Press release
Gardening Equipment Market to Generate $74.97 Billion by 2031 | Growth by Top Players
Prime Determinants of GrowthRapid industrialization & urbanization, surge in middle-class population along with increase in disposable income, and technological advancements in the gardening equipment industry drive the growth of the global gardening equipment market. However, seasonal variations are the major restraining factors that hinder the market growth. Moreover, product developments such as lightweight tools along with the growth in popularity of using smartphone apps for gardening can attract the public to buy these tools. This is expected to boost the gardening equipment market opportunity during the forecast period.
The global gardening equipment industry generated $40.40 billion in 2021, and is anticipated to generate $74.97 billion by 2031, witnessing a CAGR of 6.2% from 2022 to 2031.
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The lawn mowers segment to maintain its leadership status throughout the forecast period
Based on product type, the lawn mowers segment held the highest market share in 2021, accounting for more than three-fourths of the global gardening equipment market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 6.7% from 2022 to 2031, due to advancement in technology to save energy, time, and cost. The report also analyzes handheld equipment and others.
The residential segment to maintain its lead position during the forecast period
Based on end user, the residential segment accounted for the largest share in 2021, contributing to around two-thirds of the global gardening equipment market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 6.5% from 2022 to 2031, owing to the rise in construction activities with rapid industrialization and the growth in population. The research also analyzes the commercial segment.
The offline segment to maintain its lead position during the forecast period
Based on sales channel, the offline segment accounted for the largest share in 2021, contributing to around two-thirds of the global gardening equipment market, and is projected to maintain its lead position during the forecast period. This is attributed to the adoption of technological advancements in the gardening equipment industry. However, the online segment is expected to portray the largest CAGR of 6.9% from 2022 to 2031, due to rise in construction activities in developing countries such as China, India, and Africa.
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Top Players:
The key players that operate in the gardening equipment market are Stanley Black & Decker, Robert Bosch Power Tools GmbH, Stiga Group, Excel Industries, Inc., The Toro Company, STIHL Holding AG & Co. KG, Deere & Company, Hitachi Ltd., Honda, Motor Co., Ltd, Husqvarna AB, Ariens Company, Briggs Stratton, Falcon Garden Tools, ECHO INCORPORATED, KUBOTA Corporation, Schiller Grounds Care, Inc.,Emak S.p.A.
Key Benefits For Stakeholders:
The report provides an extensive analysis of the current and emerging global gardening equipment market trends and dynamics.
In-depth global gardening equipment market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
Extensive analysis of the gardening equipment market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The gardening equipment market forecast analysis from 2022 to 2031 is included in the report.
The key players with in gardening equipment market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of the gardening equipment industry.
Read More Research Report:
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https://www.alliedmarketresearch.com/large-excavators-market-A194264
Zero Turn Mower Market -
https://www.alliedmarketresearch.com/zero-turn-mower-market-A15879
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