Lawn & Garden Equipment Market 2021-2027 By Regional Industry Growth & Forecast
Global Lawn & Garden Equipment Market is anticipated to depict a CAGR of 7.1% through 2027, having recorded a valuation of USD 32,415.2 million in 2020. By 2027, the market is expected to hit a remuneration of USD 50 billion.
Rising demand for robotic lawn mowers will encourage market players to invest more in research & development activities. Lawn & garden equipment manufacturers are also working on the development of electric-powered equipment given to surging consumer inclination towards products that offer more comfort and less vibration. In 2020, key industry player, Makita Corporation announced the launch of three new premium, brushless, cordless lawn mowers, having diverse features. Additionally, gas-powered and walk-behind lawn & garden equipment are projected to be the major revenue generators.
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The lawn & garden equipment market is expected to gain momentum with the presence of large number of golf courses, rise in consumer spending on garden maintenance and new technological advancements. Consumer are lately preferring automated lawn mowers and gardening equipment that are rigged with advanced features. These user-friendly and efficient products offer consumers with less operational and work fatigue.
In terms of end-use, the playgrounds segment is expected to record a CAGR of more than 7% in the upcoming years. The surge in the number of playgrounds in commercial buildings and residential communities is a factor leading to the growing demand for lawn and garden care equipment. Rising indispensable community spaces are fueling product demand and maintenance. Meanwhile, other operation lawn & garden equipment segment is projected to dominate the industry share in 2027 owing to the robust adoption of water-saving sprinklers for lawn and garden care activities.
With regards to product, lawn mowing tractors could witness significant use from both residential and commercial business sectors. These tractors usually have a larger fuel tank and are ideal for mowing large surfaces. They can be attached with a variety of equipment such as snow removers, collection bags for mowed grass, and plows, hence making them suitable for all-weather operations.
The North America lawn & garden equipment market is estimated to hold above 55% share over the forecast period. Presence of a high number of golf courses along with rising expenditure on residential construction are expected to be the key market drivers. Furthermore, burgeoning DIY activities for garden care and indoor farming is likely to drive regional product adoption.
On a global scale, the lawn & garden equipment market comprises of firms such as The Toro Company, Falcon Garden Tools, Deere & Company, Stanley Black & Decker, Briggs & Stratton Corporation, Robert Bosch GmbH, Honda Motor, Makita Corporation, MTD Holdings, Inc., Ariens Company, Fiskars Group, Techtronic Industries, Koki Holdings, STIGA S.p.A, Stihl Holding, Kubota Corporation, and Husqvarna Group. These companies are focusing on several business strategies including new product development and capacity expansion, among others.
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Some Point from Table of Contents:
Chapter 4 Lawn & Garden Equipment Market, By Power
4.1 Lawn & garden equipment indutry share by power, 2020 & 2027
4.2 Manual
4.2.1 Lawn & garden equipment industry estimates and forecast from manual, 2017 – 2027, (Thousand Units) (USD Million)
4.2.2 Lawn & garden equipment market estimates & forecast from manual, by region, 2017 – 2027(Thousand Units) (USD Million)
4.3 Electric-powered
4.3.1 Lawn & garden equipment industry estimates and forecast from electric-powered, 2017 – 2027, (Thousand Units) (USD Million)
4.3.2 Lawn & garden equipment industry estimates & forecast from electric-powered, by region, 2017 – 2027(Thousand Units) (USD Million)
4.4 Gas-powered
4.4.1 Lawn & garden equipment industry estimates and forecast from gas-powered, 2017 – 2027, (Thousand Units) (USD Million)
4.4.2 Lawn & garden equipment industry estimates & forecast from gas-powered, by region, 2017 – 2027(Thousand Units) (USD Million)
4.5 Others
4.5.1 Lawn & garden equipment industry estimates and forecast from others, 2017 – 2027, (Thousand Units) (USD Million)
4.5.2 Lawn & garden equipment market estimates & forecast from others, by region, 2017 – 2027(Thousand Units) (USD Million)
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