December 16, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Lawn & Garden Equipment Market Size By Power (Manual, Electric-Powered, Gas-Powered), By End Use (Residential, Golf Courses, Playgrounds), By Operation (Walk behind, Rider), By Product (Blowers, Chain Saws, Cutters & Shredders, Tractors, Lawn Mowers, Sprinkler & Hoses) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, the global lawn & garden equipment market is estimated to cross USD 45 billion by the year 2025.
Rising consumer adoption rates of green roof technologies coupled with increasing construction activities are major factors driving the lawn & garden equipment industry growth. Rising aesthetic awareness among consumers and advancement in technologies pertaining to plant cutting operations are also contributing towards the market expansion. Escalating disposable income in tandem with surging globalization is augmenting the demand for lawn & garden equipment across the globe.
Moreover, evolving consumer lifestyle along with growing construction sector are aiding the expansion of the lawn & garden equipment market. Rising adoption rates of lawn & garden equipment in consort with favorable federal reforms which encourage sustainable and green environment are further fueling the market growth.
On the basis of power, the electric powered lawn & garden equipment market will grow with a CAGR of 8% during the period of 2019-2025 since these products offer higher efficiency as compared to their counterparts. Adding to this, major players in the industry are developing advanced battery efficient equipment in order to meet the consumer demand.
In terms of end-use spectrum, the golf course segment held one-fourth of the lawn & garden equipment market share in 2018. This is majorly due to high presence of golf courses across the globe.
As per operations, the rider segment is expected to grow substantially in the lawn & garden equipment industry. Rider equipment minimizes driver fatigue significantly and enhances productivity. Thus, rising consumer adoption of rider-based lawn & garden equipment is fueling the growth of the segment.
Based on product type, sprinklers & hoses hold the largest share in the lawn & garden equipment industry owing to their properties of efficient water distribution.
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Considering the geographical landscape, Asia-Pacific lawn & garden equipment market will grow with a CAGR of 8% during the period of 2019-2025. Improving economic conditions have paved the way for rising urbanization which in turn is augmenting the demand for lawn & garden equipment across the region.
The prominent companies operating in the lawn & garden equipment industry are MTD Holdings, TTI, Deer & Company, Stilh, Husqvarna Group, Honda, Robert Bosch GmBH and Kubota.
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