Technology and automation leading to development of new tools and equipment have influenced the growth of global garden equipment market.
Covid-19 Impact & Market Status
Following WHO's declaration of COVID-19 as a pandemic in March 2020, most nations saw a rapid halt in economic activity, owing to social distancing techniques, lockdown rules, and gloomy market methods. However, the pandemic's influence on worldwide lawn and garden equipment industry growth has been minimal. Because businesses have implemented preparation strategies across worldwide locations to keep employees healthy and safe, manufacturing processes are disrupted for the least time possible.
Most Global Garden Equipment Market players were fully operational, although they perceived weaker-than-normal growth in the first half and stronger-than-normal growth in the second half. During the pandemic, companies like Husqvarna Group, Toro Company, ANDREAS STIHL AG & Co. KG, and others benefited from the stay-at-home tendency, which resulted in a longer gardening season. As a result, the demand for gardening tools grew.
Furthermore, countries such as the United States and others saw increasing sales as a result of increased expenditure on technologically enhanced lawn mowers, trimmers, cutters, and other equipment. As a result, the COVID-19 pandemic is seen as a positive element for the worldwide market in the long run. Furthermore, modernization across R&D activities is critical to ensuring profitable long-term growth.
This report outlines the current market trends in global garden equipment market, including new technologies, regulatory policies surrounding, research and development in garden equipment industry, competitive landscape, market dynamics, market size estimates, growth rate, and other important factors. The report studies the key sectors driving growth of global garden equipment market, developments. The report examines the growth of global garden equipment market in developing markets, current R&D strategy, major companies. The report addresses the recent global garden equipment market trends, near-term investment strategies, and long-term outlook. The report discusses the key trends driving growth of global garden equipment market and trends in research and development. The report highlights the variables that are affecting the global garden equipment market from year to year.
The Mowers Segment Accounted for Highest Market Share
The market share is divided into mower, bill hook, budding-cum-grafting knife, slashing knife, pruning shear, secateur, hedge shear, grass shear, spade, garden rake, garden hoe, khurpi, sprayer, and others on the basis of equipment type.
Over the period 2022-2029, the mowers segment will have the greatest CAGR. It is ascribed to its extensive use for maintenance purposes in home backyards and sports areas. Furthermore, major manufacturers are incorporating loT into these mowers, complementing the higher pace of growth. Trimmers and edgers have the second largest growth rate, owing to their widespread use in practically all gardening procedures. These tools come in handy when it comes to properly designing the landscape. Chainsaws, cutters, shredders, and other lawn and garden equipment are expected to rise significantly throughout the projected period.
The Electric Garden Equipment Experienced More Demand
Manual, electric, and gas power are the three types of power. Due to increased global warming and fuel emission concerns, the electric-powered category is in the greatest position to dominate the market with the highest CAGR. Increased green-energy initiatives are also helping to drive the worldwide industry forward. Because of the flexibility and power, it provides, as well as its higher power output compared to other categories, the gas-powered category is expected to take the largest market share. For long-term activities, gas-powered equipment is excellent. The manual, on the other hand, is expected to have a significant market share and CAGR in the worldwide market.
Residential Segment Is Poised For Rapid Market Growth
Owing to increased demand for landscaping services in established nations and expanding residential development activity in emerging economies, the residential category is leading with the greatest CAGR. In addition, the growing popularity of outdoor activities has promoted backyard care, which has contributed to an increase in mental well-being. End-users from varied socioeconomic backgrounds in various countries frequently create contracts with landscapers to maintain their gardens. Because individuals are working from home and dedicating more time for grass trimming, pruning, and other ornamental operations, the COVID-19 epidemic has boosted equipment demand.
In the case of golf courses and playgrounds, growing interest in outdoor activities in Asia and Africa is driving up equipment demand.
North America Hold Dominant Share In Global Garden Equipment Market
Because of the substantial presence of key market businesses like as Deere & Company, the Toro Company, and others, North America leads the industry in terms of market share. The autonomy of this equipment assists end-users in minimising time consumption and therefore making gardening operations easier.
