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Lawn & Garden Equipment Market: Growth Drivers, Key Trends, and Market Forecast by 2024

Delve into the Lawn & Garden Equipment Market, uncovering growth drivers, key trends, and forecasts for 2024, vital for manufacturers and gardening professionals.

The Lawn & Garden Equipment Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Lawn & Garden Equipment Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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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.

Recent industry developments are;

  • 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.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major 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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Lawn & Garden Equipment Market Segmentation:

By Equipment Type

  • Lawn Mower
  • Chainsaws
  • Cutters and Shredders
  • Trimmers and Edgers
  • Others

By Power

  • Gas
  • Electric
  • Manual

By End-use

  • Residential
  • Playgrounds
  • Golf Courses

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Lawn & Garden Equipment Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Lawn & Garden Equipment Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

  • Drivers:
    • Increasing consumer interest in gardening and outdoor activities, driving the demand for lawn and garden equipment for residential and commercial use.
    • Technological advancements in equipment design and functionality, such as battery-powered and smart lawn care tools, enhancing user convenience and efficiency.
  • Restraints:
    • Seasonal demand fluctuations may impact sales and revenue stability in the lawn and garden equipment market.
    • High initial costs for advanced equipment and maintenance may deter budget-conscious consumers from purchasing premium products.

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…!

Lawn & Garden Equipment Market Regional Segmentation:

  • 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)

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About US:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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