Global Landscaping Tools Market, By Product Type (Lawnmowers, Power Tools, Hand Tools, and Other Landscaping Tools), By End-User (Residential and Commercial), and By Region- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2027
Global Landscaping Tools Market
Global Landscaping Tools Market was valued at USD 29340 million in 2021 which expected to reach USD 56235 million by 2027, at a CAGR 7.45% from 2022-2027.
The landscaping tools mainly used in agricultural operations have been considered in estimating the market. Tools used in operations like Lawnmowers, Power tools, hand tools, and other tools have been considered during market estimation. The landscaping tools used for industrial & construction purposes are excluded from the study.
Market Drivers
Growing technological advancements is gaining traction in the global landscaping tools market. Key players are increasingly focusing on technological development to maintain the relevance & gain more customers by production of novel products. The consumer preferences continue to changes & are different in the global market. For instance, in October 2018, Honda power Equipment launched that it had redesigned its HRX Lawn Mower which can deliver 10x more power as well as a premium performance.
Customer preference shift towards environment-friendly & organic environment with the installation of indoor gardening is another prominent factor in the global landscaping tools market. Several countries across the globe are inclining towards organic & sustainable environment with the installation of indoor gardening inside the houses which expected to accelerate the market growth over the forecast period.
Market Restraints
The high cost of landscaping tools is expected hamper growth of the market over the forecast period. The demand for landscaping tools is raising around the world, due to the increasing number of landscaping activities. However, due to the high cost of tools, the market is experiencing hindrance, specifically in emerging regions.
Market Segmentation
The Global Landscaping Tools Market is segmented into type such as Lawnmowers, Power Tools, Hand Tools, and Other Landscaping Tools. Further, market is segmented into End User such as Residential and Commercial.
Regional Analysis
The Global Landscaping Tools Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America is expected to dominate the global landscaping tools market throughout the forecast period. Due to the increasing environmental concerns leading to urbanization, growing focus on green backyards for recreational activities & better air quality, and growing standards of living as well as improved lifestyle in countries like Canada and the United States across the region.
Key Players
Andreas Stihl AG & Co. KG, Fiskars Corporation, Husqvarna AB, Makita Corporation, Falcon Garden Tools, MTD Products Inc., Honda Power Equipment, Robert Bosch GmbH, The Toro Co., Stanley Black & Decker Inc., etc.
Market Taxonomy
By Type
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