Gardening Tools Market Status and Outlook 2027
Gardening Tools Market Status and Outlook 2027
Furthermore, projections indicate that the worldwide gardening tools market is poised to grow at a Compound Annual Growth Rate (CAGR) of 4.51%, reaching a total value of USD 112.09 billion within the forecast period spanning from 2022 to 2030.
Gardening equipment refers to the tools used to keep gardens in good shape. Levers, toothed wheels, iron, and other materials compose these tools. Hand tools and power tools are the two sorts of gardening equipment accessible. Commercial and household customers mostly utilize these instruments for landscaping purposes. Paving, hand tools, fishtail weeders, snips, lawnmowers, trimmers, and other gardening equipment are among the most used. Users utilize this equipment for mowing and lawn upkeep in large numbers. The gardening equipment is available for manual, semi-automatic, and fully automatic operation. Technological improvements in gardening equipment result in developing new and more efficient tools that are less energy-intensive, more ergonomic, and save end-user time.
Prominent players in the global gardening tools market include Fiskars Group (Finland), Husqvarna AB (Sweden), Falcon Garden Tools Pvt Ltd. (India), Ribe Energy Machinery SL (Spain), ILAGA Supplies (Spain), Stanley Black & Decker, Inc. (US), Ingersoll Tillage Group, Inc. (Canada), Bully Tools, Inc. (US), Zenport Industries (US), and Griffon Corporation Inc. (US).
Rising construction activities globally, owing to various causes such as fast industrialization, population expansion, urbanization, and other factors, are likely to propel the gardening equipment market forward in the coming years. Furthermore, expanding housing activity is driven by a growing middle-class population and rising disposable income, particularly in the Asia Pacific. Certain conditions may encourage people to take up gardening as a pastime, increasing the demand for gardening equipment in these nations. Furthermore, technical improvements in the gardening equipment business have resulted in the commercial and domestic adoption of water management tools and lawnmowers. As a result, the gardening tools market is expected to grow in the next years.
Due to the protracted lockdown in key worldwide countries, the coronavirus pandemic has caused the manufacture of different items in the gardening equipment business to halt. This has impeded the expansion of the gardening equipment market in recent months, and it is expected to continue in 2020. Coronavirus has already had a detrimental impact on equipment and machinery sales in the first quarter of 2020 and is expected to continue to do so throughout the year.
Market Segmentation:
Global Gardening Tools Market, by Product Type
Lawn Mowers
Blowers
Vacuums & Sweepers
Pruning Tools
Striking & Digging Tools
Chain Saw
Others
Global Gardening Tools Market, by Tool Holder
Engine Tools
Hand Tools
Global Gardening Tools Market, by End Use
Commercial
Residential
Global Gardening Tools Market, by Distribution Channel
Store-Based
Non-Store-Based
Regional Analysis:
Growing technological advances, extravagant landscaping, modern features, lush gardens, and smart irrigation are all on the rise in the region. They are expected to impact the landscape and gardening service industry. People around the United States are planting for wildlife on purpose, making a difference in conservation where they live, and expanding the wildlife gardening movement. The millennial generation is more interested in landscaping and gardening as a hobby, which has increased the demand for mowing and landscaping services.
The availability of diverse and simple-to-use gardening tools has sparked a surge in public interest in taking up gardening as a hobby. The market will also develop due to new government measures to promote garden plots as an essential component of society. The major goal of this project was to give gardeners materials and equipment to help them expand or establish a school, community, or personal garden. Such new measures by developed-country governments might significantly influence the gardening equipment market's growth in the future years.
Recent Developments
Few developments that occurred in recent times influencing the market growth of gardening tools are listed below:
In August 2019, Stanley Black & Decker acquired the remaining 80 percent ownership stake in MTD Holdings Inc. The acquisition is aimed to increase the presence and manufacturing capacities of the company.
Key questions answered in the report:
Which are the five top players of the Gardening Tools market?
How will the Gardening Tools market change in the next five years?
Which product and application will take a lion’s share of the Gardening Tools market?
What are the drivers and restraints of the Gardening Tools market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Gardening Tools market throughout the forecast period?
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