The global gardening equipment market size is expected to reach USD 110.80 billion by 2028 according to a new study by Polaris Market Research. The report “Gardening Equipment Market Share, Size, Trends & Industry Analysis Report By Product Type (Hand Tools [Shears & Snips, Hoe, Weeder], Lawnmowers, Water Management Equipment, Trimmers & Edgers, Others); By End-Use (Commercial, Residential); By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growth is highly driven by the growing adoption of gardening equipment by the commercial construction industries as well as residential users. Moreover, innovations in technology to save energy, time, and cost have resulted in the emergence of new products such as robotic lawnmowers, which are anticipated to provide new opportunities to the market.
Also, the demand for lawnmowers is witnessing growth by the landscaping services in the U.S., which is anticipated to play a major role in the growth of the industry during the projected period. Also, the growth is anticipated to be driven by their applications in the sports fields such as golf courses as well as from the government sector for maintenance of public parks and other government-owned landscapes.
The market for gardening equipment is mature and stable and is projected to remain highly attractive during the forecast period. By product type segment, lawnmowers are anticipated to hold the largest share throughout the forecast period. Furthermore, the segment will also be the fastest-growing segment.
Moreover, the hand tools segment is further sub-segmented into weeder, shear & snips, hoe, and other hand tools. These tools are generally demanded by individuals to perform basic tasks and as a part of their basic tool kit. One of the major driving factors for the growth of the hand tools segment is repeated purchases of these tools.
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North America held the largest share in 2020 of the gardening equipment market owing to high living standards as well as the availability of adequate garden space as well as strict government rules for garden maintenance. Further, the Asia Pacific region is expected to experience high growth in the demand for hand tools.
Funds by the government along with the consent of private firms for developing landscapes are fueling the market growth. U.S., Canada, and Western European countries are majorly contributing to the market. In addition, certain countries such as the U.S. Canada, and the UK have a strong garden and residential lawn cultures, which is positively influencing the demand in these countries.
Furthermore, a major share of golf courses globally is also located in these countries. Additionally, the Middle East & Africa, and Latin America are also anticipated to contribute to the market share attributed to the constantly growing construction and infrastructure sector of the region.
The key strategies adopted by players is product innovation, which helps them to attract new customers and fulfill end-user demand. The major players operating in the Gardening Equipment include Briggs & Stratton, Ariens Company, Honda Power Equipment, Deere & Company, Falcon Garden Tools, Husqvarna Group, Robert Bosch GmbH, Fiskars Corporation, Toro, and Robomow-Friendly robotics among others.
Polaris Market Research has segmented the gardening equipment market report based on product, application, and region:
Gardening Equipment, Product Outlook (Revenue - USD Billion, 2016 - 2028)
Gardening Equipment, End-Use (Revenue - USD Billion, 2016 - 2028)
Gardening Equipment, Regional Outlook (Revenue - USD Billion, 2016 - 2028)