Press release
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 2031.๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐ฎ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐ (๐จ๐๐ฒ ๐๐ผ๐ฟ๐ฝ๐ผ๐ฟ๐ฎ๐๐ฒ ๐ ๐ฎ๐ถ๐น ๐๐ฑ ๐ณ๐ผ๐ฟ ๐ค๐๐ถ๐ฐ๐ธ ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=547&utm_source=OpenPR_Mayur&utm_medium=OpenPR
๐๐ฟ๐ถ๐๐ถ๐ป๐ด ๐๐ผ๐ฟ๐ฐ๐ฒ๐
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.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป
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.
๐๐๐ ๐๐ต๐ถ๐ ๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐บ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ | ๐๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ ๐๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ ๐ฎ๐ - https://www.transparencymarketresearch.com/checkout.php?rep_id=547<ype=S&utm_source=OpenPR_Mayur&utm_medium=OpenPR
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐
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.
๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ถ๐ฐ๐ฎ๐น ๐๐ฑ๐๐ฎ๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐๐
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.
๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐๐
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.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ๐ฟ ๐๐ถ๐๐ฐ๐ผ๐๐ป๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=547&utm_source=OpenPR_Mayur&utm_medium=OpenPR
๐ ๐ผ๐ฟ๐ฒ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ฏ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต -
๐๐ฎ๐ฟ๐ฝ๐ฒ๐๐ & ๐ฅ๐๐ด๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - 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
๐๐ถ๐ฝ ๐ข๐ถ๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ - 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
๐๐ฏ๐ผ๐๐ ๐จ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐
Nikhil Sawlani
Transparency Market Research Inc.
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