Lawn & Garden Equipment Market 2020 – 2025 | Demand, Development Status and Growth Forecast Report
Category: #headlines  By Rahul Varpe  Date: 2020-06-02
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Lawn & Garden Equipment Market 2020 – 2025 | Demand, Development Status and Growth Forecast Report

Growing commercial and residential construction projects in emerging economies coupled with changing lifestyle and rising disposable income are driving the lawn & garden equipment market share. Lawn & garden equipment are widely used in public properties such as sport fields and parks. Additionally, growing adoption in developed economies will further boost the industry expansion.

Asia pacific lawn & garden equipment market will showcase a significant growth with over 8% CAGR by 2025 owing to improving economic conditions lead to urbanization and an upsurge in housing activity. Various upcoming sporting events in the region such as 2020 Olympics in Japan and 2022 Winter Olympic games in China have sprung influx of equipment demand to aesthetically enhance the visual appeal of certain hosting stadiums. Further, increasing number of golf courses and playgrounds are also driving the growth for fossil fuel and electric operated mowers.

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Lawn & Garden Equipment Market is expected to exceed USD 45 billion by 2025. Proliferating construction activities globally coupled with rising adoption of green roof technologies are driving the market share.

Sprinklers & hoses dominate the lawn & garden equipment market with its installation in the facilities to ensure efficient distribution of water over the area. The facility owners are installing tools and equipment to reduce outdoor water use. According to the U.S. EPA, around 30% of the daily water consumption in the U.S. is devoted to outdoor use. Introduction of technologies including WaterSense in spray sprinklers will induce significant growth potential in the industry landscape.

Growth Factors: -

  1. High presence of golf courses
  2. Rising technological advancement
  3. Increasing consumer spending
  4. International trade agreements
  5. Rising government initiatives for green and sustainable environment

Some of the industry participants operating in the lawn & garden equipment market are: -

  • TTI
  • MTD holdings
  • Deer & Company
  • Honda
  • Husqvarna Group
  • Stilh
  • Kubota
  • Robert Bosch

Industry participants are focusing on optimizing their supply chain operations along with introducing new products to drive their product sales.

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Golf course accounted for around one fourth of the revenue share in 2018 and will foresee substantial growth with the presence of multiple golfing facilities across the globe. According to the National Golf Foundation, there are over 38,500 golf courses. Several countries are establishing golfing facilities to attract more participants. For instance, in 2018, Turkmenistan joined the list of golfing countries with inauguration of Ashgabat Golf Club. Surge in golfing facilities will further escalate the lawn & garden equipment market demand over the study timeframe.

Electric powered equipment will showcase the highest growth with around 8% CAGR up to 2025 owing to increasing efficiency of equipment. Lawn & garden equipment market participants are taking initiatives to enhance the battery efficiency to reduce the intermediate charging time. Industry participants are introducing products to serve a large consumer base. For instance, in January 2017, STIHL launched its high-speed battery hedge trimmer offering superior power-to -weight ratio and low operating cost.

Some major findings of the lawn & garden equipment market report include:

  • Rising technological advancements focusing on improving the cutting operations are supporting the market expansion
  • Increasing consumer spending along with International trade agreements are driving adoption of garden equipment
  • Supporting government initiatives for green and sustainable environment will provide lucrative opportunity for lawn & garden equipment market expansion
  • The industry is fragmented ion nature with the presence of multiple companies including Deer & Company, Husqvarna Group, MTD Holdings, TTI, and Robert Bosch GmbH
  • Product launch along with establishment of logistic centers are the major strategies adopted by lawn & garden equipment market players to enhance their market share

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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