Lawn And Garden Equipment Market 2020 | Industry Growth, By Forecast To 2026
Selbyville, Delaware, United States, October 24 2020 (Wiredrelease) Global Market Insights, Inc –:As per Global Market Insights, Inc., estimates, the global lawn and garden equipment market is likely to exceed a valuation of $45 billion by 2025.
An upsurge in residential and commercial construction projects across developing nations is likely to drive the global lawn and garden equipment market size through the forthcoming time period. Several economies are currently undergoing considerable lifestyle changes and witnessing a rise in disposable income levels, which is a major factor augmenting market size. Lawn and garden equipment are also widely used across public properties such as sports fields and parks, offering the market immense growth opportunities. The industry would also witness significant growth owing to increasing product adoption across developed economies.
In addition, with the widespread availability of advanced battery technology, the industry is witnessing a tremendous shift towards equipment that run on cleaner fuel sources. The extensive benefits offered by electric lawn tools including cost-efficiency, less noise, eco-friendliness, and easy operation are further promoting this widescale consumer shift, providing a positive growth trajectory to the market.
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Below is a brief overview of the top trends influencing the global lawn and garden equipment market growth:
Growing popularity of golf across the globe
The golf courses are slated to become significant growth facilitators for the industry due to the in increasing popularity of golf across the world. As the game is becoming more popular, more and more golf courses are being constructed world over. The segment accounted for about one-fourth of the overall revenues in 2018 and is expected to foresee considerable growth owing to its growing popularity.
Currently, there are over 38,500 golf courses globally, as per data published by the National Golf Foundation. In addition, many nations are building new golf facilities in a move to increase participation and bring in more revenues. Citing an instance, in 2018, Turkmenistan established Ashgabat Golf Club to mark its entry into golfing countries. With golf courses requiring frequent and heavy maintenance, this trend is set in bring in tremendous growth to the industry.
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Increasing urbanization in the Asia Pacific
Geographically, APAC lawn and garden equipment market is anticipated to observe substantial growth due to increasing housing activity and improving economic outlook that is resulting in urbanization. Furthermore, the region is currently witnessing a trend where more number of playgrounds and golf courses are being built, which is likely to create ample product demand.
Additionally, APAC is set to play host for various upcoming sporting events, including the 2020 Olympics, which would be held in Japan, and the 2022 Winter Olympic Games, that would be held in China. These upcoming events have further augmented the demand for the equipment as the respective governments look to aesthetically improve the hosting stadiums for the intended guests and spectators. Based on these factors, the APAC lawn and garden equipment market is anticipated to expand at a CAGR of more than 8% over the forthcoming timeframe.
Heavy product adoption in the sprinklers and hoses segment
The sprinklers and hoses segment is anticipated to outline a favorable growth graph for the industry due to their increasing installations in different facilities to facilitate efficient and effective water distribution across the area. Owners of various facilities are actively installing these equipment and tools to reduce the use of water for outdoor purposes.
As per the U.S. EPA, approximately 30% of day-to-day water consumption across U.S. is specifically devoted for use in outdoor settings. With several regions across the country experiencing severe droughts, the call for water conservation in increasingly picking up steam. This development, when coupled with the integration of newly introduced technologies such as WaterSense inside spray sprinklers, are likely to foster product adoption further.
Today, major industry players are increasingly turning to new growth strategies including acquisitions, investments, collaborations, and new product launches to gain a competitive edge over others in the market. Citing an instance, in October 2019, Honda unveiled its new series of cordless gardening products, which included a small robotic mower as well as a cordless lawn mower.
Table of contents for this research [email protected] https://www.gminsights.com/toc/detail/lawn-and-garden-equipment-market
Chapter 1 Methodology & Scope
1.1 Research methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definitions & forecast parameters
1.1.5 Research methodology, assumptions & forecast parameters
1.2.1 Paid sources
1.2.2 Secondary sources
1.2.3 Paid sources
Chapter 2 Executive Summary
2.1 Lawn & garden equipment market 3600 synopsis, 2013 – 2025
2.1.1 Business trends
2.1.2 Power trends
2.1.3 End use trends
2.1.4 Operation trends
2.1.5 Product trends
2.1.6 Regional trends
Chapter 3 Lawn & Garden Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2025
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Industry best practices & key buying criteria
3.4.1 Need recognition
3.4.2 Information search
3.4.3 Evaluation of alternatives
3.4.4 Purchase decision
3.4.5 Post-purchase behaviour
3.5 Pricing analysis
3.5.1 Regional pricing
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
3.5.2 Cost structure analysis
18.104.22.168 R&D cost
22.214.171.124 Manufacturing & equipment cost
126.96.36.199 Raw material cost
188.8.131.52 Distribution cost
184.108.40.206 Operating cost
220.127.116.11 Miscellaneous cost
3.6 Regulatory landscape
3.6.1 United States Environmental Protection Agency (EPA)
3.6.2 European Commission
3.7 Industry impact forces
3.7.1 Growth drivers
18.104.22.168 North America
22.214.171.124.1 High presence of golf courses
126.96.36.199.1 Rising technological advancement
188.8.131.52 Asia Pacific
184.108.40.206.1 Increasing consumer spending and presence of industry players
220.127.116.11 Latin America
18.104.22.168.1 International trade agreements supporting adoption of garden equipment
22.214.171.124.1 Rising government initiatives for green and sustainable environment
3.7.2 Industry pitfalls & challenges
126.96.36.199 High noise, vibration and increased pollution levels
3.8 Growth potential analysis, 2018
3.9 Raw material trends
3.10 Innovation & sustainability
3.10.1 Automated lawnmower
3.11 Porter’s analysis
3.12 Competitive landscape, 2018
3.12.1 Company market share analysis, 2018
3.12.2 Strategy dashboard
3.13 PESTLE analysis
The competitive landscape of the global lawn and garden equipment market is inclusive of players such as Kubota, Robert Bosch, Stilh, Husqvarna Group, Deer & Company, TTI, and MTD Holdings among others.
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