Lawn & Garden Equipment Market size worth around $45bn by 2025
Published Date: November 7, 2019 Authors: Kiran Pulidindi, Hemant Pandey
Lawn & Garden Equipment Market size is estimated to surpass USD 45 billion by 2025; according to a new research report by Global Market Insights, Inc.
Growing individual inclination towards horticulture coupled with ease in gardening activities offered by the specially designed products will majorly drive the market demand. Proliferating landscaping establishments along with rising single-family housings will spur the product share over the study timeframe. Further, ongoing product innovations along with technology driven consumers will support the industry growth.
Stringent noise emission regulations and inclination of consumers towards green energy to play major role
Increasing preference for advanced equipment in conjunction with stringent emission regulations will propel the lawn & garden equipment industry growth. Continuously depleting fossil fuels are leveraging the utilization of products operating on alternative energy sources. Shifting inclination of consumers for highly efficient equipment generating zero emissions is promoting the adoption of electric powered equipment.
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Changing consumer lifestyles along with the expansion of modern houses will stimulate the product penetration. Rising usage of lawns and fields for occasions and celebration activities will also escalate the industry expansion over the projected timeframe. Increasing preference of aging population towards lawn & garden management activities will substantially accentuate the product sales.
Manual powered lawn & garden equipment industry will showcase a considerable growth with over 7.5% CAGR up to 2025 owing to lower ownership costs and growing diversity of vegetation in residential spaces. The manually operated equipment provides quiet and environment-friendly operations, which is also a contributing factor towards the growing product adoption. Additionally, companies such as Scotts are frequently launching several manually operated reel lawn mowers with integrated grass-catching bags.
Browse key industry insights spread across 380 pages with 555 market data tables & 14 figures & charts from the report, “Lawn & Garden Equipment Market Size By Power (Manual, Electric-Powered, Gas-Powered), By End Use (Residential, Golf Courses, Playgrounds), By Operation (Walk behind, Rider), By Product (Blowers, Chain Saws, Cutters & Shredders, Tractors, Lawn Mowers, Sprinkler & Hoses) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Golf courses hold a considerable share in the market growth by generating around a fourth of the global revenue share in 2018. This can be attributed to construction of new courses along with expansion of the existing courses. Increasing participation in golf activities and growing number of golf sport tournaments in the developed countries of North America and Western Europe are further supporting the growth.
Rider equipment with facilities for the operator to ride on the machines will showcase the highest growth with over 7.5% CAGR up to 2025. The ride on mower is motor-propelled and does not require any additional effort unlike its walk-behind counterpart, making it ideal for extensive operations.
Chain saws lawn & garden equipment are experiencing considerable growth with over 6.5% CAGR over the projected timeframe owing to increasing demand for landscaping in residential plots. Advancements in battery technology have enabled innovative lightweight chain saws to be used as lawn care equipment.
Europe sales to be boosted by community engagement and product development
Europe contributes a considerable share in the lawn & garden equipment market with increasing community engagement in the implementation of green spaces and landscaping expenditure. Increasing focus on product development and R&D from industry players to gain market share will further support regional industry expansion. For instance, in January 2019, Terra launched a robotic lawn mower in Germany, featuring smart mapping technology and functioning to automatically charge the battery when low.
Industry participants are focusing towards facility expansion and portfolio expansion
Production facility expansion coupled with new product launches are the key strategies adopted by industry participants to enhance their market share. In August 2018, The Toro Company announced the expansion of its Wisconsin facility by addition of 180,000 square feet of space. This strategy enabled the company to increase their production capabilities and cater to a wide customer base from golf courses and sports fields. Some of the industry players are Husqvarna Group, MTD holdings, Deer & Company, TTI, Kubota, Robert Bosch, Honda, and Stilh.