The Global Lawn & Garden Equipment Market Share is projected to demonstrate substantial growth and achieve an impressive CAGR during the forecast period from 2020 to 2028. 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. The global impact of COVID-19 has been unprecedented and staggering, with lawn & garden equipment witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a lower growth of 6.3% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
This report provides a comprehensive analysis of the global Lawn & Garden Equipment Market, offering both a broad overview and detailed insights. It covers essential aspects such as market size, competitive landscape, emerging trends, key drivers, challenges, and a thorough SWOT analysis.
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The lawn & garden equipment market is expanding as homeowners and landscaping professionals seek efficient, eco-friendly solutions. Battery-powered equipment, smart irrigation systems, and robotic lawn mowers are revolutionizing the sector. With increasing urbanization and interest in home gardening, demand for advanced gardening tools is expected to grow.
List of top Lawn & Garden Equipment companies
Deere & Company (U.S.)
Husqvarna Group (Sweden)
Falcon Garden Tools Pvt. Ltd. (India)
Robert Bosch Power Tools GmbH (Germany)
American Honda Motor Co., Inc. (U.S.)
AriensCo (U.S.)
The Toro Company (U.S.)
Fiskars Group (Finland)
Stanley Black & Decker, Inc. (MTD Products Inc) (U.S.)
Emak S.p.A. (Italy)
Market Insights from the Report
The Lawn & Garden Equipment Market report delivers in-depth insights into the global market, combining future forecasts, historical data, scientific analysis, and industry-driven methodologies. It presents a wealth of data to enhance the understanding of market dynamics.
Key aspects covered include market segmentation, distribution channels, application categories, regional analysis, and product evaluations, offering a comprehensive view of the market landscape.
This report provides a detailed assessment of the current market scenario while offering valuable projections for future growth. It includes forecasts for market size, growth rate, industry trends, and segmentation, along with an analysis of key drivers and constraints shaping market development. These predictions are based on various factors such as economic indicators, industry share, and historical trends. By utilizing these insights, businesses can uncover growth opportunities and assess potential risks within the industry.
Drivers & Restrains
Drivers:
Increasing consumer interest in gardening and outdoor activities, driving the demand for lawn and garden equipment for residential and commercial use.
Technological advancements in equipment design and functionality, such as battery-powered and smart lawn care tools, enhancing user convenience and efficiency.
Restraints:
Seasonal demand fluctuations may impact sales and revenue stability in the lawn and garden equipment market.
High initial costs for advanced equipment and maintenance may deter budget-conscious consumers from purchasing premium products.
Regional Insights
North America: United States, Canada, Mexico
Europe: Germany, France, UK, Russia, Italy
Asia-Pacific: China, Japan, Korea, India, Southeast Asia
South America: Brazil, Argentina, Colombia
Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa
Analysis and Insights: Lawn & Garden Equipment Market Size
The Lawn & Garden Equipment Market is projected to witness significant growth from 2025 to 2032, with a strong CAGR anticipated during this period, according to Fortune Business Insights. This expansion is driven by technological advancements and innovations, leading to the development of next-generation aircraft and defense systems.
Emerging markets in the Asia-Pacific region, particularly China and India, are heavily investing in their aerospace and defense sectors, creating new opportunities for market growth. Additionally, companies are adopting strategies such as mergers, acquisitions, collaborations, and partnerships to strengthen their market presence and diversify their product offerings.
Despite these growth prospects, the industry faces notable challenges, including stringent regulatory requirements, geopolitical uncertainties, and the lingering impact of the COVID-19 pandemic on travel and defense budgets.
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