Lawn & Garden Equipment Market: Global Size, Share, and Key Trends by 2024
Uncover insights into the lawn and garden equipment market, focusing on trends, innovations, and key players enhancing landscaping and maintenance solutions.
The study of the global Lawn & Garden Equipment Market is presented in the report, which is a thoroughly researched presentation of the data. The analysis delves into some of the key facets of the global Lawn & Garden Equipment Market and shows how drivers like pricing, competition, market dynamics, regional growth, gross margin, and consumption will affect the market’s performance. A thorough analysis of the competitive landscape and in-depth company profiles of the top players in the Lawn & Garden Equipment Market are included in the study. It provides a summary of precise market data, including production, revenue, market value, volume, market share, and growth rate.
The best investment markers are insights into the most prominent market trends, which help potential participants make decisions even easier. The research aims to discover the numerous growth chances that readers may take into consideration and take advantage of using all the necessary information. The market growth over the coming years can be predicted with greater accuracy by carefully examining the important growth-influencing aspects including pricing, production, profit margins, and value chain analyses.
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Market Summary:
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.
The Lawn & Garden Equipment Market has grown significantly due to factors such as increased product demand, an expanding client base, and technological advancements. This report provides a comprehensive overview of the industry, covering market size, trends, key drivers and challenges, competition dynamics, and potential growth opportunities. Recent Industry Developments:
- 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.
Key Players:
- 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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Market Overview:
- Current Market Trends: Analysis of the latest developments shaping the market landscape.
- Segmentation Analysis: Breakdown of the market by key segments and regional dynamics.
- Pricing Strategy Evaluation: In-depth examination of pricing trends within the industry.
- COVID-19 Impact Assessment: Exploration of how the pandemic has affected market behaviors and trends.
- Market Projections: Forecasting future market growth and potential shifts.
Key Report Highlights:
- Insight into the primary growth drivers and challenges facing the market.
- An extensive review of regional advancements and their implications.
- A compilation of leading industry players and their market positions.
- Strategies employed by significant market participants.
- Updates on recent industry movements, including product launches and mergers.
- Analysis of factors that may restrict growth and the regional market presence affecting trends beyond 2032.
This market research report is meticulously crafted to deliver a thorough understanding of the industry’s trajectory, equipping businesses with the insights necessary for strategic decision-making. The Lawn & Garden Equipment Market Report spans over 130+ pages and includes a detailed table of contents featuring figures, tables, graphs, and comprehensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Innovations
- Value Chain Analysis
- TOC Continued…
This study presents a detailed view of the market landscape, categorized by sub-regions and countries. It identifies potential profit avenues, alongside market share and growth forecasts for each geographical area.
Segmentation of this report:
Lawn & Garden Equipment Market Size, Share & 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, 2021-2028
Lawn & Garden Equipment Market Drivers & 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.
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