Lawn & Garden Equipment Market to exceed $50 bn by 2027
Lawn & Garden Equipment Market size is estimated to surpass USD 50 billion by 2027, according to a new research report by Global Market Insights, Inc.
Global Market Insights Inc. has recently added a new report on the lawn & garden equipment market, which estimates the market valuation for lawn & garden equipment will cross US $50 billion by 2027. The high presence of golf courses in North America, increasing consumer spending, the presence of industry players in the Asia Pacific, and rising technological advancements, will propel product usage in the coming years.
Increasing customer inclination toward products embedded with new features is leading to advancements in lawn & garden equipment. Efficient and user-friendly products provide consumers with reduced operational and work fatigue. The increasing penetration of robotic mowers is propelling regional participants to invest in R&D to gain a competitive edge. The availability of improved infrastructure to enhance manufacturing operations coupled with new products with increased reliability & durability will positively influence the product application over the study timeframe. Manufacturers focus on automated & electric-powered equipment, owing to rising consumer preference for products with reduced vibration and increased comfort to users.
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Playgrounds will witness over a 7% CAGR in the lawn & garden equipment market. The increasing number of playgrounds in residential communities and commercial buildings is one of the factors contributing to the increasing demand for lawn & garden care equipment. Increasing indispensable community spaces are propelling the demand for playgrounds, in turn, affecting the demand for maintaining equipment. Other operation lawn & garden equipment will hold a dominating volume share in 2027. It can be ascribed to the increasing adoption of sprinklers for garden and lawn care activities, owing to their water-saving features.
Tractors will foresee significant adoption from both commercial & residential business segments in the lawn & garden equipment market. Mowing tractors generally have a large fuel tank and justify extended operations ideal for mowing large surfaces. These can be attached with equipment such as plows, snow removers, and collection bags for mowed grass, making them an ideal option for all-weather operations.
North America will hold more than a 55% share by 2027 in lawn & garden equipment market. The presence of a high number of golf courses coupled with increasing expenditure on residential construction will prosper the regional product demand. Proliferating indoor farming and DIY activities for garden care will also positively influence regional product consumption.
Some major findings of the lawn & garden equipment market report include:
- Gas-powered lawn & garden equipment will be the major revenue generator.
- Walk-behind equipment will hold a major revenue share.
- North America will dominate the lawn & garden equipment industry.
- Prominent industry players include Deere & Company; Briggs & Stratton Corporation, Husqvarna Group, Robert Bosch GmbH, Ariens Company, Falcon Garden Tools, Honda Motor, Fiskars Group, The Toro Company, STIGA S.p.A., Kubota Corporation, Koki Holdings, Stihl Holding, Makita Corporation, Stanley Black & Decker, Techtronic Industries (TTI), and MTD Holdings Inc.
- Some of the key lawn & garden equipment market players are primarily focusing on new product development and capacity expansion to strengthen their market position.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Lawn & garden equipment market 3600 synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Power trends
2.1.3 End use trends
2.1.4 Operation trends
2.1.5 Product trends
2.1.6 Regional trends
Chapter 3 Lawn & Garden Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017 - 2027
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.6 Value chain disruptions due to COVID-19
3.3.7 Vendor matrix
3.4 Industry best practices & key buying criteria
3.4.1 Need recognition
3.4.2 Information search
3.4.3 Evaluation of alternatives
3.4.4 Purchase decision
3.4.5 Post-purchase behaviour
3.5 Pricing analysis
3.5.1 Regional pricing (including COVID-19 impact)
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
3.5.2 Cost structure analysis
184.108.40.206 R&D cost
220.127.116.11 Manufacturing & equipment cost
18.104.22.168 Raw material cost
22.214.171.124 Distribution cost
126.96.36.199 Operating cost
188.8.131.52 Miscellaneous cost
3.6 Regulatory landscape
3.6.1 United States Environmental Protection Agency (EPA)
3.6.2 European Commission
3.7 Industry impact forces
3.7.1 Growth drivers
184.108.40.206 North America
220.127.116.11.1 High presence of golf courses
18.104.22.168.1 Rising technological advancement
22.214.171.124 Asia Pacific
126.96.36.199.1 Increasing consumer spending and presence of industry players
188.8.131.52 Latin America
184.108.40.206.1 International trade agreements supporting adoption of garden equipment
220.127.116.11.1 Rising government initiatives for green and sustainable environment
3.7.2 Industry pitfalls & challenges
18.104.22.168 High noise, vibration and increased pollution levels
3.8 Growth potential analysis, 2020
3.9 Raw material trends
3.10 Innovation & sustainability
3.11 Porter's analysis
3.12 Competitive landscape, 2020
3.12.1 Company market share analysis, 2020
3.12.2 Strategy dashboard
3.13 PESTLE analysis
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Original Source: Lawn & Garden Equipment Market to Hit $50 Bn by 2027; Global Market Insights Inc.