Press release
The Global Gardening Equipment Market Is Projected Of Worth US$ 97 Bn By 2031
According to Fact.MR the global Gardening Equipment Market is currently valued at US$ 97 billion and is expected to grow at a CAGR of 6% between 2021 and 2031. According to MR's research analysis on gardening equipment, top suppliers include The Ames Companies Inc., Estwing Manufacturing Company Inc., Alamo Group Inc., Briggs and Stratton Corp., The Toro Co., Kubota Corp., and Robert Bosch GMBH, accounting for nearly 50% of global revenue in 2020.Read Report Overview: https://www.factmr.com/report/261/gardening-equipment-market
Key Takeaways from Market Study
The gardening equipment market expanded at 5% CAGR over the past 5 years, and is anticipated to add significant value by 2031.
Based on product, lawn mowers are expected to capture major market share.
Among the end uses, the residential sector has been the fastest-growing segment, owing to increasing gardening activities over the past decade.
North America is set to be the largest market in terms of revenue in 2021, while continuing on the same path right through 2031 to hold ¼ of global market share.
The market in Western Europe is expected to rise at a high single-digit CAGR through 2031.
The U.S., Germany, and France are expected to be lucrative markets for manufacturers of gardening equipment.
Growth remained significant during the COVID-19 crisis attributed to rise in gardening activities across regions. Short-, medium-, and long-term demand is set to grow at a steady pace.
"Product innovation while keeping changing consumer preferences in mind will aid market growth over the coming years," says a Fact.MR analyst.
Download Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=261
Competitive Landscape as per Gardening Equipment Industry Survey
Key market players have mainly relied on a mix of organic and inorganic growth strategies such as product launches, collaboration, acquisitions, and capacity expansion.
Some of the key developments are:-
In September 2020, KPS Capital Partners, LP announced the acquisition of all the assets of Briggs & Stratton and some of its wholly-owned subsidiaries. The acquisition is intended to increase significant investments in R&D, technology, and new product development. KPS has also announced to provide resources for Briggs & Stratton to pursue strategic acquisitions.
Bosch's new Indego robotic lawn mower comes with built-in technology to map and mow a lawn or garden area intelligently. This product comes with a varied product line up, suitable for both, residential and commercial areas.
Similarly, recent developments related to companies manufacturing gardening equipment have been tracked by the team at Fact.MR, which are available in the full report.
Ask an Analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=261
Key Market Segments Covered
By Product
Hand Tools
Cape Cod Weeders
Paving Weeders
Fishtail Weeders
Shears and Snips
Lawnmowers and Trimmers
Edger
By End Use
Residential Gardening Equipment
Commercial Gardening Equipment
By Distribution Channel
Online Sales of Gardening Equipment
Retail Sales of Gardening Equipment
Distributor Sales of Gardening Equipment
Get Free Access of Complete Report : https://www.factmr.com/checkout/261
What insights does the Gardening Equipment Market report provide to the readers?
Gardening Equipment Market fragmentation on the basis of product type, end use, and region.
Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
Collaborations, R&D projects, acquisitions, and product launches of each Gardening Equipment Market
Various regulations imposed by the governments on the consumption of Gardening Equipment Market in detail.
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