Garden Tools Market Size, Sales Volume, Status Till 2030
Garden Tools Market
The global Garden
Tools Market Size was valued at USD 88.10 billion in 2022 and is expected
to grow at a compound annual growth rate CAGR of 6.0 % from 2023 to 2030. The
expanding elderly population is one of the factors driving the demand for
ergonomic products for lawns and gardens. Additionally, higher disposable
income and a decline in home prices have led to an increase in real estate
developments in all economies. Over the projected period, this trend is
anticipated to fuel demand for gardening equipment. Another trend among
millennials to turn outside spaces into relaxing spaces with lounges,
entertainment areas, outdoor kitchens, and party spots is also expected to
augment the market growth.
Get Free Sample
Report@
https://www.vertexbusinessinsights.com/request-sample/37/garden-tools-market
The U.S. Market is Estimated at $24.8 Billion, While China
is Forecast to Grow at 7.4% CAGR
The Garden Tools market in the U.S. is estimated at US$24.9
Billion in the year 2022. China, the world's second largest economy, is
forecast to reach a projected market size of US$30.2 Billion by the year 2030
trailing a CAGR of 7.5% over the analysis period 2023 to 2030. Among the other
noteworthy geographic markets are Japan and Canada, each forecast to grow at
2.9% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is
forecast to grow at approximately 3.5% CAGR.
Global Garden Tools Market Definition
Garden Tools Market refer to a range of tools that are
specifically designed for gardening and horticulture activities. These tools
are generally classified as hand tools and power tools. These type of equipment
are utilized for cutting, trimming, and mowing the grass. The gardening
equipment are available in various sizes and shapes, and are designed according
to function such as drain, gardening, and roofing, among others.
Market Synopsis
The gardening products business is quite appealing, and it
is an established market with consistent growth. Over the forecast period, the
lawnmowers product segment is expected to be the largest and fastest growing.
This can be attributed to the extensive usage of lawnmowers in backyards, city
parks, and athletic fields for grass and garden upkeep. Electric spades and
pruners, hedge trimmers, and other fuel or electricity-powered gardening tools
improve efficiency. Gardening equipment sales are predicted to increase
gradually over the forecast period, owing to the rise of outside activities
such as sports, landscaping, and recreational activities.
COVID-19 Impact on Garden Tools market
COVID-19 had a negative impact on the Garden Tools market.
Landscaping tools manufacturers were largely impacted due to challenges,
including shortage of labor and supply chain disruptions declining the sales of
Garden Tools. However, market key players adopted new safety measures for
developing the products. The online distribution channel changing the shopping
habits of people as it offers benefits such as easy payment methods, availability
of a wide range of products, doorstep delivery and heavy discounts assisted in
the growth of the market during the pandemic. The increased landscaping and
gardening activities after the upliftment of lockdown in several countries will
escalate the market growth.
Gardening Equipment Market Dynamics
This section deals with understanding the market drivers,
advantages, opportunities, restraints and challenges. All of this is discussed
in detail as below:
Drivers:
Urban Gardening
The rise in trend of urban gardening and landscaping in
residential and commercial projects in the developed and developing countries
acts as one of the major factors driving the growth of gardening equipment
market.
Increase in Demand
for Lawn Tools
The surge in demand for lawn tools in landscaping services
accelerate the market growth. These tools are primarily used for various
gardening activities, such as trimming, aligning, cutting, and maintaining the
health of the lawns.
Use for Various
Infrastructures
The increase in demand for gardening equipment for numerous
infrastructures, including sports fields, public parks and golf courses, among
others further influence the market over the forecast period. The rise in the
demand of landscaping services in emerging economies assists in the market
growth.
Get Complete Report@
https://www.vertexbusinessinsights.com/main_report/37/garden-tools-market
Key Market Segmentation:
Breakup by Product:
Hand Tools
Weeder
Cape Cod Weeder
Paving Weeder
Fishtail Weeder
Hoe
Shears and Snips
Others
Lawnmowers
Trimmers and Edgers
Water Management Equipment
Others
Breakup by End Use:
Residential
Commercial/Government
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Prominent players in
Garden Tools Market include:
Ariens Company
American Honda Motor Co. Inc.
Briggs Stratton
Deere & Company
Falcon Garden Tools
Fiskars
Husqvarna Group
Robert Bosch GmbH
Robomow Friendly House
The Toro Company
ABOUT US:
With a deep understanding of the industry landscape, Vertex Business Insights is a research and advisory firm
offering insights into a variety of industry verticals, products, and services.
Our team of highly experienced professionals offers a holistic and
research-driven view of every industry vertical, product or service, or
industry sector.
CONTACT US
sales@vertexbusinessinsights.com
Phone:
+1 210-775-2636 (USA)
+ (91) 853 060 7487
Comments
Post a Comment