The global gardening equipment market size 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.
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Gardening Equipment
Market Report Highlights
- 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, which is
attributed to their extensive usage in the commercial complexes such as
shopping 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 with an
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.
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Gardening Equipment
Market Segmentation
Grand View Research has segmented
the global gardening equipment market on the basis of product, 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
- The U.S.
- Canada
- Europe
- The 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.
For more info visit @ https://www.grandviewresearch.com
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