PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378490
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378490
The Lawn & Garden Equipment Market size is expected to reach US$ 42.32 billion by 2030, from US$ 29.48 billion in 2023, at a CAGR of 5.3% during the forecast period.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 29.48 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.30% | 2030 Value Projection: | US$ 42.32 Bn |
The lawn and garden equipment market has witnessed significant growth in recent years, driven by increasing consumer interest in gardening and landscaping activities. With more people embracing gardening as a hobby and the need for efficient equipment to maintain lawns and gardens, the market for lawn and garden equipment is expected to continue its upward trajectory.
Lawn and garden equipment encompasses a wide range of products, including lawn mowers, trimmers, leaf blowers, chainsaws, and garden hand tools. These tools and equipment are designed to enhance the efficiency and effectiveness of gardening tasks, making it easier for homeowners and professional gardeners alike to maintain and beautify their outdoor spaces.
Market Dynamics: Lawn & Garden Equipment
The lawn and garden equipment market is primarily driven by the increasing trend of urban gardening and landscaping. As more people move to urban areas and live in smaller spaces, the need for efficient and compact gardening tools has grown. Additionally, the rising disposable incomes and changing lifestyles have encouraged consumers to invest in lawn and garden equipment to maintain their outdoor spaces.
However, the market is not without its challenges. The high cost associated with advanced and technologically advanced equipment can act as a restraint for some consumers. Moreover, the environmental concerns associated with the use of gas-powered equipment have led to a growing demand for eco-friendly alternatives, such as electric or battery-powered tools.
Despite these challenges, the market presents numerous opportunities for growth. The increasing focus on sustainable and organic gardening practices has created a demand for innovative equipment that supports these practices. Additionally, the expansion of e-commerce platforms has made it easier for consumers to access a variety of lawn and garden equipment, further fueling the market growth.
Key Features of the Study: Lawn & Garden Equipment
Lawn & Garden Equipment Market Segmentation: