Market Research Future (MRFR) has published a cooked research report on the “lawn and garden equipment market” that contains information from 2022 to 2030. The lawn and garden equipment market is estimated to register a CAGR of 13% during the forecast period of 2022 to 2030 and projected to grow at USD 49,095.88 million by 2030.
MRFR recognizes the following companies as the key players in the Market- The Toro Company, MTD, Kubota Corporation, Briggs & Stratton Corporation, Husqvarna Group, Deere & Company.
Lawn and Garden Equipment Market Overview
lawn and garden equipment market size is projected to experience significant growth according to the figures you provided. A compound annual growth rate (CAGR) of 13% over an eight-year forecast period indicates a strong upward trend in the industry and projected to grow from USD 20,868.727 million in 2022 to USD 49,095.88 million by 2030.
lawn and garden equipment market refers to the industry that produces and sells tools, machinery, and equipment used for maintaining and beautifying outdoor spaces such as lawns, gardens, parks, and landscapes. This market includes a wide range of products designed to assist with tasks like mowing, trimming, watering, landscaping, and more..
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Lawn and Garden Equipment Market Segmentation:
The Lawn and Garden Equipment market is systematically examined through its key components, providing a comprehensive overview of the industry landscape.
The Type Outlook categorizes the market based on equipment types, including Lawn Rider, Lawn ZTR (Zero Turn Radius), Walk Behind, Snow Throwers, and Trimmers and Edgers, offering insights into the diversity of products available in the market.
The End-Use Outlook differentiates between Residential and Commercial applications, presenting the market size in USD Billion for each segment and highlighting the varying needs within these sectors.
Regionally, the market is analyzed across North America, Europe, and the Rest of the World, offering a geographical breakdown of market dynamics. This detailed analysis equips stakeholders with valuable insights into the Lawn and Garden Equipment market, facilitating informed decision-making and strategic planning across different equipment types, end-users, and regions within the landscaping and gardening industry.
Market Drivers
· Rising Interest in Landscaping and Outdoor Activities: As people spend more time at home and seek to enhance their outdoor spaces, the demand for lawn and garden equipment increases. Landscaping and gardening activities are not only seen as a means to improve the aesthetics of outdoor areas but also as a way to create functional and enjoyable spaces for leisure and relaxation.
· Advancements in Technology: Technological innovations, including battery-powered equipment, robotic lawn mowers, and smart irrigation systems, are likely contributing to the growth of the market. These innovations offer convenience, efficiency, and sustainable solutions for lawn and garden maintenance.
· Environmental Concerns: There's a growing awareness of the environmental impact of traditional lawn care practices. As a result, consumers are showing interest in eco-friendly and sustainable lawn and garden equipment, which could be driving the demand for new and more environmentally friendly products.
· Urbanization and Green Spaces: The trend of urbanization has led to smaller outdoor spaces, and individuals are looking for ways to maximize their use. This could lead to increased demand for compact and efficient lawn and garden equipment that is well-suited for smaller yards and spaces.
· Home Improvement and Real Estate: The real estate market also plays a role in driving the demand for lawn and garden equipment. Homeowners looking to increase the value of their properties often invest in improving their outdoor spaces, driving the demand for landscaping and maintenance equipment.
· Consumer Preferences: Changing consumer preferences, including a desire for aesthetically pleasing outdoor environments, could be contributing to the growth in the market. Consumers are willing to invest in equipment that helps them achieve their desired outdoor spaces
Lawn and Garden Equipment Key Market Players
List of the lawn and garden equipment market Key Companies in the include
· The Toro Company
· MTD
· Kubota Corporation
· Briggs & Stratton Corporation
· Husqvarna Group
· Deere & Company, among others
Lawn and Garden Equipment Industry Developments
August 2019: American Honda Motor Co., Inc. - 'HRN Series' Lawnmowers
American Honda Motor Co., Inc. introduced the 'HRN Series' of lawnmowers designed for residential use. These lawnmowers are equipped with a strong GCV170 engine and are designed to optimize grass-cutting performance while also focusing on streamlined maintenance and ease of operation. This development reflects the industry's continuous efforts to enhance the efficiency and user-friendliness of lawnmower models for homeowners.
October 2021: AriensCo - Battery and Petrol-Powered Zero-Turn Mowers
AriensCo showcased their range of zero-turn mowers at SALTEX 20 in England. This lineup included both battery-powered and petrol-powered options. The introduction of battery-powered zero-turn mowers demonstrates the industry's shift toward more environmentally friendly and quieter alternatives. Additionally, the company displayed conceptual stand-on mowers like "ZENITH E" and "ARROW," highlighting their innovative approach to mower design and functionality.
April 2022: ECHO Incorporated - ECHO eFORCE 56V Battery System
ECHO Incorporated launched the ECHO eFORCE 56V Battery System in response to the growing interest in home lawn care during the pandemic. This trend prompted the creation of products that cater to homeowners looking for efficient and user-friendly outdoor gardening tools. The ECHO eFORCE 56V Battery System aims to provide homeowners with robust tools that deliver high-level performance while being powered by a battery, aligning with the industry's move toward more sustainable and convenient options.
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