Garden Tools Market
The global Garden Tools Market Size was valued at USD 88.10 billion in 2022 and is expected to grow at a compound annual growth rate CAGR of 6.0 % from 2023 to 2030. The expanding elderly population is one of the factors driving the demand for ergonomic products for lawns and gardens. Additionally, higher disposable income and a decline in home prices have led to an increase in real estate developments in all economies. Over the projected period, this trend is anticipated to fuel demand for gardening equipment. Another trend among millennials to turn outside spaces into relaxing spaces with lounges, entertainment areas, outdoor kitchens, and party spots is also expected to augment the market growth.
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The U.S. Market is Estimated at $24.8 Billion, While China is Forecast to Grow at 7.4% CAGR
The Garden Tools market in the U.S. is estimated at US$24.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$30.2 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Global Garden Tools Market Definition
Garden Tools Market refer to a range of tools that are specifically designed for gardening and horticulture activities. These tools are generally classified as hand tools and power tools. These type of equipment are utilized for cutting, trimming, and mowing the grass. The gardening equipment are available in various sizes and shapes, and are designed according to function such as drain, gardening, and roofing, among others.
Market Synopsis
The gardening products business is quite appealing, and it is an established market with consistent growth. Over the forecast period, the lawnmowers product segment is expected to be the largest and fastest growing. This can be attributed to the extensive usage of lawnmowers in backyards, city parks, and athletic fields for grass and garden upkeep. Electric spades and pruners, hedge trimmers, and other fuel or electricity-powered gardening tools improve efficiency. Gardening equipment sales are predicted to increase gradually over the forecast period, owing to the rise of outside activities such as sports, landscaping, and recreational activities.
COVID-19 Impact on Garden Tools market
COVID-19 had a negative impact on the Garden Tools market. Landscaping tools manufacturers were largely impacted due to challenges, including shortage of labor and supply chain disruptions declining the sales of Garden Tools. However, market key players adopted new safety measures for developing the products. The online distribution channel changing the shopping habits of people as it offers benefits such as easy payment methods, availability of a wide range of products, doorstep delivery and heavy discounts assisted in the growth of the market during the pandemic. The increased landscaping and gardening activities after the upliftment of lockdown in several countries will escalate the market growth.
Gardening Equipment Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
Urban Gardening
The rise in trend of urban gardening and landscaping in residential and commercial projects in the developed and developing countries acts as one of the major factors driving the growth of gardening equipment market.
Increase in Demand for Lawn Tools
The surge in demand for lawn tools in landscaping services accelerate the market growth. These tools are primarily used for various gardening activities, such as trimming, aligning, cutting, and maintaining the health of the lawns.
Use for Various Infrastructures
The increase in demand for gardening equipment for numerous infrastructures, including sports fields, public parks and golf courses, among others further influence the market over the forecast period. The rise in the demand of landscaping services in emerging economies assists in the market growth.
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Key Market Segmentation:
Breakup by Product:
Hand Tools
Weeder
Cape Cod Weeder
Paving Weeder
Fishtail Weeder
Hoe
Shears and Snips
Others
Lawnmowers
Trimmers and Edgers
Water Management Equipment
Others
Breakup by End Use:
Residential
Commercial/Government
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Prominent players in Garden Tools Market include:
Ariens Company
American Honda Motor Co. Inc.
Briggs Stratton
Deere & Company
Falcon Garden Tools
Fiskars
Husqvarna Group
Robert Bosch GmbH
Robomow Friendly House
The Toro Company
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