The Global Lawn & Garden Equipment Market Is Estimated To Be Valued At US$ 29.48 Bn In 2023 And Is Expected To Exhibit A CAGR Of 5.3% Over The Forecast Period 2023 To 2030, As Highlighted In A New Report Published By Coherent Market Insights.
Market Overview:
Lawn And Garden Equipments Are Power Tools Used For Gardening And Outdoor Chores Such As Mowing, Trimming, Digging, Aeration, Spraying And Other Lawn Care Activities. They Include Mowers, Trimmers, Chainsaws And Blowers Which Help In Maintaining The Lawn And Garden Areas Efficiently.
Market Key Trends:
The Key Trend In The Lawn And Garden Equipment Market Is The Growing Adoption Of Battery Powered Equipment. Battery Powered Lawn Mowers, Trimmers, Blowers And Other Tools Are Gaining Popularity Due To Their Ease Of Use, Mobility And Zero Emission Nature. Their Operation Is Quite Similar To Gasoline Powered Tools But They Are Cleaner And Produce Less Noise. Several Market Players Have Launched Cordless Lawn Equipment With Advanced Lithium-Ion Batteries Providing Longer Runtime Comparable To Gasoline Tools. This Has Increased Consumer Preference For Green And Sustainable Products.
SWOT Analysis
Strength: Lawn & Garden Equipment Market Benefits From Rising Investments In Landscaping Services And Government Initiatives For Green Spaces. The Wide Range Of Products Available Caters To Different Customer Requirements.
Weakness: Seasonal Demand Nature Leads To Pricing Pressures On Manufacturers. Fluctuations In Raw Material Costs Pose Challenges.
Opportunity: Growth In Housing Sector And Real Estate Development Presents New Customers. Increasing Consumer Spending Power Drives The Use Of Sophisticated Equipment.
Threats: Stringent Emissions Regulations Mandate Improvements In Engine Technology. Shifting Consumer Preferences Towards Eco-Friendly Products Increase Competition.
Key Takeaways
The Global Lawn & Garden Equipment Market Share Is Expected To Witness High Growth, Exhibiting CAGR Of 5.3% Over The Forecast Period, Due To Increasing Focus On Landscaping Services And Maintaining Recreational Green Spaces.
Regional Analysis
North America Dominates The Lawn & Garden Equipment Market Currently. This Is Attributed To Large Pools Of Recreational Parks And Sports Fields Requiring Regular Maintenance. The Asia Pacific Region Is Expected To Exhibit The Fastest Growth Rate, Led By Rapid Urbanization, Rising Home Ownership, And Increasing Spending Power Of Middle-Class Consumers In China And India.
Key Players
Key Players Operating In The Lawn & Garden Equipment Are The Toro Company, Kubota Corporation, Honda Motor Co., Husqvarna AB, Briggs & Stratton, Deere & Company, MTD Products, Ariensco, Stihl, Emak S.P.A., AL-KO, Makita Corporation, Robert Bosch, Stanley Black & Decker, Techtronic Industries, Yamabiko Corporation, American Honda Motor Co., Generac Power Systems, Lawn-Boy Inc., AL-KO Gardentech. They Focus On Product Innovation And Expansion Into New Markets To Strengthen Their Global Presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
