Home > HVAC & Construction > Lawn & Garden Equipment Market
Lawn & Garden Equipment Market size surpassed USD 32,415.2 million in 2020 and is projected to grow at around 7.1% CAGR from 2021 to 2027.
An increasing number of golf courses in North America will positively influence the industry demand. High regional concentration of golf courses including Shinnecock Hills, Pine Valley, National Golf Links of America, Oakmont, Sand Hills, Merion (East), Augusta National, Pebble Beach, and Bandon Dunes (Pacific Dunes) will play a significant role in driving the market growth. Lawn & garden equipment finds application in grass & weed cutting for improved sports pleasures. Golf courses primarily gather the attention of the retired or other planned communities.
Get more details on this report - Request Free Sample PDF
The high concentration of golf courses and swiftly increasing course maintenance operations are the major growth drivers of lawn and garden equipment consumption. According to the National Golf Foundation (NGF), the U.S. holds the highest number of golf courses in the world, i.e., registering about 15,000 units, accounting for more than 40% of the total golf courses globally. It also ranks seventh for the population per golf course/hole that will significantly contribute to the industry growth.
The growing contribution of golfers in sports activities is anticipated to increase the volume share of lawn & garden equipment. The growing age group of older adults will stimulate tournaments that require scheduled golf course maintenance. Gas-powered tractors and lawn mowers also provide a convenient & effective alternative to golf clubs for grass cutting and mowing.
High disposable incomes in North America compared to other regions will substantially encourage the utilization of lawn & garden equipment for activities in golf courses and country clubs. The U.S. accounts for one of the highest rates for household net-adjusted disposable income per capita.
Report Coverage | Details |
---|---|
Base Year: | 2020 |
Market Size in 2020: | USD 32,415.2 Million |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 7.1% |
2027 Value Projection: | USD 52,455.9 Million |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 380 |
Tables, Charts & Figures: | 569 |
Segments covered: | Power, End-use, Operation, Product and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Get more details on this report - Request Free Sample PDF
The ongoing COVID-19 pandemic has a significant impact on lawn & garden equipment market across the globe. Increasing indoor farming coupled with proliferating DIY activities for lawn & gardening, especially in the U.S., has positively influenced product consumption. However, high noise levels coupled with high vibrations may hamper product consumption.
In 2020, gas-powered lawn & garden equipment market generated over USD 15 billion revenue. Power and flexibility offered by gas-powered equipment will support a continual growth outlook through 2027. The gas-powered equipment features an increased operational range and increased power output compared to electric-powered counterparts. Commercial spaces require extended operations and gas-powered equipment is an ideal choice for the operation. Companies across the globe are already exploring the advantages of gas-powered equipment and are continually developing new iterations.
Get more details on this report - Request Free Sample PDF
Residential end-use segment is predicted to reach above USD 29 billion by 2027. Rising landscaping activities coupled with increasing expenditure on residential housing will primarily augment the residential lawn garden equipment market growth. Changing consumer preferences toward diverse and bigger lawns & gardens, the rising popularity of Do It Yourself (DIY) gardening activities, and the expansion of tool kits to properly maintain garden spaces will further prosper product popularity. People are actively participating in gardening activities, such as landscaping, plantation, and beautification, thereby increasing the demand for garden equipment for maintenance purposes.
Get more details on this report - Request Free Sample PDF
Walk-behind operating equipment is anticipated to hold more than 70% of the lawn & garden equipment market share by 2027. The convenient characteristics associated with walk-behind equipment such as flexibility, low maintenance, easy operations, and capability to work effectively in confined spaces will primarily fuel the market growth. Technological advancements in aesthetics and performance have garnered substantial attention from several users. For instance, Honda launched the HRX walk behind lawn mower with enhanced grass grooming features and lightweight engines.
Sprinkler & hoses product segment is estimated to witness over 4% CAGR through 2027. Convenience and innovation are major driving forces complementing the increased demand for sprinklers. Sprinklers offer water-saving features, such as variable timing & valve opening and even water spread, contributing to the plant health and leading to increased adoption rates. Several steps from the government agencies have also supported improvements in sprinklers. In August 2019, the Government of California announced the adoption of new regulations mandating the sale of sprinklers with specialized components, restricting water flow to 30 pounds per square inch.
The Asia Pacific lawn & garden equipment market is poised to account for about 10% volume share during 2021-2027. Economic development, proliferating urbanization, and rising housing activities will augment the regional market demand. The upcoming global sporting events, such as the Japan Olympics and the Winter Olympic Games China 2022, have prospered equipment demand for aesthetic enhancement of the hosting venues. Moreover, rising playgrounds and golf courses in the region will further boost the market expansion.
Manufacturers have adopted various aggressive strategies such as new product development, capacity expansion, and technological innovation to strengthen their competitive advantage in the market. In May 2019, Briggs & Stratton Corporation announced the addition of Quiet Power Technology to its snapper mower lineup. This technology will provide an enhanced user experience with improved multi-mode deck features in mowers, escalating the product size.
Key players in lawn & garden equipment market are Deere & Company, Briggs & Stratton Corporation, Husqvarna Group, Robert Bosch GmbH, Ariens Company, Falcon Garden Tools, Honda Motor Co., Ltd., Fiskars Group, The Toro Company, STIGA S.p.A., Kubota Corporation, Koki Holdings Co., Ltd., Stihl Holding AG & Co., KG., Makita Corporation, Stanley Black & Decker, Techtronic Industries Co., Ltd. (TTI), and MTD Holdings Inc.
Market, By Power
Market, By End-use
Market, By Operation
Market, By Product
The above information is provided on a regional and country basis for the following: