Lawn & Garden Equipment Market applications and company’s active in the industry

The lawn & garden equipment market is expected to observe significant growth by 2027 owing to the increasing emphasis of manufacturers on technological upgradation of products. Additionally, mounting homeownership rates in leading market has boosted the need for lawn care equipment, which is anticipated to further boost product demand across the globe.
The COVID-19 pandemic has caused a labor deficit in key regions, which has affected industry players to a certain extent. To address this shortage, some companies have been integrating new-generation solutions like autonomous technology into products. For instance, in June 2021, Scythe Robotics, a Colorado-based robotic landscaping startup, announced the launch of a zero-emission, autonomous lawn mower.
The company, which has received an overall funding of $18.6 million backed by Inspired Capital, True Venture, and others, would offer the autonomous mower to buyers through a Robot-as-a-Service (RaaS) model. The Scythe Robotics mower is equipped with eight HDR camera and several sensors that are designed to help avoid animals, people, and other obstacles in its way.
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Moreover, industry players have been adopting different strategic initiatives to penetrate growing markets, which has enhanced business outlook across the globe. To cite an instance, in June 2021, Husqvarna, a leading manufacturer of robotic mowers, augmented its investment and ownership in Robin Autopilot USA, a smart lawn care provider. With the partnership, Husqvarna aimed to leverage Robin Autopilot’s RaaS platform to boost market penetration of its Automower robotic mowers across North America.
For comprehensive analysis, he lawn & garden equipment market has been segmented on the basis of power, end-use, operation, product, and region. With respect to power, the market has been divided into manual, gas-powered, electric-powered, and others. The manual sub-segment holds around 10% share in the lawn & garden equipment market revenue and is estimated to witness substantial growth over the assessment period.
The increasing diversity of vegetation in commercial & residential spaces is expected to propel the demand for the equipment. In addition, manual operated equipment offers environment-friendly and quiet operations, which is anticipated to further push manufacturers to rollout more iterations of products to address consumer demands.
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By product, the lawn & garden equipment market has been bifurcated into blowers, cutters & shredders, chain saws, lawn mowers, tractors, sprinkler & hoses, and others. The chain saws sub-segment is estimated to witness steady growth at approximately 5% CAGR over the forecast timeline. Advancements in battery technology have led to the development of innovative lightweight chain saws that are ideal for use as lawn care equipment, which is likely to facilitate segmental expansion through the analysis period.
On the regional spectrum, the Latin America lawn & garden equipment market is projected to grow at a CAGR of over 4.5% through the forecast timeline. Conducive weather conditions that support the growth of vast variety of vegetation in the region have boosted lawn & garden care equipment demand, which is expected to foster market outlook over the following years.