Gardening and Agriculture Equipment Market Recent Developments, Major Regions, Key Players, Upcoming Opportunities 2026
Increased focus on recreational activities to drive demand for gardening and farming equipment
NEW YORK CITY, NEW YORK, USA, October 6, 2022 /EINPresswire.com/ — Persistence Market Research (PMR) has published a new research report on “garden and agricultural equipment”. The report was titled “Gardening and Agriculture Equipment Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2026”.
Initially, the gardening and agriculture equipment market was more focused on handheld equipment and tools in order to perform numerous tasks, but with the advancement in the technological landscape, the market has grown and generated several opportunities for equipment manufacturers which also consist of Tier 1. as small players operating in global and regional markets.
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In order to maintain their positions in the market, the players are entering into collaboration with the major players in the market to effectively operate the manufacturing facilities. Innovating current technology and optimizing new technologies has become the need of the hour for market players in the production of gardening and agricultural equipment.
For example, in 2017 Husqvarna Group signed an agreement to acquire the Floor Grinding Solutions division of HTC Group AB (grinding solution). This acquisition would help the company strengthen its construction activity.
The players operating in the market are:
• Husqvarna Group
• Honda Motor Co., Ltd.
• Andreas Stihl AG & Co. KG
• Briggs & Stratton Corporation
• Ohashi Inc.
• EMB MFG inc.
• Mahindra & Mahindra Ltd.
• BEFCO, Inc.
• Protero Inc.
• KUHN S.A.
• The Toro Company
• AGCO Corporation
• Kubota Corporation
• Deere & Company
• Generac Power Systems, Inc.
• Hitachi Construction Machinery Co. Ltd.
• Robert Bosch GmbH
According to the report, the global gardening and agriculture equipment market is expected to grow at a CAGR of 4.8% from 2018 to 2026. The market is expected to touch US$51,314.6 million by the end of 2026, growing with a valuation of US$33,858.2 million. in 2017
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Growing green space initiatives to drive demand for gardening and farming equipment
As environmental concerns rise and food-related issues increase, governments and development partners are widely encouraging school gardening. Around 12,000 schools and other educational institutions have pledged to cultivate school gardens. Gardening has also been added to school curricula with the aim of promoting gardening as an activity.
The HRH campaign in Europe provides support and encourages institutions to promote school gardening. Institutes, such as Cambridge Primary and Milford Pre-School, among others, have signed up for school gardening campaigns and companies, such as Fisker Inc., Husqvarna Group and others, are developing gardening tools specifically designed for the children. Moreover, the trend of urban green spaces is also supporting the growth of the market.
Urban green spaces are areas of the city that are covered with vegetation or other soft, permeable surfaces. Interest in urban and green spaces seems to be increasing and many cities are testing innovative ways to introduce urban greenery into cities. Cities are generating greener spaces to create calmer and more environmentally friendly places.
Sports turfs and synthetic turf to act as a roadblock
The use of artificial turfs has quickly moved beyond sports fields into commercial and residential landscaping. The use of synthetic turf and sports turfs is increasing because they require less maintenance. Apart from that, they are also environmentally friendly as they require less water.
Synthetic turf and sports turfs are used in indoor and outdoor residential and public gardens, playgrounds as well as airports as they add to the aesthetic appeal and give a natural look to the space where they are used and have also low maintenance cost. Subsequently, they are preferred by natural grass end users. Nevertheless, this in turn would lead to a decline in the growth of the gardening tools market.
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