IMARC Group has recently released a new research study titled “Gardening Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the gardening equipment market?
The global gardening equipment market size reached US$ 36.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 51.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Industry Overview:
Gardening equipment plays a pivotal role in facilitating daily farm tasks with ease, efficiency, and cost-effectiveness while simultaneously creating optimal conditions for the overall growth of plants. This equipment consists of a variety of tools, including a trowel, spade, rake, hand cultivator, tractor, lawnmower, harrow, secateurs, garden fork, sprinkler, pruning saw, spray pump, grass shear, and budding cum grafting knife. These gardening equipment simplify labor-intensive tasks by effectively eliminating weeds, clearing crop residues, and improving aeration. Consequently, they are extensively utilized across the globe.
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Gardening Equipment Market Growth Factors and Drivers:
The gardening equipment market is primarily driven by the emerging trend of home gardening on account of the rapid urbanization and the shifting consumer preference for home-grown organic fruits and vegetables. Besides this, the market is further propelled by the increasing demand for landscaping projects such as vertical gardens and the escalating usage of the product in golf courses, sports fields, and public parks across countries. Additionally, the elevating requirement for automated equipment that enables precise execution of daily tasks, owing to busy lifestyles and improved living standards, is also positively influencing the global market.
Apart from this, the integration of artificial intelligence (AI) technology with lawnmowers leading to reduced operational costs, and the rising popularity of balcony gardens in apartments caused by the growing number of nuclear families are acting as significant growth-inducing factors. Moreover, the inflating investments by major market players in research and development (R&D) activities to introduce innovative and intelligent product variants will fuel the gardening equipment market in the coming years.
Gardening Equipment Key Companies:
- Ariens Company
- Briggs & Stratton Corporation
- Deere & Company
- Falcon Garden Tools Pvt. Ltd.
- Fiskars Group
- Husqvarna AB
- KUBOTA Corporation
- MTD Products Inc
- Robert Bosch GmbH
- The Honda Motor Company Ltd.
- The Toro Company
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Hand Tools
- Lawnmowers
- Trimmers and Edgers
- Water Management Equipment
- Others
Breakup by End Use:
- Residential
- Commercial/Government
Geographical Analysis:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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