Lawn and Garden Revolution: Riding the Tractor to a $36.21 Billion Market

The lawn and garden tractor and home lawn and garden equipment market size has grown steadily in recent years. It will grow from $30.5 billion in 2023 to $31.67 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to consumer preferences, homeownership trends, economic conditions.

The lawn and garden tractor and home lawn and garden equipment market size is expected to see steady growth in the next few years. It will grow to $36.21 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to sustainable and eco-friendly solutions, aging population, urban gardening, e-commerce and online sales, government regulations, extreme weather events. Major trends in the forecast period include seasonal variations, technological advancements, smart and connected devices, compact and versatile equipment.

Market Overview -
Lawn and garden tractor refer to higher horsepower engines to support the demands of multiple tasks while lawn tractors typically provide lower horsepower engines since they specialize mainly in lawn mowing. Lawn and garden equipment refer to tools used for gardening.

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Rise In Golf Course Expansion Fuels Demand For Lawn And Garden Equipment
Growing golf course areas and development in the green space have led to a rise in demand for lawn and garden tractors and the home lawn and garden equipment market. Garden tractors are used for regular maintenance of golf courses. According to the National Golf Foundation, around 25.1 million Americans played golf in 2021. The surge in the number of people playing golf is generating higher demand for golf courses. Therefore, the surge in golf courses and green space resulted in increased spending on garden equipment, garden tractor, lawn, and home lawn equipment.

Competitive Landscape -
Major companies operating in the lawn and garden tractor and home lawn and garden equipment market include Ariens Company, Deere and Company, Husqvarna Group, Briggs and Stratton Corporation, Toro Company, STIHL AG and Co. KG, Emak SpA, Stanley Black and Decker Inc., Makita Corporation, Honda Motor Co. Ltd., Alamo Group, Fiskars Group, MTD Products Inc, Kubota Corporation, Mahindra & Mahindra Limited, Tata Motors Limited, Simplicity Manufacturing Company, Troy-Bilt LLC, Black and Decker, Greenworks, Worx, Ryobi Limited, Scotts Miracle-Gro Company, Earthwise, Snow Joe LLC, Homelite, PowerSmart, Generac Power Systems Inc., Bad Boy Mowers, Ferris Industries Inc., Scag Power Equipment, Swisher Acquisition Inc., Gravely, Hustler Turf Equipment

Technological Advancements Transforming The Lawn And Garden Equipment Market
Technological advancements have emerged as a key trend gaining popularity in the lawn and garden tractor and home lawn and garden equipment market. Major companies operating in the market are focused on introducing new technologies such as battery powered equipment in order to offer better convenience and features to customers. For example, in 2022, US based power tools and equipment manufacturer, ECHO Incorporated launched the ECHO eFORCE 56V Battery System. The new line of battery-powered outdoor equipment designed for consumer lawn and garden care provides homeowners a superior option of powerful and easy-to-use outdoor tools for the home garden, with the same high-quality and power used by professional landscapers.

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Key Segments -
The lawn and garden tractor and home lawn and garden equipment market covered in this report is segmented -

1) By Product Type: Blowers, Chain Saws, Cutters & Shredders, Tractors, Lawn Mowers, Sprinkler & Hoses, Other Product Types
2) By Power: Manual, Electric-Powered, Gas-Powered, Other Powers
3) By Operation: Walk behind, Rider, Other Operations
4) By End User: Residential Users, Professional Landscaping Services, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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