Global Power Lawn and Garden Equipment Market - Wishtree Insight

Global power lawn & garden equipment Market by Type (Blowers, Lawn Mowers, Trimmers & Edgers, and Cutters & Shredders), End-User (Commercial and Household), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Global power lawn & garden equipment market size was valued at USD 37 billion in 2021 and is expected to surpass USD 53.20 billion by 2031, expanding at a CAGR of 7.9% during the forecast period, 2021–2031. The growth of the market is attributed to the increasing indulgence in gardening activities, organic farming, increase in public gardens and parks.

INTRODUCTION

Lawn and garden equipment are tools used for gardening purposes, agriculture, and horticulture. Hand tools and power tools are used to maintain kitchen gardens, mowing, and lawn maintenance. The advancements in technology and automation owe to the evolution of lawn and gardening equipment. The increasing demand for technologically enhanced and automated gardening equipment for domestic and commercial use is anticipated to be a key factor in the growth of the lawn and garden equipment market. Hand tools, weeder, trimmers, axe, paving weeder, spades, hoe, shovels & snips, shears, edgers, and lawnmowers and others are the required products for lawn & garden equipment. Whereas, the rise and popularity of kitchen gardening, small-space gardening, organic gardening, and urban farming is expected to make lucrative growth in the lawn & garden equipment market. The availability of technologically advanced products and the rise in smart gardening are expected to grow the market. Smart gardening allows end-users by making gardening simpler and easier to maintain. .

Market Trends, Drivers, Restraints, and Opportunities

• The rising awareness about gardening and organic farming worldwide fuels the growth of the power lawn & garden equipment market.
• The demand for automated water sprinklers, lawn tools, and modern gardens is expected to augment the need for lawn & gardening equipment in the coming future.
• Rising golf courses and increasing public gardens & parks are some other major driving factors for the power lawn and garden equipment market.
• Rise in outdoor lawn parties is anticipated to drive to the adoption of power lawns & garden equipment.
• Development of commercial spaces and growth of the hotel & tourism industry is expected to propel the market.
• Growing disturbances in the retail market and natural disasters are some of the restraining factors in this market.

Scope of the Report

Market Segment Insights

The lawn mower segment is expected to expand at a rapid pace

Based on type, the global power lawn & garden equipment market is divided into blowers, lawnmowers, trimmers & edgers, and cutters & shredders. The lawn mower segment is expected to expand at a rapid pace during the forecast period. The wide use of lawnmowers for the maintenance of gardens and lawns in public parks, sports fields, commercial spaces, and house backyards.

The household segment is projected to register a considerable CAGR

On the basis of end-user, the market is bifurcated into commercial and household. The household segment is projected to register a considerable CAGR of 51% during the forecast period. The growing popularity of outdoor activities has triggered the need to maintain the backyard. Also, it is contributed to the mental as well as the physical well-being of individuals. The backyard garden or lawn is used for parties, cooking, and playing which motivates the gardener to purchase the equipment. On the other hand, the commercial segment is anticipated to account for a major market share during the forecast period.

The North American region is anticipated to constitute a key market share

In terms of regions, the GLOBAL POWER LAWN & GARDEN EQUIPMENT market is classified as the Asia Pacific, Middle East Africa, Europe, North America, and Latin America. The market of the North American region is expected to constitute a key share of the market during the projected period due to the increased spending on outdoor living spaces, preference for backyard cooking, garden parties, and others. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period with key players adopting an expansion strategy in this region to gain maximum market share in the coming years. Countries in the region like China and India are offering ample opportunities for the growth of the power lawn and garden equipment market with its high population base. Key factors such as changing lifestyles of the growing population and rise in the disposable income are some other supporting drivers of the Power Lawn and Garden Equipment Market in the Asia Pacific region.

Competitive Landscape

Key players competing in the Global power lawn & garden equipment market are Briggs & Stratton Corporation (U.S.); MAT Engine Technologies (U.S.); ANDREAS STIHL AG & Co. KG. VIKING (Germany); Bosch Power Tools (India); Husqvarna AB (Stockholm); BLACK+DECKER Inc. (Britain); Briggs & Stratton Corporation (U.S.); Deere & Company (U.S.); ECHO Incorporated (Canada); Kohler Co. (U.S.); MTD Product Inc. (U.S.); Snow Joe LLC (New Jersey)

FAQs

How much is the market worth?

The Global power lawn & garden equipment market size was valued at USD 37 billion in 2021 and is expected to surpass USD 53.20 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 7.9%.

What segments are covered in the Global power lawn & garden equipment report?

Type (Blowers, Lawn Mowers, Trimmers & Edgers, and Cutters & Shredders), End-User (Commercial and Household)

Mention the key players in the market

Briggs & Stratton Corporation (U.S.); MAT Engine Technologies (U.S.); ANDREAS STIHL AG & Co. KG. VIKING (Germany); Bosch Power Tools (India); Husqvarna AB (Stockholm); BLACK+DECKER Inc. (Britain); Briggs & Stratton Corporation (U.S.); Deere & Company (U.S.); ECHO Incorporated (Canada); Kohler Co. (U.S.); MTD Product Inc. (U.S.); Snow Joe LLC (New Jersey)