Wilmington, Delaware, United States, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global power lawn and garden equipment market is projected to flourish at a CAGR of 6.5% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 135.4 billion is anticipated for the market in 2031. As of 2023, the market for power lawn and garden equipment is expected to close at US$ 83.4 billion.
A growing interest in landscaping, gardening, and outdoor leisure activities has led to increased demand for power lawn and garden equipment that makes lawn and garden maintenance easier and more efficient.
Increased urbanization has led to smaller outdoor spaces, creating a need for efficient and compact power equipment that is suitable for urban gardens, patios, and balconies, which fuels the market growth during the forecast period.
Power lawn and garden equipment are gaining popularity as they are easy to use and require minimal physical effort, making outdoor maintenance tasks more accessible to a wider range of users.
The easy availability of a wide range of power equipment, through various distribution channels and the growing popularity of outdoor power equipment, including lawnmowers, trimmers, leaf blowers, and more, specifically automated tools for lawns, has been gaining traction.
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Key Takeaways from the Market Study
- As of 2022, the power lawn and garden equipment market was valued at US$ 78.5 billion
- The mower segment remains prominent in terms of equipment type, accumulating a high revenue share during the forecast period
- Based on application, the commercial segment accounts for the high market value
- Based on power, the battery-operated equipment captures the larger CAGR in the market
Power Lawn and Garden Equipment Market: Key Trends and Opportunistic Frontiers
- Technological advancements in garden machinery, such as the emergence of hand-pushed mowers and automatic battery-operated and electric mowers, drives the market demand.
- Market players are introducing new and advanced and user-friendly power equipment, including features like improved cutting performance, ergonomic designs, and quieter operation. The manufacturers are introducing technologically advanced garden equipment for domestic and non-industrial use.
Power Lawn and Garden Equipment – Regional Analysis
- Asia Pacific is expected to dominate the global power lawn and garden equipment industry during the forecast period. The growing urbanization and changing lifestyles led to increased demand for power equipment for landscaping and outdoor maintenance, fueling the market demand in the region.
- North America is a significant market for power lawn and garden equipment, driven by a strong culture of lawn maintenance and gardening. The United States and Canada have large suburban and residential areas where homeowners invest in equipment to maintain lawns and gardens. Seasonal changes and a preference for well-kept outdoor spaces contribute to consistent demand for power equipment.
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Competitive Landscape
The global landscape is highly fragmented, with the presence of a few leading manufacturers that control the majority of the power lawn and garden equipment market share. The leading players in the power lawn and garden equipment market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global power lawn and garden equipment market report:
- ANDREAS STIHL AG & Co. KG
- BLACK+DECKER, Inc.
- Briggs & Stratton.
- Deere & Company
- ECHO INCORPORATED
- Husqvarna AB
- Kohler Co.
- Makita Corporation
- MTD Products Incorporated
- Snow Joe, LLC
Key Developments in the Power Lawn and Garden Equipment Market
- In June 2023 -- Sun Joe redefines spring cleaning with the Sun Joe SPX3000 Xtream® electric pressure washer. The versatile tool is to become the secret weapon in your arsenal against dirt, grime, and stubborn stain and help you to renew and transform your outdoor space.
- In February 2023 — John Deere, is expanding its portfolio of products designed for the future by introducing the all-new Z370R Electric ZTrak™ Residential Zero Turn Mower. The John Deere electric residential zero-turn mower is targeted toward property owners who want to maintain their yard appearance easily with reduced maintenance, simplified use, and increased operator comfort due to less noise and vibration while mowing.
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Power Lawn and Garden Equipment Market – Key Segments
Equipment Type
- Mower
- Riding (Garden / Turf Tractor)
- Non-riding
- Trimmer and Edger
- Wire Blade Trimmer
- Fixed Blade Trimmer
- Hedge Trimmer
- Snow Thrower / Blower
- Single Stage
- Dual Stage
- Rotary Tiller
- Blower and Vacuum / Sweeper
- Others (Sprayer, Sprinkler, etc.)
Application
- Residential
- Commercial
Price
- Low
- Medium
- High
Distribution Channel
- Direct
- Indirect
Power
- Gas
- Electric
- Battery Operated
- Manual
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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