DUBLIN – (COMMERCIAL THREAD)–The “Landscaping Tools Market – Growth, Trends, COVID-19 Impact, and Forecast (2021 – 2026)” report was added to ResearchAndMarkets.com offer.
The global landscaping tools market was valued at USD 27.96 billion in 2020 and is expected to reach USD 37.10 billion by 2026, registering a CAGR of 5% during the forecast period (2021-2026) .
Andreas Stihl AG & Co. KG
MTD Products, Inc.
Robert Bosch GmbH
Stanley Black & Decker, Inc.
The Toro Company.
Honda electrical equipment
Falcon garden tools
Key market trends
Growing trend in indoor cooking / gardening
Indoor / kitchen gardening is a practice of growing crops in residential homes to meet household needs, which are increasing in developed countries. This, in turn, has increased the demand for landscaping tools that provide consumers with easy and convenient measures for gardening. The additional benefits of these landscaping tools led to an increase in demand for the same during the study period.
During the pandemic, many countries saw a growing trend in home gardening. As people began to question food supply chains, their transparency and food safety, the thought of a food shortage became a serious concern. Instead, people started growing their own fresh produce at home to eliminate these problems. This further requires the growth of landscaping tools on a global scale.
It’s not just established companies that offer consumers solutions for growing fresh fruits and vegetables in their homes. Upcoming companies notice the market potential and expand their activities into new provinces where the demand for indoor vegetable gardens is high.
In addition, according to the Indian Ministry of Statistics and Program Implementation (MoSPI), the gross value of home gardens is increasing every year. This, in turn, creates an opportunity to increase sales of landscaping tools in the Indian market. Also, increasing spending on gardening tools indicates the possibility of higher demand for landscaping tools across the globe during the forecast period.
North America is the main dominant market
Landscaping and lawn care is a booming business enterprise in North America. This industry is a low-cost, high-sweat equity profession that offers immigrants and first-generation Americans a starting point and gateway to the mainstream economy. The growth of this industry has a favorable impact on the use of landscaping tools. With the growing concerns of environmental pollution, approximately 80% of the population of the United States remains in urban areas. Locals focus on a green yard for better air and recreational activities. This indicates an increase in the popularity of landscaping in the country, which leads to the use of gardening tools.
Landscaping is also known to improve the value of the property. So, most real estate companies spend money on improving the area around the property and expanding the landscaped area of the area. Landscaping in Canada has become one of many forms of ecotourism. Hotels earn around $ 6-7 million a year in additional revenue from customers willing to pay extra to view the green space. Therefore, more and more hotels are willing to use landscaping in and around its building. Hence, policy changes, geographic and demographic suitability, and the use of advanced technologies are the major factors that are expected to drive the North America landscaping tools market.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market drivers
4.3 Market restrictions
4.4 Porter’s five forces analysis
5 MARKET SEGMENTATION
5.2 End user
6 COMPETITIVE LANDSCAPE
6.1 Market share analysis
6.2 Most suitable strategies
6.3 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET
For more information on this report, visit https://www.researchandmarkets.com/r/dt1f2k