Electric Cordless Lawn & Garden Tools Market by Tools, Battery Type, End-use

Description

List of Tables

The Electric Cordless Lawn & Garden Tools Market was valued at USD 9.88 billion in 2023, expected to reach USD 10.78 billion in 2024, and is projected to grow at a CAGR of 8.53%, to USD 17.53 billion by 2030.

The scope of electric cordless lawn and garden tools encompasses a range of equipment powered by rechargeable batteries, designed to perform various gardening tasks such as mowing, trimming, pruning, and hedge cutting without the need for cords or gasoline. These tools are gaining traction due to their eco-friendly nature, reduced carbon emissions, quiet operation, and ease of use. The necessity of these tools arises from increasing environmental concerns and consumer preference for sustainable solutions. They are primarily used in residential gardening, landscaping, and municipal maintenance, providing the flexibility of movement without reliance on power cords. The application fields range across lawn mowers, trimmers, chainsaws, leaf blowers, and other gardening essentials. Market growth is fueled by technological advancements in battery life, power, and tool efficiency, along with the rising consumer trend towards DIY home improvement. Key growth drivers include increasing urbanization, a surge in gardening activities during the COVID-19 pandemic, and an expanding middle-class population with disposable income. Simultaneously, shifting consumer preferences for smart gardening tools with IoT integration present notable opportunities for innovation. However, the market faces challenges such as high initial procurement costs, battery maintenance issues, and the availability of alternative tools that draw from substantial power sources. Companies can capitalize on opportunities by fostering technological innovation, focusing on the development of lightweight, high-capacity, and fast-charging battery solutions. Additionally, integrating smart technology such as sensors and automation to simplify user operations can further capture consumer interest. Efforts in recycling and sustainable material usage are also pivotal. Research into improving battery efficiency and life cycles, especially under varying climate conditions, will likely provide a competitive edge. Overall, while the market is rapidly evolving and offers diverse growth avenues, overcoming current limitations through research, innovation, and strategic collaborations is crucial for sustained expansion.

KEY MARKET STATISTICS
Base Year [2023]	USD 9.88 billion
Estimated Year [2024]	USD 10.78 billion
Forecast Year [2030]	USD 17.53 billion
CAGR (%)	8.53%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Electric Cordless Lawn & Garden Tools Market

The Electric Cordless Lawn & Garden Tools Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing consumer spendings for gardening decorations
- Low maintenance cost and quieter operations of electric cordless tools
- Increasing construction activities coupled with rebuilding of garden areas
Market Restraints
- High cost associated with electric cordless tools
Market Opportunities
- Technological advancements in product portfolios for providing maximum endurance
- Proliferation in need for aesthetic appearance to commercial and residential sectors
Market Challenges
- Concerns regarding failure of electrical components and high-dependency on batteries

Porter's Five Forces: A Strategic Tool for Navigating the Electric Cordless Lawn & Garden Tools Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Electric Cordless Lawn & Garden Tools Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Electric Cordless Lawn & Garden Tools Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Electric Cordless Lawn & Garden Tools Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Electric Cordless Lawn & Garden Tools Market

A detailed market share analysis in the Electric Cordless Lawn & Garden Tools Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Electric Cordless Lawn & Garden Tools Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Electric Cordless Lawn & Garden Tools Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Electric Cordless Lawn & Garden Tools Market

A strategic analysis of the Electric Cordless Lawn & Garden Tools Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Electric Cordless Lawn & Garden Tools Market, highlighting leading vendors and their innovative profiles. These include American Honda Motor Co., Inc., ANDREAS STIHL AG & Co. KG by Stihl Holding AG & Co. KG, Deere & Company, ECHO Incorporated, Emak S.p.A., Greenworks Tools, Husqvarna AB, Makita Corporation, Oregon Tool, Inc., Robert Bosch GmbH, Snow Joe, LLC, Stanley Black & Decker, Inc., STIGA S.p.A., Techtronic Industries Co. Ltd., and The Toro Company.

Market Segmentation & Coverage

This research report categorizes the Electric Cordless Lawn & Garden Tools Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Tools, market is studied across Chainsaws, Leaf blower, Trimmers & Edger, and Turf Equipment & Mowers.
Based on Battery Type, market is studied across Lead-acid and Lithium-ion.
Based on End-use, market is studied across Commercial and Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-02026C4C8E9D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing consumer spendings for gardening decorations
  - 5.1.1.2. Low maintenance cost and quieter operations of electric cordless tools
  - 5.1.1.3. Increasing construction activities coupled with rebuilding of garden areas
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with electric cordless tools
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in product portfolios for providing maximum endurance
  - 5.1.3.2. Proliferation in need for aesthetic appearance to commercial and residential sectors
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding failure of electrical components and high-dependency on batteries
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Electric Cordless Lawn & Garden Tools Market, by Tools

6.1. Introduction
6.2. Chainsaws
6.3. Leaf blower
6.4. Trimmers & Edger
6.5. Turf Equipment & Mowers

7. Electric Cordless Lawn & Garden Tools Market, by Battery Type

7.1. Introduction
7.2. Lead-acid
7.3. Lithium-ion

8. Electric Cordless Lawn & Garden Tools Market, by End-use

8.1. Introduction
8.2. Commercial
8.3. Residential

9. Americas Electric Cordless Lawn & Garden Tools Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Electric Cordless Lawn & Garden Tools Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Electric Cordless Lawn & Garden Tools Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. American Honda Motor Co., Inc.
2. ANDREAS STIHL AG & Co. KG by Stihl Holding AG & Co. KG
3. Deere & Company
4. ECHO Incorporated
5. Emak S.p.A.
6. Greenworks Tools
7. Husqvarna AB
8. Makita Corporation
9. Oregon Tool, Inc.
10. Robert Bosch GmbH
11. Snow Joe, LLC
12. Stanley Black & Decker, Inc.
13. STIGA S.p.A.
14. Techtronic Industries Co. Ltd.
15. The Toro Company