PUBLISHER: The Business Research Company | PRODUCT CODE: 1455517
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455517
Power lawn and garden equipment constitute a diverse category of tools and machinery specifically engineered to assist in the upkeep, care, and enhancement of outdoor spaces, including lawns, gardens, and landscapes. These tools are purposefully designed to facilitate the maintenance and improvement of lawns and gardens.
The primary types of power lawn and garden equipment include lawnmowers, turf and grounds equipment, trimmers, and edgers. Lawnmowers are machinery specifically crafted for cutting grass to an even length, commonly used for the maintenance of lawns and other outdoor spaces. The distribution of lawnmowers likely involves both direct and indirect channels, and these machines find applications in various settings such as households, commercial establishments, and public spaces.
The power lawn and garden equipment market research report is one of a series of new reports from The Business Research Company that provides power Lawn and garden equipment market statistics, including power lawn and garden equipment industry global market size, regional shares, competitors with power lawn and garden equipment market share, detailed power lawn and garden equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the power lawn and garden equipment industry. This power lawn and garden equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The power lawn and garden equipment market size has grown strongly in recent years. It will grow from $78.82 billion in 2023 to $84.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historical period can be attributed to factors such as the increasing awareness of outdoor living, rapid urbanization, a rise in the demand for landscape services, an increased need for automated tools, and the effects of population growth and housing density.
The power lawn and garden equipment market size is expected to see strong growth in the next few years. It will grow to $108.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be attributed to the expansion of e-commerce, the increasing prevalence of do-it-yourself (DIY) culture, the influence of weather and seasonal patterns, shifts in consumer lifestyles, and a rise in outdoor recreation activities. Major trends expected in the forecast period include an increased adoption of battery-powered equipment, integration of smart technology, the emergence of urban gardening solutions, a focus on enhanced ergonomics and user-friendly designs, and technological innovations in robotic lawn care.
The growth of the power lawn and garden equipment market is expected to be propelled by the increasing trend of home ownership. Homeownership, denoting the state of owning one's residence or dwelling, fosters the demand for power lawn and garden equipment, which plays a vital role in the maintenance and beautification of residential properties. This equipment enables homeowners to create and sustain aesthetically pleasing and well-maintained outdoor spaces. According to the Office for National Statistics in March 2023, the UK witnessed a projected increase in households to 28.3 million, reflecting a 0.7% rise from 28.1 million in 2022. Additionally, the number of families in the UK increased to 19.4 million in 2022. This surge in home ownership is a key driver fueling the growth of the power lawn and garden equipment market.
Prominent players in the power lawn and garden equipment market are actively pursuing innovation by developing cutting-edge products, including robotic mowers that enhance efficiency, precision, and environmental friendliness while reducing the effort required. Robotic mowers, characterized by their automation and self-propelled functionality, are designed to cut grass on lawns and similar green spaces. For example, in October 2022, The Toro Company, a US-based outdoor environment equipment manufacturer, introduced the Toro RTX 2000. Equipped with multiple cameras for mapping surroundings and creating a virtual map of the yard, the Toro RTX 2000 stands out as a top-of-the-line robotic mower. It features a self-charging docking station, a security system, and a smartphone app for enhanced user experience. The lithium-ion battery powering the mower provides up to two hours of mowing time on a single charge.
In December 2021, Husqvarna Motorcycles GmbH, a US-based manufacturer of motocross, enduro, supermoto, and street motorcycles, acquired Orbit Irrigation for $480 million. This strategic acquisition is poised to diversify Husqvarna's revenue streams across various customer channels and end-markets in the power lawn and garden equipment sector. Orbit Irrigation, a US-based manufacturer specializing in garden equipment for both residential and commercial use, brings valuable capabilities and product offerings to complement Husqvarna's position in the market.
Major companies operating in the power lawn and garden equipment market report are Honda Motor Co. Ltd., Hitachi Ltd, Deere and Company, Craftsman Automation, Andreas Stihl AG, Black+Decker,Inc, Textron Inc, McLane, Makita Corporation, Kohler Co., The Toro Company, TTI Inc., MTD Products Inc, Briggs & Stratton Corporation, Husqvarna AB, Blount International Inc, Worx, STIHL USA, EMAK, Ariens Company, Echo Inc, Brinly-Hardy, American Lawn Mower Co., MAT Engine Technologies LLC, Snow Joe LLc, Sun Joe, Talon, ZHONGJIAN
North America was the largest region in the power lawn and garden equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power lawn and garden equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the power lawn and garden equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The power lawn and garden equipment market consists of sales of blowers, pressure washers, chainsaws, and rototillers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Power Lawn and Garden Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on power lawn and garden equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for power lawn and garden equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The power lawn and garden equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.