The global gardening
equipment market is expected to reach USD 102.3 billion by 2025,
according to a new report by Grand View Research, Inc. Mounting investments in
the novel gardening tools to replace the old equipment is expected to be a
major factor spurring market growth. The rising housing activity capacity to
meet the ever growing population’s demand is estimated to act as a key driver
augmenting growth. Never the less, the seasonal variation witnessed by the
manufacturers is estimated to challenge the industry over the near future.
The global gardening equipment market is anticipated
to witness high growth over the forecast period. This may be accredited to the
advent of technologically advanced products such as battery powered hand tools
and robotic lawnmowers. Further, remote controlled and GPS-equipped lawnmowers
are expected to gain traction in the near future, thereby spurring equipment
sales.The rising espousal of gardening as a hobby is expected to further
catapult equipment market growth over the next nine years.
Browse full research report on Gardening Equipment Market: https://www.grandviewresearch.com/industry-analysis/gardening-equipment-market
Further
key findings from the report suggest:
- The lawnmowers segment captured over 30% of the total revenue in
2015 and is projected to exhibit a significant growth at a CAGR of over
4.0% from 2016 to 2025, whichis attributed to their extensive usage in the
commercial complexes such asshopping centers, hospitals, churches and
public parks.
- On account of the wide scope of purposes gardening equipment serve
in trimming, cutting and shaping the plants & shrubs at the
residential complexes, the residential segment is expected to gain
prominence over the forecast period withan estimated CAGR exceeding2.0%.
- Asia Pacific emerged as the fastest growing market and is expected
to grow at a healthy compound annual growth rate of over 3.0%, which is
primarily due to the improved social lifestyle of the escalating base of
wealthy middle-class population in the region.
- The key purveyors in this industry comprise Deere & Company,
Toro, Bosch Power Tools, MTD Products, Honda and Husqvarna Group, as the
international players hold a strong foothold in the market making it
difficult for the local suppliers to compete.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand
View Research has segmented the global gardening equipment market on the basis
ofproduct, end-use,and region:
Gardening
Equipment Product Outlook (Revenue, USD Billion; 2014 - 2025)
- Hand Tools
- Weeder
- Cape Cod
Weeder
- Paving
Weeder
- Fishtail
Weeder
- Hoe
- Shears &
Snips
- Others
- Lawnmowers
- Trimmers
& Edgers
- Water
management Equipment
- Others
Gardening
Equipment End-Use Outlook (Revenue, USD Billion; 2014 - 2025)
- Residential
- Commercial/Government
Gardening
Equipment Regional Outlook (Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K
- Germany
- France
- Italy
- Netherlands
- Denmark
- Finland
- Spain
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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