The Booming Power Lawn and Garden Equipment Market: Trends and Projections for 2031

The global power lawn and garden equipment market is undergoing a significant transformation, driven by factors such as rapid urbanization, technological advancements, and a surge in demand for landscaping. With a valued of US$ 78.5 billion in 2022, this market is projected to experience a robust Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2031, reaching a remarkable value of US$ 135.4 billion by the end of 2031.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 (𝗨𝘀𝗲 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗠𝗮𝗶𝗹 𝗜𝗱 𝗳𝗼𝗿 𝗤𝘂𝗶𝗰𝗸 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=547&utm_source=OpenPR_Mayur&utm_medium=OpenPR

𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗙𝗼𝗿𝗰𝗲𝘀

The growth of the power lawn and garden equipment market is propelled by several key drivers:

Rapid Urbanization: The shift towards urban living has increased the demand for well-maintained outdoor spaces, driving the need for efficient lawn and garden equipment.

Technological Advancements: Innovative garden tools, including battery-powered and electric options, have revolutionized the industry, making gardening tasks more convenient and less labor-intensive.

Landscaping Trend: The increasing emphasis on landscaping, both for commercial and residential properties, has led to higher demand for equipment that aids in creating aesthetically pleasing outdoor spaces.

Outdoor Recreation: The popularity of outdoor recreational activities has created a demand for well-maintained lawns and gardens, fostering the adoption of advanced equipment.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

The power lawn and garden equipment market can be segmented based on equipment type, application, price, distribution channel, and power source. Equipment types include mowers (riding and non-riding), trimmers and edgers, hedge trimmers, snow throwers/blowers, rotary tillers, and more. These tools cater to both residential and commercial applications and are available in various price ranges.

𝗕𝘂𝘆 𝘁𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 | 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗮𝘁 - https://www.transparencymarketresearch.com/checkout.php?rep_id=547<ype=S&utm_source=OpenPR_Mayur&utm_medium=OpenPR

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

The Asia Pacific region is expected to dominate the power lawn and garden equipment market, fueled by the growing emphasis on landscaping, urbanization, and the presence of key manufacturers in countries like China and India. In North America, factors such as increased disposable income, government initiatives promoting smart gardening, and advancements in garden equipment are driving market growth.

𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀

Technological innovations have reshaped the power lawn and garden equipment landscape. The emergence of battery-operated and electric mowers, along with robotic lawn mowers, has made gardening activities more efficient. These tools are designed to be user-friendly, noiseless, and even compatible with smartphones, offering greater convenience to users.

𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀

The market is highly competitive, with major players like ANDREAS STIHL AG & Co. KG, Deere & Company, and BLACK+DECKER, Inc. leading the industry. To maintain their competitive edge, companies are focusing on mergers, acquisitions, and introducing innovative products. For instance, Stanley BLACK+DECKER, Inc.'s CRAFTSMAN brand launched a range of electric outdoor products, including battery-powered mowers and string trimmers, while Husqvarna AB introduced a new line of battery-powered products.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=547&utm_source=OpenPR_Mayur&utm_medium=OpenPR

𝗠𝗼𝗿𝗲 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗯𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 -

𝗖𝗮𝗿𝗽𝗲𝘁𝘀 & 𝗥𝘂𝗴𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 - https://www.globenewswire.com/news-release/2023/02/02/2600593/0/en/Carpets-Rugs-Market-to-Grow-at-a-CAGR-of-5-during-Forecast-Period-Transparency-Market-Research-Inc.html

𝗟𝗶𝗽 𝗢𝗶𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 - https://www.globenewswire.com/news-release/2023/02/07/2603541/0/en/Lip-Oil-Market-is-Expected-to-Grow-at-a-CAGR-of-4-5-Reaching-a-Valuation-of-US-862-6-Million-by-2031-Transparency-Market-Research-Inc.html

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