Global Gardening Equipment Market by Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis

According to a recently published report, the global gardening equipment market is expected to grow at a steady pace over the forecast period. The global gardening equipment market is expected to register a moderate CAGR of 4.2% throughout 2022.

Retail Stores to Represent a Leading Segment

Growing demand for lawn manicure in the commercial industry is likely to fuel demand for lawnmower. The lawnmower segment is expected to represent the highest revenue growth, accounting for over US$ 7,000 Mn by the end of 2022. By product type, the paving weeder segment is expected to expected register the highest CAGR in the global gardening equipment market through 2022.

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With the increasing demand for lawn mowing and landscaping in the commercial industry, demand for the gardening equipment is expected to remain steady. The commercial segment on the basis of end user is expected to represent over US$ 18,000 Mn by the end of 2017. This segment is expected to register the highest CAGR in the global gardening equipment market through 2022. Sales of gardening equipment is expected to generate significant revenues through retail stores. On the basis of distribution channel, the retail store segment is expected to witness over US$ 14,000 Mn by the end of 2022. The online sales segment as compared to other distribution channels is expected to represent the second highest revenue growth in the global gardening equipment market by the end of 2022.

Factors Fuelling Growth of the Global Market

Increasing demand for maintaining well-trimmed lawns in the commercial industry is projected to fuel growth of the global market of gardening equipment. Further, growing need to remove weeds and debris from the garden, lawns, and parks daily is projected to boost demand for gardening equipment globally. However, various end users operating in the commercial sector face significant challenges due to daily need for maintaining lawns, gardens, and parks. As daily maintenance of lawns and gardens gets difficult, the end users mainly prefer opting for artificial grass turfs and plants. Moreover, the end users are increasingly using mulches and rocks for decoration along with the pot plants indoors. Attributed to these factors, the gardening equipment is projected to witness a decline in the commercial industry.

In addition to the commercial industry, maintenance of sports field has led to an increase in demand for gardening tools in the sports sector. As daily maintenance of sports field and short length of grass continue to pose major challenges, the end users in the sports sector are turning to artificial grass turfs. Such factors are likely to hinder demand for gardening tools in the sports sector.

Declining Consumption in the Commercial Industry

As need for cleaning debris and maintaining the lawn is increasing in the commercial industries, demand for gardening tools is expected to decline. Maintaining a lawn is slipping out of trends featuring in today attributed to increasing availability of artificial plants. Increasing need to maintain the freshness of the plants and grass, manicured lawn free of debris tags the end users with additional cost. Moreover, daily maintenance is a difficult task for the end users in the commercial industry. Attributes to these challenges of landscaping and maintaining a lawn, end users prefer using artificial plants and grass turfs indoors. The artificial plants, creepers, and grass turfs further add to the ambience of organisation. The end users in the commercial industry also use rocks and mulches as it adds to the décor along with the plant pots indoor. Such factors are expected to fuel demand for gardening equipment in the commercial industry.

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Table of Contents:

1. Global Gardening Equipment Market – Executive Summary

2. Global Gardening Equipment Market Overview

3. Global Gardening Equipment Market Analysis and Forecast By Product Type

4. Global Gardening Equipment Market Analysis and Forecast By End Use
4.1. Global Gardening Equipment Market Size and Forecast By End Use, 2012-2022
4.1.1. Residential Gardening Equipment Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Commercial Gardening Equipment Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region

5. Global Gardening Equipment Market Analysis and Forecast By Distribution Channel
5.1. Global Gardening Equipment Market Size and Forecast By Distribution Channel, 2012-2022
5.1.1. Online Sales Gardening Equipment Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Region
5.1.1.2. Market Share Comparison, By Region
5.1.1.3. Y-o-Y growth Comparison, By Region
5.1.2. Retail Sales Gardening Equipment Market Size and Forecast, 2012-2022
5.1.2.1. Revenue (US$ Mn) Comparison, By Region
5.1.2.2. Market Share Comparison, By Region
5.1.2.3. Y-o-Y growth Comparison, By Region

Continued……..

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This release was published on openPR.