Expert Market Research’s new report titled Global Gardening Equipment Market Report and Forecast 2022-2027 provides an in-depth analysis of the global Gardening Equipment market and evaluates the market based on its segments such as products, end-uses and major regions. The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2020): USD 84.3 billion
• Forecast CAGR (2022-2027): 3.95%
The global gardening equipment market is being driven by the thriving residential segment due to the growing urban population and growth in disposable and discretionary income of the middle class around the world. The increasing demand for garden tools can be attributed to the growing popularity of outdoor activities, which has triggered the need for garden maintenance for garden parties and backyard cooking. The aging populations of first world countries like the United States and Germany are spending more time gardening due to its numerous health, therapeutic, and social benefits. This in turn fuels the demand for garden tools and thus strengthens the market growth. Housing projects have also expanded as a result of the development of nuclear family culture, which has led to tiny gardening in flat systems, which has led to increased sales of hand tools such as shears and scissors, thereby contributing to the market. In addition, the COVID-19 crisis has increased the popularity of gardening due to the shift to online work and training, leading to more free time and economic insecurity, leading to the cessation of gardening and lawn mowing services. These are some of the factors supporting the growth of the market.
Industry definition and main segments
Gardening tools are any tools or devices designed to perform various activities that help in carrying out daily gardening tasks efficiently, conveniently, timely and inexpensively.
They intersect with myriad agricultural and horticultural tools and have transformed gardening around the world.
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The market can be segmented on the basis of products into:
• Hand tools
• Lawn mower
• Trimmers and edgers
• Water management equipment
On the basis of end use, the market can be categorized into:
Regional Garden Equipment Markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The growing demand for organic farming around the world is driving the demand for gardening tools worldwide. Growing environmental awareness and the need for organic products are driving market expansion. The increased public awareness of the dangers of pesticides and the ongoing desire for sustainable agriculture have fueled the market growth of gardening tools. Meanwhile, the adoption of organic farming is expected to contribute significantly to the growth of the industry throughout the forecast period.
Important market participants
The major players in the market include Ariens Company, Briggs & Stratton, Deere & Company, Honda Power Equipment, Husqvarna Group, Falcon Garden Tool, among others. The report covers the market shares, capacities, asset turnover, expansions, investments and mergers and acquisitions among other latest developments of these market players.
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