ordless Garden Equipment Market to Be Worth $20.3 Billion by 2031


Posted December 24, 2024 by Meticulous2222

Cordless Garden Equipment Market Size, Share, Forecast, & Trends Analysis by Product Type (Lawn Mowers, Chainsaws, Hedge Trimmers), Battery Technology (Lithium-Ion Batteries), End User (Commercial, Residential), and Geography
 
Meticulous Research®—a leading global market research company, published a research report titled ‘Cordless Garden Equipment Market—Global Opportunity Analysis and Industry Forecast (2024-2031).’ According to this latest publication from Meticulous Research®, the cordless garden equipment market is expected to reach $20.3 billion by 2031, at a CAGR of 5.6% from 2024 to 2031.

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The growth of the cordless garden equipment market is primarily driven by increasing environmental awareness, rising demand for battery-powered garden tools, and growing consumer spending on gardening products and decor. However, the high cost of cordless garden equipment may restrain the growth of this market.

Additionally, advancements in battery technology are expected to create significant growth opportunities for players operating in this market. However, concerns over the failure of electrical components and the heavy reliance on batteries are some of the challenges affecting the market's growth.

The cordless garden equipment market is segmented by product type, battery technology, and end user. The report evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product type, in 2024, the lawnmowers segment is anticipated to dominate the cordless garden equipment market. This segment’s dominant position in the cordless garden equipment market can be attributed to the increasing demand for cordless power tools in gardening, the growing popularity of cordless lawnmowers, the integration of smart technology into lawnmowers, and the rising need for compact and efficient lawn care solutions. Additionally, the benefits offered by cordless lawnmowers, such as convenience and enhanced safety and control, further contribute to the growth of this segment.

Based on battery technology, in 2024, the lithium-ion batteries segment is anticipated to dominate the cordless garden equipment market. This segment’s dominant position in the cordless garden equipment market can be attributed to the rising demand for high energy density and longer runtimes, the growing adoption of portable and lightweight garden equipment, consumer preference for eco-friendly and low-maintenance tools, and the increasing use of battery-powered lawnmowers, trimmers, blowers, and other gardening equipment.

Based on end user, in 2024, the commercial segment is anticipated to dominate the cordless garden equipment market. This segment’s dominant position in the cordless garden equipment market can be attributed to the rising need for maintaining public gardens, parks, and commercial facilities and the growing number of private events and parties held on lawns.

Based on geography, in 2024, North America is anticipated to dominate the cordless garden equipment market. North America’s significant market share can be attributed to the presence of key market players, the increasing adoption of cordless garden equipment by homeowners and professional landscapers, rising consumer spending on gardening products and décor, advancements in battery technology, and growing investments by major market players.

Key Players

The key players operating in the cordless garden equipment market are ANDREAS STIHL AG & Co. KG (Germany), Oregon Tool, Inc. (U.S.), Deere & Company (U.S.), Emak S.p.A (Italy), Husqvarna Group (Sweden), The Toro Company (U.S.), ECHO INCORPORATED (U.S.), Makita U.S.A., Inc.(U.S.), Greenworks Tools (U.S.), Stanley Black & Decker, Inc. (U.S.), Techtronic Industries Co. Ltd.(Hong Kong), and Briggs Stratton Corporation (U.S.).

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Issued By Dipali
Country India
Categories Business
Tags cordless garden equipment market cordless garden equipment batterypowered garden tools cordless garden equipment cordless hedge trimmers cordless land
Last Updated December 24, 2024