Lawn & Garden Equipment Market: Growth, Trends by 2024

The global lawn & garden equipment market size was USD 29.58 billion in 2020. The market is projected to grow from USD 31.52 billion in 2021 to USD 50.85 billion in 2028 at a CAGR of 7.1% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with lawn & garden equipment witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a lower growth of 6.3% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

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Lawn & Garden Equipment Market Share, Size & COVID-19 Impact Analysis, By Equipment Type (Lawn Mower, Chainsaws, Cutters and Shredders, Trimmers and Edgers, and Others), By Power (Gas, Electric, and Manual), By End-use (Residential, Playgrounds, and Golf Courses), and Regional Forecast Between, 2021-2028

Top Companies of lawn & garden equipment market:

• Deere & Company (U.S.)
• Husqvarna Group (Sweden)
• Falcon Garden Tools Pvt. Ltd. (India)
• Robert Bosch Power Tools GmbH (Germany)
• American Honda Motor Co., Inc. (U.S.)
• AriensCo (U.S.)
• The Toro Company (U.S.)
• Fiskars Group (Finland)
• Stanley Black & Decker, Inc. (MTD Products Inc) (U.S.)
• Emak S.p.A. (Italy)

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Lawn & Garden Equipment Market Drivers and restrains:

• Drivers:
  • Growing Interest in Home Landscaping: Increasing interest in home gardening and landscaping drives demand for lawn and garden equipment as homeowners seek to enhance their outdoor spaces.
  • Technological Innovations: Advancements in technology, such as battery-powered and smart equipment, improve efficiency and user convenience, boosting the market for modern lawn and garden tools.
  • Urbanization and Suburban Development: Expansion in urban and suburban areas increases the number of residential properties requiring lawn and garden maintenance, contributing to market growth.
  • Focus on Sustainable Practices: The growing emphasis on sustainable and eco-friendly gardening practices drives the adoption of equipment designed for efficient water use, organic gardening, and reduced environmental impact.
  • Seasonal and Promotional Sales: Seasonal promotions and discounts, particularly during peak gardening seasons, stimulate consumer purchases of lawn and garden equipment.
• Restraints:
  • High Initial Costs: The significant upfront cost of purchasing advanced lawn and garden equipment can be a barrier for some consumers, particularly in price-sensitive markets.
  • Maintenance and Repair Costs: Ongoing maintenance and repair costs can affect the total cost of ownership and deter consumers from investing in more expensive equipment.
  • Seasonal Demand Fluctuations: Seasonal variations in demand, with higher sales during spring and summer and lower during fall and winter, can lead to inconsistent revenue and inventory management challenges.
  • Environmental and Noise Regulations: Stricter regulations on emissions and noise levels for lawn and garden equipment can increase compliance costs and limit equipment options.
  • Competition from Low-Cost Alternatives: The presence of low-cost or generic alternatives in the market can pressure established brands to lower prices, affecting profitability and market share.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the lawn & garden equipment market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the lawn & garden equipment market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (Equipment Type, Power, End-use, and Country)
  • U.S. (By End-use)
  • Canada (By End-use)
  • Mexico (By End-use)
• Europe (Equipment Type, Power, End-use, and Country)
  • Germany (By End-use)
  • U.K. (By End-use)
  • France (By End-use)
  • Italy (By End-use)
  • Spain (By End-use)
  • Russia (By End-use)
  • Rest of Europe (By End-use)
• Asia Pacific (Equipment Type, Power, End-use, and Country)
  • China (By End-use)
  • India (By End-use)
  • Japan (By End-use)
  • Southeast Asia (By End-use)
  • Rest of Asia Pacific (By End-use)
• Middle East and Africa (Equipment Type, Power, End-use, and Country)
  • Saudi Arabia (By End-use)
  • UAE (By End-use)
  • Egypt (By End-use)
  • South Africa (By End-use)
  • Rest of Middle East and Africa (By End-use)
• South America (Equipment Type, Power, End-use, and Country)
  • Brazil (By End-use)
  • Argentina (By End-use)
  • Rest of South America (By End-use)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of lawn & garden equipment market:

• AriensCo displayed its equipment line-up of battery and petrol-powered zero-turn mowers at SALTEX 2021 in England. The company also showcased its low emission and noise, battery-operated ‘ZENITH E’ and ‘ARROW’, a conceptual stand-on mower.
• American Honda Motor Co., Inc. introduced ‘HRN Series’ of lawn mowers for residential applications. It offers a powerful GCV170 engine and optimizes grass cutting while streamlining maintenance and operation.

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