow throwers, trimmers, and edgers. Of these, lawn mowers accounted for the largest share of the aftermarket, followed by snow throwers and trimmers and edgers. By application, the market is segmented into residential, commercial, and municipal. Of these, residential applications are expected to be the largest segment, followed by commercial and municipal applications.
On a regional basis, the lawn and garden equipment aftermarket is divided into North America, Europe, Asia-Pacific, and the Middle East and Africa (MEA). Of these, North America is expected to be the largest market due to the presence of a large number of leading players in the region. Europe is expected to be the second-largest market, followed by Asia-Pacific and MEA.
Future Trends
The lawn and garden equipment aftermarket is expected to witness significant growth in the coming years as a result of increasing demand from residential, commercial, and municipal end-users. Additionally, the introduction of new products and technologies, such as robotic lawn mowers, is expected to drive the growth of the market. Furthermore, the increasing emphasis on environmental protection and sustainability is expected to lead to an increased demand for eco-friendly products, such as electric lawn mowers and trimmers.
Key Regulations
The lawn and garden equipment aftermarket is subject to a number of regulations and standards that must be adhered to by manufacturers and distributors. These regulations and standards vary by region and are enforced by local authorities to ensure the safety of end-users and the environment. Additionally, certain regulations are in place to limit the use of hazardous products, such as gasoline-powered lawn mowers, in certain regions.
Segmental Overview
The lawn and garden equipment aftermarket can be segmented by type and application. By type, the market is segmented into lawn mowers, snow throwers, trimmers, and edgers. Lawn mowers are expected to be the largest segment of the aftermarket, followed by snow throwers and trimmers and edgers. By application, the market is segmented into residential, commercial, and municipal. Residential applications are expected to be the largest segment, followed by commercial and municipal applications.
Market Scenario
The lawn and garden equipment aftermarket is dominated by several international players, such as Deere & Company, Husqvarna, STIHL, Briggs & Stratton, MTD Products, Rotary Corporation, Stens, Toro, STIGA Group, Honda, Vollrath, Retlaw Industries, R&R Products, Tom Hassenfritz Equipment, and Oregon Products. These players have been focusing on introducing new products and technologies, engaging in business expansion activities, and forming strategic partnerships and collaborations to gain a competitive edge in the market. Additionally, new players are entering the market, such as Unison Industries, Echo Incorporated, Exmark Manufacturing Company, Ariens Company, Bad Boy Mowers, and Kawasaki Motors Corporation. These players are focusing on acquiring smaller companies and introducing new products to expand their presence in the market.
Qualitative Insights
The leading players in the lawn and garden equipment aftermarket are focusing on introducing new products and technologies to meet the changing needs of end-users. For instance, Deere & Company has introduced a robotic lawn mower, Husqvarna has launched a new range of battery-powered trimmers and edgers, and STIHL has introduced a range of chain saws. Additionally, these players are engaging in research and development activities to develop new products and technologies. Furthermore, they are focusing on forming strategic partnerships and collaborations to expand their product offerings.
The leading players in the market are also focusing on pricing strategies to gain a competitive edge. For instance, Husqvarna is offering discounts on its products, while Deere & Company is offering free financing options. Additionally, these players are focusing on consumer and end-user perceptions to develop marketing strategies.
Porter’s Five Force Analysis
The Porter’s Five Force Analysis
of the lawn and garden equipment aftermarket indicates that the market is highly competitive. The bargaining power of suppliers is low due to the presence of several suppliers in the market. The bargaining power of buyers is medium due to the presence of several end-users in the market. The threat of new entrants is medium due to the presence of several established players in the market. The threat of substitutes is low due to the lack of alternatives to lawn and garden equipment. The intensity of rivalry is high due to the presence of several players in the market.
Strategies Adopted by Companies
In the last four years, the leading players in the lawn and garden equipment aftermarket have adopted several strategies to gain a competitive edge. For instance, Deere & Company has launched a range of robotic lawn mowers, acquired Turfwerks, and formed a joint venture with Blue River Technology. Husqvarna has launched a range of battery-powered trimmers and edgers, acquired Gardena, and formed a joint venture with Ariens Company. STIHL has launched a range of chain saws, acquired VAPOR TECHNOLOGIES, and formed a partnership with Techtronic Industries. Furthermore, Briggs & Stratton has launched a range of engines, acquired Victa, and formed a partnership with the Royal Bank of Scotland.
