Pune, India, March 09, 2022 (GLOBE NEWSWIRE) -- The global lawn & garden equipment market size was USD 29.58 billion in 2020. The market is projected to grow from USD 31.52 billion in 2021 to USD 50.85 billion in 2028 at a CAGR of 7.1% during the 2021-2028 period. This information is published by Fortune Business Insights™, in its report titled, “Lawn & Garden Equipment Market, 2021-2028.”
As per our analysts, the progressions in a social lifestyle, growing rich population, and embracing gardening as a mode of relaxation are predicted to surge product demand, thereby bolstering the global market growth.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/lawn-garden-equipment-market-106385
List of Key Players Covered in the Report
- Deere & Company (U.S.)
- Husqvarna Group (Sweden)
- The Toro Company (U.S.)
- Falcon Garden Tools Pvt. Ltd. (India)
- Ha-Ko Enterprises (India)
- Robert Bosch Power Tools GmbH (Germany)
- American Honda Motor Co., Inc. (U.S.)
- AriensCo (U.S.)
- Fiskars Group (Finland)
- Mountfield (England)
- Stanley Black & Decker, Inc. (MTD Products Inc) (U.S.)
- Emak S.p.A. (Italy)
- Unison Engg Industries (India)
COVID-19 Impact
COVID-19 to Augment Market Growth due to Rising Work from Home Activities
The COVID-19 pandemic has had a positive impact on the everything as a service (XaaS) sector across various industries such as healthcare, e-commerce, retail, banking, and financial to name a few. The pandemic forced a majority of the workforce towards augmenting a work-from-home approach. Organizations began understanding the advantages of managing costs as per their requirements for achieving improved business agility and rising operational efficiency. Boosting employee experience will fuel the market’s growth during the pandemic era.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
Please Visit: https://www.fortunebusinessinsights.com/lawn-garden-equipment-market-106385
Segments
Residential Segment to Dominate Backed by Growing Landscaping Services and Consumer Spending Power
By equipment type, the market is classified into lawnmowers, chainsaws, cutters and shredders, trimmers and edgers, and others.
In terms of power, the global market is categorized into manual, electric, and gas.
Based on end-use, the market is segregated is into residential, playgrounds, and golf courses. Residential segment is dominating with highest CAGR attributed to the growing demand for landscaping services in established economies and growing residential construction activities in developing economies.
Geographically, the market is branched into five regions, North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Report Scope and Segmentation-
| Report Coverage | Details |
| Forecast Period | 2021to 2028 |
| Forecast Period 2020 to 2028 CAGR | 7.1% |
| 2028 Value Projection | USD 50.85 billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 29.58 billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 140 |
| Segments covered | Equipment type, Power End User and Region |
| Growth Drivers | Shift Toward Electric Lawn & Garden Equipment is Propelling Market Growth |
| Pitfalls & Challenges | Hefty Maintenance Cost Hampers Market Growth |
Report Coverage
The research report presents tangible information gained through a methodical study conducted by our researchers. Extensive research was conducted to present the predicted size and share of the lawn & garden equipment market. The data applied to predict the shares for multiple segments at the national, domestic, and international levels is attained from in-depth conversations with various stakeholders. Additionally, we have special access to many global as well as regional funded records to deliver accurate information to make business investment decisions simple and effective for our clients.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/lawn-garden-equipment-market-106385
Driving Factors
Adoption of Electric Lawn & Garden Equipment to Nurture Market Growth
The constantly rising thrust for electric-powered lawn mowers, trimmers, chainsaws, and other equipment is projected to observe an increasing demand for gardening equipment across the world. In regard to noise and environmental concerns, the U.S., the U.K., Germany, Japan, India, Australia, and others are hugely concentrating on presenting electric equipment. Electric lawnmowers specifically are lesser in weight, quieter, and their push-to-start button gain an advantage over others. Consequently, it is surging the demand for electrical equipment.
Regional Insights
North America to Dominate Backed by Presence of Leading Companies
North America is leading the market and held the largest lawn & garden equipment market share, backed by the sturdy existence of various leading market-based companies.
Asia Pacific is in the supreme position to seize the highest growth rate during the forecast period. It is predominantly owing to rising commercial & residential construction activities by the real estate owners.
The surging demand for electric lawn mowers is motivating the Europe market growth. Additionally, the enhancing adoption of green landscaping services is boosting the lawn & garden equipment market growth.
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/lawn-garden-equipment-market-106385
Competitive Landscape
Procurements Initiated by Pivotal Companies to Endorse Market Growth
The fundamental players in the market incessantly choose operative tactics to bolster their brand value as well as endorse the global market growth. One such operative strategy is procuring competitive companies and further safeguarding a profit for both the companies.
Industry Development
December 2021: Stanley Black & Decker, Inc. entirely procured MTD Products Inc. to fortify its equipment portfolio in the outdoor power equipment industry. This attainment balances the company’s sturdy brand existence across regions.
Table of Content
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19 on Lawn & Garden Equipment Market
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Lawn & Garden Equipment Market Share Analysis, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- Overview
-
- Key Management
- Headquarters etc.
- Offerings/Business Segments
-
-
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Primary Interview Responses
- Annexure / Appendix
- Global Lawn & Garden Equipment Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- By Equipment Type (USD Bn)
- Lawn Mower
- Chainsaws
- Cutters and Shredders
- Trimmers and Edgers
- Others
- By Power (USD Bn)
- Gas-powered
- Electric-powered
- Manual
- By End-use (USD Bn)
- Residential
- Playgrounds
- Golf Courses
- By Region (USD Bn)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- By Equipment Type (USD Bn)
- By Type (USD)
- Global Lawn & Garden Equipment Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
Quick Buy – Lawn & Garden Equipment Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/106385
Have a Look at Related Research Insights:
Steel Ingots Market Size, Share and Global Trend By Type (Stainless Steel, Mild Steel), By Application (Construction, Automotive & Aerospace, Energy, Engineering, Others), and Geography Forecast till 2022-2029
Hydraulic Pressers Market Size, Share & Industry Analysis, By Type (C Frame,H Frame, Four-column hydraulic press, Two pillar hydraulic press, Other), By Application(Metal forming, Compression molding, Forging, Stamping), By Industry (Automotive, Aerospace, Manufacturing, Metal, Ceramic) Others and Regional Forecast, 2022-2029
Laser Plastic Welding Market Size, Share & Industry Analysis, By System Type(Standalone System,Integrated System), By Product Type(CO2 Laser, Diode Laser, Fiber Laser,Nd:YAG Laser), By Welding Method(Contour Welding,Quasi-Simultaneous Welding, Simultaneous Welding), By Application(Components,Films), By End-use Industry(Electrical & Electronics,Healthcare,Automotive) Others and Regional Forecast, 2022-2029
Gate Openers Market Size, Share & Industry Analysis, By Type (Slide Gate Opener, Swing Gate Openers, Others), By Application (Residential, Commercial, Industrial) and Regional Forecast 2022-2029
Boring-Milling Machines Market Size, Share & Industry Analysis, By Product Type (CNC, Conventional), By Operations (Vertical, Horizontal), By Application (Energy & Power, Shipbuilding, Industrial Machinery, Aerospace & Defence, Others) and Regional Forecast 2022-2029
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
U.S.: +1 424 253 0390
UK :+44 2071 939123
APAC :+91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
