Gardening Tools Market Overview:
The global gardening tools market is expected to rise at a CAGR of 4.51%, with a value of USD 112.09 billion over the estimated the forecasting year of 2020-2027.
Gardening equipment refers to the tools used to keep gardens in good shape. Levers, toothed wheels, iron, and other materials compose these tools. Hand tools and power tools are the two sorts of gardening equipment accessible. Commercial and household customers mostly utilize these instruments for landscaping purposes. Paving, hand tools, fishtail weeders, snips, lawnmowers, trimmers, and other gardening equipment are among the most used. Users utilize this equipment for mowing and lawn upkeep in large numbers. The gardening equipment is available for manual, semi-automatic, and fully automatic operation. Technological improvements in gardening equipment result in developing new and more efficient tools that are less energy-intensive, more ergonomic, and save end-user time.
Rising construction activities globally, owing to various causes such as fast industrialization, population expansion, urbanization, and other factors, are likely to propel the gardening equipment market forward in the coming years. Furthermore, expanding housing activity is driven by a growing middle-class population and rising disposable income, particularly in the Asia Pacific. Certain conditions may encourage people to take up gardening as a pastime, increasing the demand for gardening equipment in these nations. Furthermore, technical improvements in the gardening equipment business have resulted in the commercial and domestic adoption of water management tools and lawnmowers. As a result, the gardening tools market size is expected to grow in the next years.
Due to the protracted lockdown in key worldwide countries, the coronavirus pandemic has caused the manufacture of different items in the gardening equipment business to halt. This has impeded the expansion of the gardening equipment market in recent months, and it is expected to continue in 2020. Coronavirus has already had a detrimental impact on equipment and machinery sales in the first quarter of 2020 and is expected to continue to do so throughout the year.
Key Players
Some of the leading participants identified by MRFR in this market are Stanley Black & Decker, Inc. (US), Fiskars Group (Finland), Husqvarna AB (Sweden), Griffon Corporation (US), Andreas Stihl AG & Co. KG (Germany), CobraHead LLC (US), Lasher Tools (South Africa), Zenport Industries (US), Bully Tools, Inc. (US), Corporacion Patricio Echeverria, S.A. (Spain), Ray Padula Holdings, LLC (US), Garden Tool Company (UK), American Lawn Mower Co (US), Root Assassin LLC (US), SNA Europe (Sweden).
Many international players dominate the market due to their extensive product range, high quality, aggressive pricing, and market reach. Many manufacturers have also introduced creative and technologically advanced gardening equipment to meet the needs of smart gardening. For starters, in February 2019, Husqvarna AB unveiled the new Auto mower 435X AWD, an AI-enabled, all-wheel-drive robotic mower with smart home connectivity. The fully autonomous robotic lawn mower is designed to handle rough terrain and slopes with an incline of up to 70% and works with Amazon Alexa and Google Home, and offers an open API for smart home integration. Increased availability of new products can lead consumers to invest in garden tools, thereby boosting the global market's growth for the gardening tools market size during the forecast period. In addition, foreign players are expected to extend their geographical reach by acquiring regional and local players.
Market Segmentation:
The global gardening tools market overview has been segmented into five sections: type, product, end-use, distribution channel, and regional basis. The type section has divided the market into two sections: power tools and hand tools. With the product section, the global market is further divided into six sections, like lawn mowers, blowers, vacuums, sweepers, pruning tools, striking and digging tools, and others. The end-use industry further divides the global market into two sections, like residential and commercial. According to the distribution channel, the gardening tools market has been divided into five sections: store-based, hypermarkets and supermarkets, convenience stores, and non-store based. On a regional basis, the market is further divided into five sections: Asia-Pacific, North America, South America, Europe, and the Middle East and Africa.
Regional Analysis:
Growing technological advances, extravagant landscaping, modern features, lush gardens, and smart irrigation are all on the rise in the region. gardening tools market is expected to impact the landscape and gardening service industries. People around the United States are planting for wildlife on purpose, making a difference in conservation where they live, and expanding the wildlife gardening movement. The millennial generation is more interested in landscaping and gardening as a hobby, which has increased the demand for mowing and landscaping services.
The availability of diverse and simple-to-use gardening tools has sparked a surge in public interest in taking up gardening as a hobby. The size of the gardening tools market will also grow due to new government measures to promote garden plots as an essential component of society. The major goal of this project was to give gardeners materials and equipment to help them expand or establish a school, community, or personal garden. Such new measures by developed-country governments might significantly influence the gardening equipment market's growth in the future years.
Industrial News:
Despite having a varied and growing product range, the gardening tools market share study reveals a highly fragmented market with competitors competing. The industry's participants are substantially spending on landscaping services to diversify their research divisions and expand the gardening tools market size.
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