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Key highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2020): 84.3 billion USD
• Forecast CAGR (2022-2027): 3.95%
The global gardening equipment market is driven by the booming residential segment owing to the increase in urban population and the growth of middle class disposable and discretionary incomes all over the world. The growing demand for gardening equipment can be attributed to the growing popularity of outdoor activities, which has triggered the need for garden maintenance for garden parties and backyard cooking. The aging population of first world countries such as the United States and Germany is devoting more time to gardening activities due to its many health, therapeutic and social benefits. This, in turn, fuels the demand for gardening equipment, and hence augments the growth of the market. Residential construction projects have also grown due to the development of nuclear family cultivation, which has resulted in the cultivation of small gardens in flat systems, resulting in increased sales of hand tools, such as shears and shears, thus contributing to the market. Additionally, the COVID-19 crisis has increased the popularity of gardening due to the shift to online work and schooling, leading to more free time and economic insecurity resulting in the shutdown of gardening services and lawn mowing. These are some of the factors contributing to the growth of the market.
Industry definition and major segments
Gardening equipment is any tool or piece of equipment designed to perform various activities that contribute to the efficient, convenient, quick and profitable performance of daily gardening tasks.
They straddle a myriad of agricultural and horticultural tools and have transformed gardening around the world.
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The market, on the basis of products, can be segmented into:
• Hand tools
• Lawn mowers
• Trimmers and trimmers
• Water management equipment
On the basis of end-use, the market can be categorized into:
Regional garden equipment markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The growing demand for organic farming around the world is driving the demand for gardening equipment globally. Growing environmental concern and the need for organic products are driving the expansion of the market. Increased public awareness of the dangers of pesticides and the continued desire for sustainable agriculture has fueled the growth of the gardening equipment market. Meanwhile, the adoption of organic farming is expected to significantly contribute to the growth of the industry throughout the forecast period.
Main market players
Major market players include Ariens Company, Briggs & Stratton, Deere & Company, Honda Power Equipment, Husqvarna Group, and Falcon Garden Tool, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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