The Global Gardening Equipment Market size is expected to reach $114 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
Gardening equipment refers to a variety of items built primarily for gardening and horticulture. These tools are divided into two categories: hand tools and power tools. Cutting, pruning, and mowing the grass are all done using this type of machinery. Gardening equipment comes in a variety of sizes and designs and is meant to do certain tasks such as draining, gardening, and roofing, among others.
A gardener needs a variety of tools and equipment to do various horticultural tasks. Bones, wood, stones, and metals were used to make garden tools in the past. However, as science and technology have progressed, the use of metals such as copper, steel, and iron has led to the development of a variety of garden tools and equipment, such as the hand cultivator, lawn mower, tractor, spade, harrow, secateurs, garden fork, rake, sprinkler, pruning saw, grass shear, spray pump, budding-cum-grafting knife, and so on. 'Hand tools' and 'power equipment' are two types of tools and equipment.
Power equipment is more expensive than hand tools. They frequently serve numerous functions and are more convenient to utilize in compact places. The operation of power equipment necessitates the use of fuel, electricity, or a battery. They aid in the completion of time-consuming jobs. These tools and equipment, which are designed to execute various operations, aid in the efficient, easy, timely, and cost-effective completion of day-to-day farm tasks. These have changed the way people farm and garden all around the world.
The COVID-19 pandemic has caused a modest drop in the gardening equipment industry in the first half of 2020. The market's sluggish development might be ascribed to retail shop closures and decreasing customer demand for lawn and garden tools. However, the pandemic's impact has been mitigated by favorable meteorological circumstances, a longer gardening season, and gardeners' preference for internet shopping. Furthermore, stay-at-home recommendations to combat COVID-19 have caused people to spend the majority of their time at home, which have driven demand for gardening equipment in 2020.
One of the primary factors driving the growth of the gardening equipment market is the rising trend of urban gardening and landscaping in residential in industrialized and developing countries. Urban gardeners can be found all around the city. More city dwellers are honing their green thumbs, from luscious rooftop gardens to bright window hanging baskets. Despite the fact that there is no universal definition of urban gardening, it is commonly divided into two categories: container gardening and rooftop gardening. The international garden equipment market is being driven by an increase in investment in public parks by both government and the private sector.
Over the projection period, the market will be influenced by a growth in demand for gardening equipment for a variety of infrastructures, including sports fields, public parks, and golf courses, among others. As the popularity of sports like football, golf, and cricket grows, the demand for gardening equipment to keep the grounds for these sports maintained is likely to grow. The growing demand for landscaping services in emerging economies aids market expansion. Furthermore, increased public awareness of environmental preservation, and the popularity of vertical farming, all benefit the gardening equipment market.
While most economic indices declined in the past few years, housing prices mainly escaped the pandemic's consequences. Three-quarters of the nations included in the IMF's Global House Price Index reported price increases in 2020, and this trend has mainly persisted in countries with more recent data. Low borrowing rates, as well as government policy support and workers' increased need to be able to work from home, all contributed to the rise in house prices. Online house searches have hit record highs in numerous nations, including the United States. In addition to these demand drivers, house prices rose as supply chain interruptions boosted the costs of several construction components.
Based on End use, the market is segmented into Commercial/Government and Residential. The commercial/government segment acquired the largest revenue share in the gardening equipment market in 2021. Landscaping businesses, government/public sector agencies, hotels & hospitality, and sports & commercial turf facilities all fall within this category. These organizations maintain large lawns and gardens for various reasons and thus require gardening equipment for their maintenance. Globally, the hotel and tourism industries are expected to increase steadily, supporting segment expansion.
Based on Product, the market is segmented into Water Equipment, Lawn Mowers, Handheld Power Tools, and Hand Tools & Wheeled Implements. The lawn mowers segment procured a substantial revenue share in the gardening equipment market in 2021. This might be attributed to a boom in the use of tech-savvy items that provide consumers with increased convenience and comfort. A lawn mower (also known as a mower, grass cutter, or lawnmower) is a machine that cuts a grass surface to an even height using one or more spinning blades. Gardens with large lawns require regular maintenance of grass, and this has led to high demand for lawn mowers.
Based on Sales Channel, the market is segmented into Lawn & Garden Specialty Stores, National Retailers & Discount Stores, Home Centers, E-commerce, and Hardware Stores. The lawn and garden specialty stores segment acquired the largest revenue share in the gardening equipment market in 2021. The majority of sales are generated by OEMs through these third-party channels. Since these stores are specialty stores they maintain a large stock of all kinds of gardening equipment which makes it convenient for the shopper because they can get all their gardening equipment at one store.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 81.8 Billion |
| Market size forecast in 2028 | USD 114 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 5% from 2022 to 2028 |
| Number of Pages | 220 |
| Number of Tables | 370 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Sales Channel, End use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America acquired the largest revenue share in the gardening equipment market in 2021. During the past few years, the growing demand for portable and lightweight battery-powered equipment for backyard beautification has contributed to the growth of this segment. During the upcoming period, an increase in demand for battery-operated tools is also expected to boost demand for the gardening equipment market in the region.
Free Valuable Insights: Global Gardening Equipment Market size to reach USD 114 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Honda Motor Co. Ltd., Deere & Company, The Toro Company, Fiskars Brands, Inc., Husqvarna Group, MTD Products, Inc., Falcon Garden Tools Pvt. Ltd., AriensCo, and Briggs & Stratton, LLC.
By End use
By Product
By Sales Channel
By Geography
The global gardening equipment market size is expected to reach $114 billion by 2028.
Growing Popularity of Urban Gardening are driving the market in coming years, however, Rising Property Rates Around the World limited the growth of the market.
Robert Bosch GmbH, Honda Motor Co. Ltd., Deere & Company, The Toro Company, Fiskars Brands, Inc., Husqvarna Group, MTD Products, Inc., Falcon Garden Tools Pvt. Ltd., AriensCo, and Briggs & Stratton, LLC.
The expected CAGR of the gardening equipment market is 5.0% from 2022 to 2028.
The Water Equipment segment acquired maximum revenue share in the Global Gardening Equipment Market by Product in 2021, thereby, achieving a market value of $44.7 billion by 2028.
The North America market dominated the Global Gardening Equipment Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $36.9 billion by 2028.
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