During the predicted period, Asia Pacific is in the greatest position to achieve the highest growth rate. It is mostly due to real estate owners' increased commercial and residential development operations. Furthermore, the use of energy-efficient mowers and GPS-enabled equipment is setting the groundwork for future development. Furthermore, upcoming global sporting events, such as the 'Olympic Winter Games Beijing 2022,' have necessitated the enhancement of the visual appeal of yards and lawns, encouraging the growth of the gardening and lawn equipment industry.
The growing demand for technologically advanced and automated gardening equipment among home and commercial users is a major driver driving the global garden equipment market’s continuous growth.
Hand tools, axes, weeders, paving weeders, trimmers, hoes, shears, spades, shovels and snips, lawnmowers, and edgers are the most popular goods in the lawn and garden equipment industry.
Owing to benefits such as helpful in grooming small and delicate plants, easy use and handling, less time and efforts, increased shedding efficiency, easy transportation, easy soil testing, efficient in performing daily tasks, easy to perform most of the horticultural operations, the garden equipment is experiencing rapid adoption as opposed to traditional equipment thus fostering remarkable progress in global garden equipment market.
The factors such as advancement in science and technology leading to development of new tools and equipment, emerging trend of gardening in urban areas, technological advances, growth in outdoor activities, prominent manufacturers heavily investing in R&D activities, continuous demand for gardening equipment in residential and commercial sectors is driving the global garden equipment market.
The global garden equipment market is estimated to reach close to 50.85 billion by 2029 with an annualized growth rate of 7.1% through the forecast period 2022-2029.
Lawn and garden equipment are tools that are used in gardening. They also correspond to agricultural and horticultural implements. Garden tools are divided into two categories: manual tools and power tools. These instruments are widely used in lawn mowing and maintenance, as well as garden upkeep.
Demand for modernly designed garden and lawn equipment is expected to drive future growth. More end-users are investing in the industry as a result of the increased availability of newly created items, brightening market prospects.
As a result of covid-19 pandemic and changed work styles people are spending more time at home. They are more inclined to do activities like grooming the garden which is increasing the demand for garden equipment. Also, smart gardening techniques being introduced in the market like GPS technology, uniform cutting tools, and other equipment is also boosting the global garden equipment market.
However, costs and high maintenance are the key aspects deteriorating the global garden equipment market. Furthermore, ever-increasing drive for electric lawn mowers, trimmers, chainsaws, and other equipment, gardening equipment is expected to see increased demand throughout the world. Several nations, including the United States, the United Kingdom, Germany, Japan, India, Australia, and others, are focusing substantially on delivering electric equipment in order to address noise and environmental concerns. Electric lawn mowers are lighter, quieter, and come with a push-to-start button. As a result, demand for electric equipment is increasing anticipated to be growth opportunity to the global garden equipment market.
Furthermore, major players in global garden equipment market are AriensCo, MTD Products, Deere & Company, Toro Company, Falcon Garden Tools Pvt. Ltd., Cub Cadet (a subsidiary of MTD Products Inc.), and others. These prominent firms with new innovations, multi-functional products are pushing worldwide market expansion. Cub Cadet, for example, makes electric trimmers and chainsaws that are more reliable and perform better.
Latest Innovations in the Global Garden Equipment Market: A Snapshot
- Deere & Company, MTD Products Inc, AriensCo, and others are working on technologically enhanced lawn mowers, trimmers, and other equipment. For example, Deere & Company introduced the 'Z700 Series ZTrak' zero-turn mowers in February 2019 to bring commercial-grade comfort and construction to the home market. It includes an adjustable foot platform and an integrated park brake.
Garden Equipment Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 50.85 billion|
|Growth Rate||CAGR of 7.1 % during 2021-2028|
|Segment Covered||Type, Power, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||AriensCo, MTD Products, Deere & Company, Toro Company, Falcon Garden Tools Pvt. Ltd., Cub Cadet (a subsidiary of MTD Products Inc.), and others.|
Key Segments of the Global Garden Equipment Market
Type Overview, 2019-2029 (USD Billion)
- Bill Hook
- Budding-Cum-Grafting Knife
- Slashing Knife
- Pruning Shear
- Hedge Shear
- Grass Shear
- Garden Rake
- Garden Hoe
Power Overview, 2019-2029 (USD Billion)
End-User Overview, 2019-2029 (USD Billion)
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa