Key players in the lawn and garden equipment industry include Robert Bosch GmbH, Husqvarna Group, Ariens Company, Briggs & Stratton Corporation, Deere & Company, Falcon Garden Tools, Fiskars Group, Honda Motor Co., Ltd., The Toro Company , STIGA SpA and Stihl. Holding AG & Co. KG., Kubota Corporation, Makita Corporation, etc.
Selbyville, Delaware, December 21, 2022 (GLOBE NEWSWIRE) —
The market size of lawn and garden equipment is estimated to reach US$97.5 billion by 2032, according to the report. Latest research report Announced by Global Market Insights Inc.
Technological advances and increasing customer preference for products with new features are driving the development of the industry. Users are looking for easy-to-operate, highly efficient products that can reduce operational and work fatigue. Significant R&D investments, along with increasing penetration of robotics and artificial intelligence (AI), complement the outlook for the lawn and garden equipment market. As agricultural operations move from labor-intensive to technology-intensive processes, leading manufacturers of these tools are increasingly focusing on advancing automated power tools and tractors.
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Consumer Preference for Green Solutions to Drive Demand for Manual Mowers
The manual products segment industry size is expected to grow at a CAGR of 7% during 2023-2032. Manually operated equipment ensures quiet and environmentally friendly operation. This is a key factor that attracts a large number of customers. As a result, manufacturers are devoting significant resources to expanding manual equipment. Similar efforts to enhance the functionality of manual lawn mowers will fuel market growth.
The need for lawn equipment to maintain playgrounds in modern infrastructure design
Mowers and other garden tools are widely used in the maintenance of playgrounds and sports arenas. The concentration of playgrounds in residential areas and commercial buildings has increased the need for lawn maintenance and gardening supplies. Modern infrastructure has replaced the construction of residential and commercial buildings. This represents a change in living standards and an increase in disposable income. Some buildings focus on aesthetic gardening to enhance their charm and provide a comfortable living experience.
Reduced run time and increased fuel capacity for passenger equipment
The industry valuation of passenger equipment is expected to exceed US$16 billion by 2032. Riding mowers are gaining momentum because of their convenience. They are motor propelled and require no additional manual labor. Riding mowers are typically designed for commercial applications involving large yards because they can cover more areas faster and more effectively compared to push mowers. Although the initial cost is relatively high, riding mowers are seen as having long-term benefits.
Extensive availability and enhancements to accelerate adoption of advanced tractors
Lawn and Gardening Market Traffic from tractors is projected to grow by 6% by 2032. Consumers are rapidly adopting tractors for both commercial and residential use. The availability of products with different functions and practical purposes complements the growth in this sector. For example, tractors designed for mowing grass have large fuel tanks that help them work for long periods of time, so these systems are well suited for mowing large spaces. Today’s tractors are designed to offer compatibility with many different types of attachments, such as snow blowers, plows, and bags for collecting grass clippings. The fast-changing and erratic weather conditions further necessitated the support of multi-purpose tractors.
Europe emerges as a manufacturer hotspot
The European lawn and garden market is expected to exceed US$14 billion by 2032. The region is likely to emerge as a major hub for lawn and garden products business with increased community engagement and initiatives to encourage development and investment in green spaces and landscaping. Several foreign companies have also set up operations in the region with the aim of exploring new business opportunities. For example, in July 2022, Kubota Corporation announced the acquisition of Italian manufacturer Bieffebi spa’s mower business, expanding the use of its products across parks, stadiums and landscaping activities.
Expansion Initiatives to Boost Industry Development
Robert Bosch GmbH, Husqvarna Group, Ariens Company, Deere & Company, Falcon Garden Tools, Fiskars Group, The Toro Company, STIGA SpA, Kubota Corporation, MTD Holdings Inc, Techtronic Industries Co. Ltd (TTI) are global lawn and gardening goods market. These participants are expanding their product portfolio with new advanced technologies. For example, in November 2022, John Deere announced plans to expand its line of specialty tractors for tight orchards and vineyards, including his new 5EN and 5ML series.
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Part of the table of contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 A 360° Overview of the Lawn and Garden Market, 2018-2032
2.1.1 Business trends
2.1.2 Power Trend
2.1.3 End-use trends
2.1.4 Operational trends
2.1.5 Product trends
2.1.6 Regional trends
Chapter 3 Lawn and Garden Equipment Industry Insights
3.1 Industry segmentation
3.2 Impact of COVID-19 on industry outlook, 2018-2032
3.3 Industry ecosystem analysis
3.4 Industry Best Practices and Key Buying Criteria
3.5 Overview of Battery and Gas Powered Equipment, 2022
3.6 Price analysis
3.7 Cost structure analysis
3.8 3.8 Regulatory landscape
3.9 3.9 Industry influence
3.9.1 Growth drivers
220.127.116.11 North America
18.104.22.168.1 High Presence of Golf Courses
22.214.171.124.1 Increasing technological progress
126.96.36.199 Asia Pacific
188.8.131.52.1 Increase in consumer spending and presence of industry players
184.108.40.206 Latin America
220.127.116.11.1 International trade agreements supporting the adoption of horticultural equipment
18.104.22.168.1 Growing Government Initiatives for Green and Sustainable Environment
3.9.2 Industry pitfalls and challenges
22.214.171.124 High noise, vibration and rising pollution levels
3.10 Growth Potential Analysis, 2022
3.11 Innovation and sustainability
3.12 Porter’s analysis
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