Lawn & Garden Equipment Market Overview by Recent Trends and Growth Projection to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-09
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Lawn & Garden Equipment Market Overview by Recent Trends and Growth Projection to 2025

In 2018, lawn & garden equipment market accumulated one-fourth of revenue share from application in golf courses, and the segment is likely to exhibit a similar growth pattern in the foreseeable future. The market derives substantial demand from multiple golf courses present worldwide. As per the National Golf Foundation, around 38,500 golf courses are present in the world. In addition, several attempts  made by  various countries towards the establishment of golfing facilities is likely to further inflate the demand for lawn & garden equipment. For example, in 2018, Turkmenistan had inaugurated Ashgabat Golf Club and listed itself among many golfing countries.

 As per the latest research report, the global Lawn & Garden Equipment Market is anticipated to depict a CAGR of 7% through 2025, having recorded a valuation of USD 28.26 billion in 2018. By 2025, the Lawn & Garden Equipment Market is expected to hit a remuneration of USD 45.54 billion.

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Rising number of residential and commercial construction projects and improving standard of living will enhance lawn & garden equipment market  growth. Lawn and garden equipment has found wide-ranging applications in parks, sports fields, etc. Also, lawn and garden equipment industry will witness growth due to  rising government initiatives in favor of green and sustainable environment.

Lawn and garden equipment market forecast report projects that  Asia Pacific will emerge as a major contender in the business. The region is experiencing betterment in economic conditions that have accelerated urbanization and housing activities in the region. Also, scheduled upcoming sporting events, such as 2022 Winter Olympic Games in China and 2020 Olympics in Japan are likely to generate demand for lawn & garden equipment. Hosting stadiums need an aesthetic  appeal to attract more audiences for watching live games. Asia Pacific lawn and garden equipment industry size is likely to witness CAGR of more than 8% over 2019-2025.

Among newly launched products, lawn & garden equipment with seating arrangements are gaining remarkable traction among end users.  Equipment with seat reduce fatigue of driver and improve  output. In 2018, Deere and Company had launched 100 Series lawn tractors to help customers with hassle-free and comfortable operation.

Market Growth Drivers –

  1. High presence of golf courses
  2. Rising technological advancement
  3. Increasing consumer spending
  4. International trade agreements
  5. Rising government initiatives for green and sustainable environment

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The Lawn & Garden Equipment Market report also contains information pertaining to the anticipated CAGR of the global business through the forecast period. In addition, many technological developments and innovations that may possibly boost the industry outlook over the anticipated period are also mentioned in the study.

Top Companies

Robert Bosch GmbH, Husqvarna Group, Ariens Company, Briggs & Stratton Corporation, Deere & Company, Falcon Garden Tools, Fiskars Group, Honda Motor Co., Ltd., The Toro Company, STIGA S.p.A, Stihl Holding AG & Co. KG, Kubota Corporation, Makita Corporation, Koki Holdings Co., Ltd., Stanley Black & Decker, MTD Holdings Inc, Techtronic Industries Co. Ltd (TTI)

Lawn & Garden Equipment Market, by Product: -

  1. Blowers
  2. Chain Saws
  3. Cutters & Shredders
  4. Tractors
  5. Lawn Mowers
  6. Sprinkler & Hoses
  7. Others

The report is inclusive of commendable information with respect the production, individual segmental growth rate, valuation, pricing, as well as segmental market share.

Market Insights by End-use

  1. Residential
  2. Golf Courses
  3. Playgrounds

This study is inclusive of in-depth information with respect to the consumption of the product as well as application segment market share, in tandem with the growth rate likely to be registered by every application segment.

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What are the key highlights of this report?

  1. A systematic pricing analysis has been done on the sources of the product, application, as well as regional categories
  2. A detailed analysis of the vendor matrix, important companies that will help better understand the competitive situation of the global business
  3. Important, insightful data on the regulatory status of the market, as well as the investment scenario – for instance, how many stakeholders have invested in the market and so on
  4. A deep-dive understanding of the various aspects propelling the overall market growth graph, as well as their influence on the worldwide market projections and dynamics
  5. A systematic roadmap depicting the numerous growth opportunities in the worldwide market coupled with the identification of vital factors
  6. An extensive evaluation of the various trends prevailing in the global industry that would help identify the various developments in the market from a global perspective


About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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