Lawn and garden equipment refers to machinery and tools used for cutting, trimming, edging, and maintaining lawns, gardens, and landscapes. Power lawn mowers, string trimmers, chain saws, leaf blowers, power tillers, lawn tractors, wheelbarrows, garden carts, pruning shears, and lawn edgers are some of the common lawn & garden equipment used globally.
The Global Lawn & Garden Equipment Market is estimated to be valued at US$ 33.97 Billion in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period from 2024 to 2031.
The Global Lawn and garden equipment Market Demand provides efficient means for landscaping maintenance activities. Power tools help save time and offer consistent results compared to manual tools. Also, zero-turn mowers offer improved maneuverability for large lawns. Increasing investments in landscaping of public parks, sports fields, and commercial facilities are driving the demand for professional-grade equipment. Furthermore, growing affinity of middle-class households towards maintaining beautiful outdoor spaces bolsters the residential sector of the market.
Key Takeaways
Key players operating in the Lawn & Garden Equipment are Pfizer, Roche, Johnson & Johnson , Novartis, Merck & Co, GlaxoSmithKline, Sanofi, AbbVie, Amgen, AstraZeneca, Bristol-Myers Squibb, Eli Lilly, Teva Pharmaceutical, Bayer , Novo Nordisk, Allergan, Gilead Sciences, Boehringer Ingelheim, Takeda Pharmaceutical, Biogen. With rising spending on landscaping services, these companies continue to witness increasing demand for their robotic mowers, zero-turn mowers, chainsaws, trimmers, and leaf blowers.
Growing environmental concerns are prompting landscape contractors and homeowners to shift towards battery-powered or electric garden tools in lieu of conventional gasoline tools. Stringent regulations regarding fuel emissions are further accelerating this transition. Leading manufacturers are actively introducing battery-powered alternatives such as lawn mowers, trimmers, and pruners to cater to this rising demand.
The market is also witnessing rapid expansion in developing countries of Asia Pacific and Latin America attributed to growing construction activities and rising disposable incomes. While North America and Europe comprise the largest regional markets, manufacturers are making focused efforts to strengthen their distribution networks in emerging economies.
Market Key Trends
One of the key trends gaining traction is the growing popularity of automated lawn mowers for both residential and professional landscaping requirements. Robot mowers help ensure consistent mowing patterns and eliminate labor costs associated with traditional mowing methods. Advanced technologies such as GPS navigation, collision detection sensors, and Wi-Fi connectivity provide precise control over mowing operations. This is expected to revolutionize landscaping management practices in the upcoming years.
Porter’s Analysis
Threat of new entrants: High initial investment required and strong brand loyalty for existing players pose challenge for new entrants.
Bargaining power of buyers: Large number of buyers allows them to demand better service and negotiate lower prices from suppliers.
Bargaining power of suppliers: Differentiated and specialized inputs allow suppliers to exert some pricing influence.
Threat of new substitutes: Limited threat as lawn and garden equipment have few close substitutes.
Competitive rivalry: High as major players compete intensely on the basis of product differentiation, pricing and brand promotion.
Geographical Regions
North America dominates the global lawn and garden equipment market owing to high demand for landscaping services and outdoor power equipment. The wide availability of large outdoor spaces for residential and commercial properties drives the need for lawn care in the region.
Asia Pacific is projected to witness the fastest growth over the forecast period. Factors such rising disposable incomes, growth in commercial construction, and increasing participation in outdoor leisure activities are fueling the adoption of lawn and garden equipment. Countries like China, India are expected to present lucrative opportunities for market players.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it