The new report by Expert Market Research titled, ‘Global Gardening Equipment Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global gardening equipment market, assessing the market based on its segments like products, end-uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 84.3 Billion
• Forecast CAGR (2023-2028): 3.95%
The global market for gardening equipment is being driven by the thriving residential segment because of the rising urban population and growth of disposable and discretionary middle-class income all over the world. The rising demand for gardening equipment can be attributed to the growing popularity of outdoor activities, which has triggered the need for backyard maintenance for garden parties and backyard cooking. The ageing population of first-world countries such as the United States and Germany is spending more time in gardening activitiesdue to its numerous health, therapeutic, and social benefits. This, in turn, is fuelling the demand for gardening equipment, and hence augmenting the market growth. Residential construction projects have also expanded as a result of the development of nuclear family culture, which has resulted in tiny garden cultivation in flat systems, resulting in increased sales of hand tools, such as snips and shears, thereby contributing to the market. Moreover, The COVID-19 crisis has increased the popularity of gardening due to the transition to online work and schooling, which has resulted in more leisure time and economic insecurity leading to the discontinuation of gardening and lawn mowing services. These are some of the factors aiding the growth of the market.
Industry Definition and Major Segments
Gardening equipment is any tool or piece of equipment designed to carry out various activities that help in the efficient, convenient, timely, and cost-effective execution of day-to-day gardening tasks.
They overlap with a myriad of agricultural and horticultural tools and have transformed gardening around the world.
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The market, on the basis of products, can be segmented into:
• Hand tools
• Lawnmowers
• Trimmers and Edgers
• Water Management Equipment
• Others
On the basis of end-use, the market can be categorised into:
• Residential
• Commercial/Government
The regional markets for gardening equipment include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The expanding demand for organic farming around the world is driving the demand for the gardening equipment globally. The growing environmental concern and need for organic products are boosting the expansion of the market. Increased public awareness about the hazards of pesticides and the ongoing desire for sustainable farming has fuelled the market growth of the gardening equipment. Meanwhile, the adoption of organic farming is projected to considerably contribute to the growth of the industry throughout the forecast period.
Key Market Players
The major players in the market are Ariens Company , Briggs & Stratton, Deere & Company, Honda Power Equipment, Husqvarna Group, and Falcon Garden Tool, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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