Lawn & Garden Equipment Market Growth, Share, and Size Forecast 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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Recent 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.

Top Keyplayers 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 Segmentation

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

Reasons to buy this report:

This report thoroughly examines the competitive dynamics, growth areas, market conditions, and trends in the lawn & garden equipment market. It assists businesses in identifying opportunities for growth and development while highlighting potential challenges and risks. Stakeholders are assisted in developing more informed investment and market strategies by the report’s assessment of product portfolios and business segments.

A thorough grasp of the industry dynamics outlined in the report can help develop successful success strategies in the lawn & garden equipment market and greatly improve decision-making. All things considered, this report is an excellent source of information for anyone wishing to learn more about this rapidly changing sector.

Key Report Highlights on the Lawn & Garden Equipment Market:

• Market CAGR for the Forecast Period: Provides insights into the Compound Annual Growth Rate (CAGR) of the Lawn & Garden Equipment Market from 2024 to 2032.
• Comprehensive Analysis of Growth Drivers: Offers a detailed evaluation of the key factors driving the growth of the Lawn & Garden Equipment Market during the forecast period.
• Accurate Market Size and Share Estimates: Precise projections on the size and share of the Lawn & Garden Equipment Market, underscoring its position within the larger market landscape.
• Forecasts on Emerging Trends and Consumer Behavior: Predicts future trends and shifts in consumer behavior relevant to the Lawn & Garden Equipment Market.
• Regional Growth Analysis: Examines the growth of the Lawn & Garden Equipment Market across key regions, including North America, Asia-Pacific (APAC), Europe, South America, the Middle East, and Africa.
• Competitive Landscape Overview: Detailed assessment of the competitive environment, offering insights into the key players within the Lawn & Garden Equipment Market.
• Evaluation of Growth Barriers: Analyzes the challenges that may hinder the expansion of suppliers in the Lawn & Garden Equipment Market.

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…!

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.

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