Additionally, some of the new players in the market have adopted various strategies to gain a competitive edge. For instance, Unison Industries has launched a range of lawn mowers, Echo Incorporated has acquired Shindaiwa, and Exmark Manufacturing Company has formed a partnership with Briggs & Stratton. Moreover, Ariens Company has launched a range of snow blowers, Bad Boy Mowers has acquired American Pride Power Equipment, and Kawasaki Motors Corporation has formed a joint venture with KTM.
The lawn and garden equipment aftermarket is expected to witness significant growth in the coming years as a result of increasing demand from residential, commercial, and municipal end-users. Additionally, the introduction of new products and technologies, such as robotic lawn mowers, is expected to drive the growth of the market. Furthermore, the increasing emphasis on environmental protection and sustainability is expected to lead to an increased demand for eco-friendly products, such as electric lawn mowers and trimmers. The leading players in the market are focusing on introducing new products and technologies, engaging in business expansion activities, and forming strategic partnerships and collaborations to gain a competitive edge in the market.
The lawn and garden equipment aftermarket is an ever-evolving sector of the global market, with a wide range of products and applications that are constantly being developed and improved. The aftermarket has been growing steadily in recent years, driven by an increasing demand for products that can help maintain and improve the appearance of residential, commercial, and municipal lawns and gardens. This market is divided into several segments, including lawn mowers, snow throwers, trimmers, and edgers, with each segment catering to different applications and end-users. This report provides an in-depth analysis of the global lawn and garden equipment aftermarket, including detailed market dynamics, market segmentation, and regional analysis.
Market Dynamics
The lawn and garden equipment aftermarket is driven by several factors, including increasing consumer awareness of the importance of lawn and garden care, rising disposable incomes, and the availability of advanced products and technologies. The introduction of new products and technologies, such as robotic lawn mowers and battery-powered trimmers and edgers, has revolutionized the sector and is driving the growth of the aftermarket. Additionally, the increased emphasis on environmental protection and sustainability has led to an increase in the demand for eco-friendly lawn and garden equipment, further boosting the growth of the aftermarket.
On the other hand, the high cost of advanced products and technologies and the need for skilled labor to operate them are some of the factors that are restraining the growth of the aftermarket. Additionally, government regulations and environmental concerns are limiting the use of certain products and technologies in certain regions.
Market Analysis
The global lawn and garden equipment aftermarket is segmented by type and application. By type, the market is segmented into lawn mowers, snow throwers, trimmers, and edgers. Of these, lawn mowers accounted for the largest share of the aftermarket, followed by snow throwers and trimmers and edgers. By application, the market is segmented into residential, commercial, and municipal. Of these, residential applications are expected to be the largest segment, followed by commercial and municipal applications.
On a regional basis, the lawn and garden equipment aftermarket is divided into North America, Europe, Asia-Pacific, and the Middle East and Africa (MEA). Of these, North America is expected to be the largest market due to the presence of a large number of leading players in the region. Europe is expected to be the second-largest market, followed by Asia-Pacific and MEA.
Future Trends
The lawn and garden equipment aftermarket is expected to witness significant growth in the coming years as a result of increasing demand from residential, commercial, and municipal end-users. Additionally, the introduction of new products and technologies, such as robotic lawn mowers, is expected to drive the growth of the market. Furthermore, the increasing emphasis on environmental protection and sustainability is expected to lead to an increased demand for eco-friendly products, such as electric lawn mowers and trimmers.
Key Regulations
The lawn and garden equipment aftermarket is subject to a number of regulations and standards that must be adhered to by manufacturers and distributors. These regulations and standards vary by region and are enforced by local authorities to ensure the safety of end-users and the environment. Additionally, certain regulations are in place to limit the use of hazardous products, such as gasoline-powered lawn mowers, in certain regions.
Segmental Overview
The lawn and garden equipment aftermarket can be segmented by type and application. By type, the market is segmented into lawn mowers, snow throwers, trimmers, and edgers. Lawn mowers are expected to be the largest segment of the aftermarket, followed by snow throwers and trimmers and edgers. By application, the market is segmented into residential, commercial, and municipal. Residential applications are expected to be the largest segment, followed by commercial and municipal applications.
