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Home Gardening Equipment Industry Trend, Analysis and Outlook, 2017 - 2024

Press Release   •   Aug 16, 2017 02:55 EDT

The global Gardening Equipment Marketshare report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. Technological advancements such as robotic lawn mower, GPS equipped lawn mowers, and battery powered hand tools to save time, cost, and energy will drive the industry.

Lawn tools are mainly used for trimming, cutting, and maintaining the lawn health. Therefore, high demand from the sports field, golf courses, and public parks is expected to increase the industry size. Growing demand from landscaping services for lawn tools may drive the gardening equipment market over the coming years.

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Seasonal variations in different regions are expected to challenge the industry growth rate over the projected timeline. The environmental factors restrict the end users to continue with their work. Droughts in some areas are shifting attitudes toward water utilization, which leads to increased demand for gardens that need less water and sophisticated irrigation and watering systems.

Development of mobile lawn applications across various platforms, such as Android, iOS, and Windows, may generate a significant interest among the population, thereby enabling gardening equipment industry to grow in the forecast timeline. Social media and smartphones offer manufacturers with opportunities for product marketing and promoting the tools among young end users. In addition, urbanization may bolster the demand for related tools.

North America accounted for over 30% of the industry share. Asia Pacific is expected to be the fastest growing region for lawn tools owing to the availability of low-cost labor in the region. Rising disposable income in the developing economies along with strong GDP growth rate is estimated to drive the industry over the forecast timeline. Increased standard of living has led to the adoption for lawn care as a hobby for the people. The Middle East and Latin America are estimated to offer growth avenues due to their developing construction industry.

The various products include hand tools, lawn mowers, water management systems, trimmers, and edgers. Lawn mowers product segment is predicted to be the fastest growing sector from 2017 – 2024. Repeated purchase is considered as the key factor to boost the hand tools segment growth worldwide.

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Gardening equipment market players are Kingfisher PLC, BayWa AG, Bosch Power Tools, Castorama, Ariens Company, Toro, Daiya Tsusho Co., Ltd., MTD Products, Wesfarmers, Ltd., Home Retail Group PLC, The Ace Hardware Corp., Kingfisher PLC, The Home Depot, Inc., Deere & Company, Kubota, Makita, Honda Power Equipment, and Husqvarna Group.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.