by The Lawn & Garden Equipment Market Is Estimated To Be Valued At US$ 29.48 Bn Or Mn In 2023 And Is Expected To Exhibit A CAGR Of 5.3% Over The Forecast Period 2023 To 2030, As Highlighted In A New Report Published By Coherent Market Insights.
Market Overview:
The Lawn & Garden Equipment Market Consists Of Equipment Used For Lawn Care And Maintenance Purposes. This Includes Lawn Mowers, Trimmers & Edgers, Leaf Blowers, Garden Tractors, And Other Mechanized Equipment Used For Landscaping Activities. Major Products In This Market Include Lawn Mowers, Garden Tractors, Trimmers & Edgers, Chain Saws, And Leaf Blowers. Lawn Mowers Are One Of The Most Common Equipment, And Are Typically Powered By Gasoline, Electric Motors, Or Battery Packs. Garden Tractors Or Ride-On Mowers Are Self-Propelled Lawn Mowers Equipped With Extra Features For Enhanced Maneuverability And Comfort.
Market Dynamics:
The Growing Adoption Of Robotic And Autonomous Lawn Equipment Is A Major Driver In This Market. Technological Advancements Have Enabled The Development Of Robotic Lawn Mowers, Which Can Map And Mow Lawns Automatically Without Continuous Human Supervision. These Robotic Tools Provide Convenience To Users By Performing Repetitive Mowing Tasks. Moreover, Increasing Affordability Of Robotic Lawn Equipment Is Supporting Their Widespread Adoption Among Homeowners.
Another Important Driver Is The Growing Urban Landscaping And Lawn Care Industry. Increasing Construction Of New Residential And Commercial Projects In Urban Areas Worldwide Is Propelling The Demand For Professional Landscaping And Lawn Care Services. This Is Positively Impacting The Sales Of Commercial-Grade Lawn And Garden Equipment. Moreover, Rising Household Disposable Incomes In Developing Nations Is Increasing The Affordability Of Garden Machinery Among Homeowners, Which Is Fueling The Market Growth.
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Segment Analysis
The Lawn And Garden Equipment Market Is Dominated By The Lawn Mowers Sub-Segment. Lawn Mowers Accounted For Over 30% Share Of The Overall Market In 2022. Rising Demand For Landscaping Services From The Residential Sector Coupled With Growing Infrastructure Development In The Commercial Sector Has Been Driving The Demand For Lawn Mowers. Walk-Behind Lawn Mowers Remain The Most Popular Product Type Owing To Their Affordable Price Points And Easy Maneuvering Capabilities, Especially Suitable For Smaller Residential Lawns And Gardens.
PEST Analysis
Political: Stringent Emission Norms In Countries Like The US And Europe Regarding Noise And Emission Levels From Gas-Powered Equipment Is Promoting The Adoption Of Electric Lawn Equipment. Various Government Initiatives To Promote Urban Greenery Is Also Boosting Market Growth.
Economic: Strong Growth Of The Housing Sector Along With Rising Disposable Incomes Is Encouraging Homeowners To Invest More On Lawn And Garden Maintenance Equipment. The Commercial Sector Spending On Landscaping Services Is Also Increasing With Expansion Of Real Estate And Construction Industries.
Social: Changing Consumer Lifestyles And Increased Importance Given To Outdoor Living Spaces Is Fueling The Demand For High-Quality Landscaping. Younger Demographic Prefer Do-It-Yourself Lawn Care Solutions For Convenience.
Technological: Key Players Are Focusing On Developing Smart And Autonomous Lawn Equipment Equipped With Iot And AI. Battery-Powered Electric Variants Are Also Gaining Popularity Due To Lower Noise And Carbon Footprint.
Key Takeaways
The Global Lawn & Garden Equipment Market Share Is Expected To Witness High Growth, Exhibiting CAGR Of 5.3% Over The Forecast Period Of 2023 To 2030, Due To Increasing Construction Activities And Rising Spending On Landscaping Services. The Market Size For 2023 Is Estimated To Be US$ 29.48 Bn.
Regional Analysis: North America Dominated The Global Market In 2022, Accounting For Over 35% Share. However, Asia Pacific Is Expected To Witness Fastest Growth Through 2030 With Countries Like India, China, And Japan Emerging As Highly Lucrative Markets. Rising Affluence In Middle-Class Population And Expanding Housing Projects In Developing Countries Is Stimulating Demand.
Key Players Operating In The Lawn & Garden Equipment Market Include The Toro Company, Kubota Corporation, Honda Motor Co., Husqvarna AB, Briggs & Stratton, Deere & Company, MTD Products, Ariensco, Stihl, Emak S.P.A., AL-KO, Makita Corporation, Robert Bosch, Stanley Black & Decker, Techtronic Industries, Yamabiko Corporation, American Honda Motor Co., Generac Power Systems, Lawn-Boy Inc., AL-KO Gardentech. Key Players Are Focused On New Product Development And Expanding Into Regional Markets Through Strategic Partnerships And Distribution Networks.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