Market Scenario
The lawn and garden equipment aftermarket is dominated by several international players, such as Deere & Company, Husqvarna, STIHL, Briggs & Stratton, MTD Products, Rotary Corporation, Stens, Toro, STIGA Group, Honda, Vollrath, Retlaw Industries, R&R Products, Tom Hassenfritz Equipment, and Oregon Products. These players have been focusing on introducing new products and technologies, engaging in business expansion activities, and forming strategic partnerships and collaborations to gain a competitive edge in the market. Additionally, new players are entering the market, such as Unison Industries, Echo Incorporated, Exmark Manufacturing Company, Ariens Company, Bad Boy Mowers, and Kawasaki Motors Corporation. These players are focusing on acquiring smaller companies and introducing new products to expand their presence in the market.
Qualitative Insights
The leading players in the lawn and garden equipment aftermarket are focusing on introducing new products and technologies to meet the changing needs of end-users. For instance, Deere & Company has introduced a robotic lawn mower, Husqvarna has launched a new range of battery-powered trimmers and edgers, and STIHL has introduced a range of chain saws. Additionally, these players are engaging in research and development activities to develop new products and technologies. Furthermore, they are focusing on forming strategic partnerships and collaborations to expand their product offerings.
The leading players in the market are also focusing on pricing strategies to gain a competitive edge. For instance, Husqvarna is offering discounts on its products, while Deere & Company is offering free financing options. Additionally, these players are focusing on consumer and end-user perceptions to develop marketing strategies.
Porter’s Five Force Analysis
The Porter’s Five Force Analysis
of the lawn and garden equipment aftermarket indicates that the market is highly competitive. The bargaining power of suppliers is low due to the presence of several suppliers in the market. The bargaining power of buyers is medium due to the presence of several end-users in the market. The threat of new entrants is medium due to the presence of several established players in the market. The threat of substitutes is low due to the lack of alternatives to lawn and garden equipment. The intensity of rivalry is high due to the presence of several players in the market.
Strategies Adopted by Companies
In the last four years, the leading players in the lawn and garden equipment aftermarket have adopted several strategies to gain a competitive edge. For instance, Deere & Company has launched a range of robotic lawn mowers, acquired Turfwerks, and formed a joint venture with Blue River Technology. Husqvarna has launched a range of battery-powered trimmers and edgers, acquired Gardena, and formed a joint venture with Ariens Company. STIHL has launched a range of chain saws, acquired VAPOR TECHNOLOGIES, and formed a partnership with Techtronic Industries. Furthermore, Briggs & Stratton has launched a range of engines, acquired Victa, and formed a partnership with the Royal Bank of Scotland.
Additionally, some of the new players in the market have adopted various strategies to gain a competitive edge. For instance, Unison Industries has launched a range of lawn mowers, Echo Incorporated has acquired Shindaiwa, and Exmark Manufacturing Company has formed a partnership with Briggs & Stratton. Moreover, Ariens Company has launched a range of snow blowers, Bad Boy Mowers has acquired American Pride Power Equipment, and Kawasaki Motors Corporation has formed a joint venture with KTM.
The lawn and garden equipment aftermarket is expected to witness significant growth in the coming years as a result of increasing demand from residential, commercial, and municipal end-users. Additionally, the introduction of new products and technologies, such as robotic lawn mowers, is expected to drive the growth of the market. Furthermore, the increasing emphasis on environmental protection and sustainability is expected to lead to an increased demand for eco-friendly products, such as electric lawn mowers and trimmers. The leading players in the market are focusing on introducing new products and technologies, engaging in business expansion activities, and forming strategic partnerships and collaborations to gain a competitive edge in the market.
Key Benefits of the Report
- This study presents the analytical depiction of the Lawn and Garden Equipment After Market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the Lawn and Garden Equipment After Market share.
- The current market is quantitatively analyzed to highlight the Lawn and Garden Equipment After Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Lawn and Garden Equipment After Market analysis based on competitive intensity and how the competition will take shape in coming years
Lawn and Garden Equipment After Market Report Highlights
| Aspects | Details |
 By Types |
|
 By Applications |
|
 By Region |
|
 Key Market Players | Deere and Company Husqvarna STIHL Briggs and Stratton MTD Products Rotary Corporation Stens Toro STIGA Group Honda Vollrath Retlaw Industries R and R Products Tom Hassenfritz Equipment Oregon Products |
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