Global Lawn and Garden Equipment Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn.
The global Lawn and Garden Equipment market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Lawn and Garden Equipment report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Lawn and Garden Equipment Market Overview:
Lawn and garden equipment are extensively used for maintenance and alignment of lawns and gardens for special occasions as well as for aesthetic looks of residential premises. Increasing demand for horticulture and agricultural practices and the need for automation in lawn mowing technology are the factors considered to drive the lawn and garden equipment market growth. The market is expected to register CAGR of 4.6% during the forecast period.
Global Lawn and Garden Equipment Market Dynamics:
Increasing outdoor activities by people and increasing demand for automated equipment for their time and energy-saving capabilities are the key factors driving the lawn and garden equipment market growth. Furthermore, the extensive popularity of public parks, commercial places, and sports arenas are the supporting factor considered to drive the growth of the market.
Moreover, increasing need and awareness regarding environment conservation and pollution issues is boosting the demand for eco-friendly and emission-less equipment.
The growing use of robotic lawn trimmers to save time and energy is the expected opportunity for key players in the market in near future.
Global Lawn and Garden Equipment Market Segment Analysis:
Based on product, the market is segmented into lawn mowers, edgers, trimmers, hand tools, and lawn riders. Lawn riders and trimmers was the dominated segment in the market in the year 2019 owing to the increasing need for aesthetic appeal in public parks and sports complexes and thereby increasing demand for trimmers. The lawn riders and trimmers segment is expected to continue to grow during the forecast period owing to the increasing automation of equipment.
Global Lawn and Garden Equipment Market
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Based on control type, the market is segmented into automatic and manual. Automatic control is the dominating segment owing to increasing need for time and energy-saving equipment. The automatic control segment is expected to continue the dominance in the near future owing to technological advancements in the machining and equipment industry and increasing research and development in the field of automation.
Based on end-user, the market is segmentedinto residential, industrial, and commercial. The residential sector dominated the market share in 2019 owing to the increasing popularity of backyard activities including garden parties and functions. Moreover, increasing garden culture and rooftop lawns in residential areas is the supporting factor driving the growth of the segment. The commercial sector is expected to dominate the market in near future owing to the increasing popularity of outdoor activities including sports and public parks for gatherings and hangouts. Furthermore, governments are investing in commercial properties for increasing the tax collection and support intensification of state revenue.
Based on distribution channel, the market is divided into online sales and retail stores. Retail stores are the dominating segment in the market with a market share of approximately 70% owing to increasing suppliers power of retailers and growing mergers and acquisitions between distributers with high retail chains and manufacturers in the market. Factors attributing market growth of the retailer segment is increasing trust between customers and retailers and increasing supplying power of distributers as lawn and garden equipment market comes under specialty equipment and henceforth competition in the market is very low compared to other markets.
Online stores are expected to dominate the market in near future owing to the effect of the COVID 19 pandemic and increasing health concerns in people. Avoiding social gatherings and restrictions imposed by many governments are the factors expected to drive the market during the forecast period.
Global Lawn and Garden Equipment Market Regional Insights:
North America was the dominant region in the market in 2019 owing to the increasing standard of living and increasing disposable income of the consumers in the region. Moreover, the growing automation industry and availability of raw materials are the supporting factors driving the growth of the market in the region. Nowadays, materials like Aluminium, Steel, and Iron are extensively used in the manufacturing of garden and lawn equipment owing to their strength and high availability in the regions including US, Mexico, and Canada.
Latin America, Africa and Middle East are the growth attributing regions in near future owing to growing construction industries in the region and rapid urbanization of key areas in the region.
The objective of the report is to present a comprehensive analysis of the Global Lawn and Garden EquipmentMarket to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Lawn and Garden Equipment Marketdynamics, structure by analyzing the market segments and project the Global Lawn and Garden Equipment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Lawn and Garden Equipment Market make the report investor’s guide
Global Lawn and Garden Equipment Market Scope: Inquire before buying
Global Lawn and Garden Equipment Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Lawn and Garden Equipment Market Key Players
• Bosch Power Tools
• Husqvarna Group
• MTD Products
• Ariens Co.
• Kubota Corporation
• Wolf- Garten
• Toro Company
• Hitachi Ltd.
• Deere & Co.
• Briggs& Stratton Corporation
• Stanley Black & Decker
• Alamo Group Inc.
• Blount International Inc.
• The Ames Companies Inc.
• Estwing Manufacturing Co. Inc.
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