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Power Lawn and Garden Equipment Market: Trends, Share, Size, Key Profiles And Forecast To 2033
Power Lawn and Garden Equipment Market
As per the report, the power lawn and garden equipment market size has grown strongly in recent years. It will grow from $78.82 billion in 2023 to $84.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The power lawn and garden equipment market size is expected to see strong growth in the next few years. It will grow to $108.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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Homeownership Surge Propelling Growth In The Power Lawn And Garden Equipment Market
The increasing home ownership is expected to propel the growth of the power lawn and garden equipment market going forward. Homeownership refers to the state of owning one's residence or dwelling. Power lawn and garden equipment contribute to the overall care and maintenance of a property, allowing homeowners to create and sustain an appealing and well-kept outdoor environment. For instance, in March 2023, according to the Office for National Statistics, a UK-based government body, in 2023, there were expected to be 28.3 million households in the UK, a 0.7% increase from 28.1 in 2022. Furthermore, The number of families in the UK increased to 19.4 million in 2022. Therefore, the increasing home ownership is driving the power lawn and garden equipment market.
Innovation In The Power Lawn And Garden Equipment Market
Major players in the power lawn and garden equipment market are developing innovative products, such as robotic mowers that reduce effort while increasing precision, efficiency, and environmental friendliness. Robotic mowers are automated, self-propelled devices designed to cut grass on lawns and similar green spaces. For instance, in October 2022, The Toro Company, a US-based outdoor environment equipment manufacturer company, launched the Toro RTX 2000. The Toro RTX 2000 uses multiple cameras to map its surroundings and create a virtual map of the yard. The Toro RTX 2000 is also equipped with a self-charging docking station, security system, and smartphone app that make it a top-of-the-line robotic mower. The mower is powered by a lithium-ion battery that provides up to two hours of mowing time on a single charge.
The power lawn and garden equipment market covered in this report is segmented -
1) By Type: Lawnmowers, Turf And Grounds Equipment, Trimmers And Edgers
2) By Distribution Channel: Direct, Indirect
3) By Application: Household Use, Commercial, Public Application
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Major companies operating in the power lawn and garden equipment market report are Honda Motor Co. Ltd., Hitachi Ltd, Deere and Company, Craftsman Automation, Andreas Stihl AG , Black+Decker,Inc, Textron Inc, McLane, Makita Corporation, Kohler Co., The Toro Company, TTI Inc., MTD Products Inc, Briggs & Stratton Corporation, Husqvarna AB, Blount International Inc, Worx, STIHL USA, EMAK, Ariens Company, Echo Inc, Brinly-Hardy, American Lawn Mower Co., MAT Engine Technologies LLC, Snow Joe LLc, Sun Joe, Talon, ZHONGJIAN
Contents of the report:
1. Executive Summary
2. Power Lawn and Garden Equipment Market Report Structure
3. Power Lawn and Garden Equipment Market Trends And Strategies
4. Power Lawn and Garden Equipment Market - Macro Economic Scenario
5. Power Lawn and Garden Equipment Market Size And Growth
…..
27. Power Lawn and Garden Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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