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Lawn And Garden Tractor And Home Lawn And Garden Equipment Market Trends That Will Shape the Next Decade: Insights from Technological Advancements Transforming The Lawn And Garden Equipment Market
Lawn And Garden Tractor And Home Lawn And Garden Equipment Market
How Large Will the Lawn And Garden Tractor And Home Lawn And Garden Equipment Market Size By 2025?
The market size for home lawn and garden tools and garden tractors has seen a sturdy expansion in the previous years. It's projected to escalate from a value of $33.83 billion in 2024 to $36.01 billion in 2025, producing a compound annual growth rate (CAGR) of 6.5%. The growth previously experienced can be credited to factors such as consumer tastes, trends in home ownership, and the state of the economy.
How Big Is the Lawn And Garden Tractor And Home Lawn And Garden Equipment Market Size Expected to Grow by 2029?
Significant growth is forecasted in the home lawn, garden tractor, and garden equipment market in the near future. The market is predicted to expand to $45.03 billion by 2029, experiencing a CAGR of 5.7%. This growth can be attributed to factors like the adoption of sustainable and eco-friendly alternatives, an aging demographic, urban gardening trends, the rise of e-commerce and online sales, government rules, and extreme weather conditions. Seasonal changes, technological innovation, intelligent and interconnected devices, as well as versatile and compact equipment play a major role in driving growth during the forecast period.
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Which Key Market Drivers Powering Lawn And Garden Tractor And Home Lawn And Garden Equipment Market Expansion and Growth?
The expansion of golf course territories and green space progression have contributed to a heightened need for lawn and garden tractors in the domestic lawn and garden equipment market. Regular maintenance of golf courses relies heavily on garden tractors. For example, in January 2023, the National Golf Foundation, a non-profit organization based in the US, reported that roughly 25.6 million Americans engaged in golf in 2022, marking a boost of 500,000 golfers from 2021. This spike in golf participation has led to greater requirements for golf courses. Consequently, the increase in golf courses and green areas has triggered larger expenditure on garden appliances, garden tractors, and domestic lawn tools.
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Which Fast-Growing Trends Are Poised to Disrupt the Lawn And Garden Tractor And Home Lawn And Garden Equipment Market?
Innovations in technology are becoming a notable trend in the lawn and garden tractor and home lawn and garden tool market. Big companies in this sector are prioritizing the incorporation of new tech, specifically battery-operated tools, in a bid to enhance comfort and functionality for consumers. A case in point is ECHO Incorporated, a US power tools and equipment manufacturer that launched the ECHO eFORCE 56V Battery System in 2022. This new battery-operated outdoor equipment range, designed for consumer lawn and garden upkeep, offers homeowners a premium choice of potent and user-friendly outdoor tools for their household gardens. These tools parallel the high standard and power typically employed by professional landscapers.
What Are the Emerging Segments in the Lawn And Garden Tractor And Home Lawn And Garden Equipment Market?
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 And Shredders, Tractors, Lawn Mowers, Sprinkler And 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
Subsegments:
1) By Blowers: Handheld Blowers, Backpack Blowers, Wheeled Blowers
2) By Chain Saws: Gas-powered Chain Saws, Electric Chain Saws, Battery-powered Chain Saws
3) By Cutters And Shredders: String Trimmers, Hedge Trimmers, Brush Cutters, Lawn Edgers
4) By Tractors: Riding Tractors, Garden Tractors, Utility Tractors
5) By Lawn Mowers: Push Lawn Mowers, Self-propelled Lawn Mowers, Riding Lawn Mowers, Robotic Lawn Mowers, Zero-turn Mowers
6) By Sprinklers And Hoses: Garden Hoses, Hose Reels, Sprinkler Systems, Sprinkler Heads
7) By Other Product Types: Fertilizer Spreaders, Weed Killers, Leaf Vacuums, Garden Tools (Shovels, Rakes)
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Who Are the Global Leaders in the Lawn And Garden Tractor And Home Lawn And Garden Equipment Market?
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
Which are the Top Profitable Regional Markets for the Lawn And Garden Tractor And Home Lawn And Garden Equipment Industry?
Asia-Pacific was the largest region in the lawn and garden tractor and home lawn and garden equipment market in 2023. North America was the second largest region in the agricultural implement market. The regions covered in the lawn and garden tractor and home lawn and garden equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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