Global gardening equipment market expected to be worth US$

USA, Rockville MD, Aug. 15, 2022 (GLOBE NEWSWIRE) — According to Fact.MR’s gardening equipment research analysis, the top vendors are The Ames Companies Inc., Estwing Manufacturing Company Inc., Alamo Group Inc., Briggs and Stratton Corp., The Toro Co., Kubota Corp. and Robert Bosch GMBH, and collectively accounted for nearly 50% of global revenue in 2020.

Over the past five years, gardening equipment sales have grown at a modest CAGR of around 5%, with developed countries such as the US, UK and Germany seeing robust growth in terms of of income.

The increase in landscaping activities, coupled with the rise of commercial and residential projects, has been one of the main reasons for the expansion of the market. For example, the housing market has been forecast to see sales increase by 7% by the end of 2021, a gradual increase of 1.2% from 2020.

Additionally, advancements in technology such as the development of hybrid lawn mowers, lawn aerators, and power tools have contributed to the growth of the market as more and more consumers now prefer power efficient equipment of fuel and energy.

For more information on this market, get a sample report!

https://www.factmr.com/connectus/sample?flag=S&rep_id=261

Key insights from market research

  • The Garden Equipment Market has been growing at a CAGR of 5% over the past 5 years and is expected to add significant value by 2031.
  • Based on the product, lawn mowers are expected to capture a large market share.
  • Among end uses, the residential sector has been the fastest growing segment, due to the increase in gardening activities over the past decade.
  • North America is expected to be the largest market in terms of revenue in 2021, while continuing on the same path until 2031 to hold ¼ of the global market share.
  • The market in Western Europe is expected to grow at a high single-digit CAGR through 2031.
  • The United States, Germany and France are expected to be lucrative markets for gardening equipment manufacturers.
  • Growth remained strong during the COVID-19 crisis, attributed to increased gardening activities across all regions. Short, medium and long-term demand is expected to grow at a sustained pace.

Winning strategy

Market players are investing in automation and digitization and focusing on consumer-centric approaches. Moreover, high spending on R&D and innovation is what has given many companies a competitive edge and improved their revenue bars.

Key points covered in the Gardening Tools market report:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Analysis by segment, by country and by region
  • Competitive Mapping and Benchmarking
  • Brand share and market share analysis
  • Main product innovations and regulatory climate
  • Impact of COVID-19 on gardening equipment and how to navigate
  • Recommendation on the main winning strategies

For In-Depth Insights of Gardening Equipment Market Request Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=261

Competitive Landscape According to Garden Equipment Industry Survey

Major market players have primarily relied on a combination of organic and inorganic growth strategies such as product launches, collaboration, acquisitions, and capacity expansion.

Some of the key developments are:-

  • In September 2020, KPS Capital Partners, LP announced the acquisition of all assets of Briggs & Stratton and certain of its wholly owned subsidiaries. The acquisition aims to increase significant investments in R&D, technology and new product development. KPS also announced that it would provide resources to Briggs & Stratton to pursue strategic acquisitions.
  • Bosch’s new Indego robotic lawnmower has built-in technology to intelligently map and mow a lawn or garden. This product comes with a diverse product line, suitable for both residential and commercial areas.

Key Market Segments Covered

  • By product
    • Hand tools
    • Cape Cod weeders
    • Paving weeders
    • Fishtail weeders
    • Shears and shears
    • Lawn mowers and trimmers
    • border
  • By end use
    • Residential gardening equipment
    • Commercial gardening equipment
  • By distribution channel
    • Online sale of gardening equipment
    • Retail sale of gardening equipment
    • Distributor Sale of Gardening Equipment

Interested in getting the data? Find out here https://www.factmr.com/connectus/sample?flag=EB&rep_id=261

More valuable information

Fact.MR, in its new offering, presents an unbiased analysis of the global gardening equipment market, presenting historical demand data (2016-2020) and forecast statistics for 2021 to 2031.

The study discloses essential market information based on the product (Hand Tools, Cape Cod Weeders, Paving Weeders, Fishtail Weeders, Shears & Shears, Lawn Mowers & Edgers & Trimmers), end-use (residential gardening equipment and commercial gardening equipment), and distribution channel (online sales, retail sales and sales to distributors), in six major regions of the world (North America, Latin America, Europe, Japan, APEJ and MEA).

Explore Fact.MR’s Cover on the Industrial products Domain-

Grinding Heads Market – The global grinding heads market is estimated to be worth US$521 million in 2022. Detailed industry analysis reveals that the market is expected to expand at a CAGR of 6.6% and reach a valuation US$936 million by 2032.

Grow Light Market – Rising population is driving food stress around the world. The construction of an artificial environment for the cultivation of crops and horticultural plants requires the provision of led grow lights to provide a light spectrum similar to that of the sun. This method of obtaining food crops is the major driver of growth in the global grow light market.

Embedded Passive Devices Market – The global embedded passive devices market is expected to grow at a CAGR of 10.3% during the period 2022-2032. The market for embedded passive devices is expected to reach US$3.23 billion by 2032, from US$1.1 billion in 2021.

Heat Exchangers Market – Global heat exchangers sales are projected to grow at a CAGR of 6% from 2022 to 2031. In 2021, the global heat exchangers market was valued at USD 18.94 billion and is expected to reach US$34.24. billion by 2031.

Energy Storage Systems Market – The consumption of energy storage systems is expected to grow at a CAGR of 5.6% from 2022 to 2031, . The global energy storage systems market is worth US$45.1 billion in 2022 and is expected to reach a valuation of US$73.8 billion by the end of 2031.

Europe Air Purifier Market – The Europe air purifier market is expected to register a CAGR of 7.1% during the forecast period. Sales of air purifiers in Europe are expected to reach a valuation of US$8.85 billion by the end of 2032, rising from US$4.78 billion in 2022. As a result, the market is expected to generate an opportunity in absolute dollars of US$4.1 billion over the next ten years (2022-2032).

US Air Purifiers Market – The US air purifiers market represents a valuation of US$3.7 billion in 2022 after growing at 4.7% CAGR from 2017 to 2021. Air purifiers sales in the United States is expected to grow rapidly at 6.6% CAGR and reach a valuation of US$6.7 billion by 2032. The market is poised to provide US$2.9 billion of dollar opportunities absolute over the evaluation period.

Hole Openers Market – North America accounted for nearly 40% of the global market share at the end of 2021 and is also expected to remain a top market for hole openers in the coming years. Overall, opener sales revenue accounts for nearly 1% of the global oil and gas drilling market.

Large Scale Bearing Market – The global large scale bearing market is currently estimated at US$17.2 billion and is expected to reach a market valuation of US$30.9 billion by the end of 2032, with a growing at a CAGR of 6.1% between 2022 and 2032.

Fire Alarm Battery Market – The gadget used to produce a loud noise as a warning indicator of smoke or fire is called a fire alarm. Multiple devices work simultaneously to alert people to the presence of smoke, fire or carbon monoxide using auditory and visual technologies. Both manual and automatic activation options are available for devices.

About Us:

Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Contact:

Mahendra Singh

USA Sales Office:

11140 Rockville Pike

Office 400

Rockville, MD 20852

Email: [email protected]

Tel: +1 (628) 251-158

Terri S. Tomasini