Lawn & Garden Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Lawn & Garden Equipment Market
The lawn & garden equipment market size was valued at USD 29.58 billion in 2020, and the market is now projected to grow from USD 31.52 billion in 2021 to USD 50.85 billion in 2028, exhibiting a CAGR of 7.1% during the forecast period of 2021-2028.
The inclination and implementation of the work from home scheme has encouraged people to start inside activities. The sudden shutdown of economic activities caused social distancing practices, and lockdown norms expanded the market growth. However, the supply chain disruption has caused decline in manufacturing process and scarcity of raw material. Hence, the COVID-19 pandemic has moderately impacted on the lawn & garden equipment market growth.
The lawn & garden equipment market share globally has enlarged because of the shift toward electric garden and lawn tools. The growing thrust for electric powered devices is anticipated to observe rising demand for these tools across the world. Several countries are heavily focusing on offering electric equipment due to the rising concerns about noise and environmental issues.
The trend of raising requirements for an automated machine is encouraging the market growth. The increase in accessibility of newly invented products is encouraging more consumers to invest in the market. Furthermore, smart gardening enables customers to simplify brand gardening and on-time maintenance. The escalating demand for smart crop growing systems, such as uniform cutting, auto brake system, GPS technology, and others are boosting the market development.
Comprehensive Analysis of Lawn & Garden Equipment Market
The lawn & garden equipment market and machinery and equipment industry is increasing at an exponential rate because of its market segmentation. This market expansion effectively provides a detailed regional evaluation considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by equipment type, power, as well as end-use. The equipment types include lawn mower, chainsaws, cutters & shredders, trimmers & edgers, and others. The power consists of gas, electric, and manual. The end-use includes residential, golf courses, and playgrounds.
The North American region is conducive to the global lawn & garden equipment market, leading to a recall of USD 11.73 billion owing to strong existence of major manufacturers and the easy process of gardening practices.
The top players in the market play a vital role in the machinery and equipment industry assuring industrial prospectus growth and setting market values. These players are AriensCo (U.S.), Husqvarna Group (Sweden), Deere & Company (U.S.), Falcon Garden Tools Pvt. Ltd. (India), American Honda Motor Co., Inc. (U.S.), Robert Bosch Power Tools GmbH (Germany), The Toro Company (U.S.), Fiskars Group (Finland), Stanley Black & Decker, Inc. (MTD Products Inc) (U.S.), and Emak S.p.A. (Italy), these market players present a level-playing competitive landscape.
In October 2021, at SALTEX 2021 in England, AriensCo demonstrated its gasoline-powered zero-turn and line-up of battery mowers. The corporation also showed their conceptual stand-on mower lower emission & noise, battery-operated ‘ZENITH E’ and ‘ARROW’.
Segmentation Table
Global Lawn & Garden Equipment Market Scope
ATTRIBUTE
DETAILS
Study Period
2017 – 2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021 – 2028
Historical Period
2017 – 2019
Unit
Value (USD billion)
Segmentation
Equipment Type, Power, End-use, and Region
By Equipment Type
Lawn Mower
Chainsaws
Cutters and Shredders
Trimmers and Edgers
Others
By Power
Gas
Electric
Manual
By End-use
Residential
Playgrounds
Golf Courses
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