Lawn & garden equipment market valuation from gas-powered equipment is expected to reach USD 25.5 billion by 2032. Robust consumer preference for this equipment can be attributed to the high power and flexibility offered by these technologies. Gas-powered products ensure better operational range and enhanced power output. Moreover, gas-powered tools are more reliable in terms of power since they can be used for an extended amount of time, as long as sufficient fuel is provided.
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The industry size from residential end-use is set to observe 5.5% growth between 2023 and 2032. A surge in landscaping activities and significant investments in residential homes fostered by rising disposable incomes in developing economies will propel the demand for lawn & garden tools. Additionally, sustainable home farming and gardening trends are increasing consumer requirements for more sophisticated tools to support the growth of vegetation in lawns &gardens. Furthermore, growing public awareness regarding holistic health and well-being has resulted in a high prevalence of vegetable gardening. Combined, these factors will fuel the residential applications of such equipment.
The walk-behind lawn & garden equipment market revenue will record a valuation of USD 48 billion by 2032. Walk-behind equipment is perceiving a considerable rise in demand because of the presence of favourable characteristics such as higher flexibility, low maintenance and ease of operations. They also ensure smoother maneuverability in confined spaces. Increasing vegetable and flower gardening in small spaces will positively affect the industry outlook.
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The lawn mowers product type is slated to witness over 6.5% growth rate through 2032. Rising disposable incomes have led to a high public interest in aesthetic and luxury living standards. A rise in infrastructure progress is also spurring landscaping and groundskeeping activities across residential and commercial spaces. Ongoing advancements in powertrain technology and favorable pricing effectively attract a herd of consumers. Furthermore, the advent of robotics and the electrification of equipment offers lucrative scope for the advancement of next-generation lawn mowers.
North America lawn & garden equipment market is poised to cross USD 38 billion by 2032. Developed economies in North America such as the U.S., and Canada showcase strong demand for lawn equipment and gardening tools. The region also has a solid footprint of key players entering joint collaborations and partnerships along with new product launches. Increasing consumer preference for electrically powered equipment will showcase a positive industry overview.