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Power Lawn and Garden Equipment Market Growth Opportunities Report 2024

11-09-2017 07:09 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports

Amidst high competition, large international players have established themselves in the global power lawn and garden equipment market, says Transparency Market Research in a new report. The key participants in the market are striving to develop energy-efficient electric lawnmowers technologies and introduce differentiator products in emerging markets to steal a march over their competitors. Acquisitions and partnerships with local companies is another growth strategy that key participants have resorted to maintain their foothold.

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Some key participants in the global power lawn and garden equipment market include ANDREAS STIHL AG & Co., KG, BLACK+DECKER Inc., Briggs & Stratton, Deere & Company, ECO INCORPORATED, Husqvarna AB, Kohler Co., Makita Corporation, MTD Products Incorporated, Snow Joe LLC, Textron Incorporated, and Toro Company.

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A report by Transparency Market Research forecasts the global power lawn and garden equipment market to rise at a CAGR of 4.8% between 2017 and 2025, for the market to be valued at US$96,832.1 mn by the end of 2025.

Development of New Housing Complexes in the West Benefits Lawn Mower Equipment Type Segment

Among equipment types, lawn mowers held the leading share of the global power lawn and garden equipment market in 2016. The increasing uptake of power lawn and garden equipment from the commercial sector, along with development of new housing units in Western Europe and North America is benefitting the lawnmower segment of the market. Besides this, trimmer &edger and rotary tiller segments are anticipated to display robust growth over the forecast period.

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The residential application segment is expected to display impressive growth in the power lawn and garden equipment market over the forecast period. The segment is expected to rise at a higher CAGR than commercial application segment over the report’s forecast period.

North America accounted for the leading more than 50% share of the global power lawn and garden equipment market in 2015. Rising consumer spending power and increasing indulgence in backyard cooking and garden parties are majorly fuelling growth of North America power lawn and garden equipment market.

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About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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