The Landscaping Tools Market is projected to grow from $32.52 billion to $51.85 billion, at a CAGR of 8.1% in terms of revenue during the forecast period.
The term "gardening equipment" refers to a variety of items made especially for gardening and horticultural tasks. These items can be divided into two categories: hand tools and power tools. These pieces of machinery are used to mow, trim, and cut the grass. The gardening tools come in a variety of sizes and forms and are made with different functions in mind, including drain, gardening, and roofing, among others.
The oldest agricultural equipment gave rise to the garden tools we use today. Some of the hand tools that are frequently used for gardening, especially home gardening, include an axe, sickle, scythe, pitchfork, and shovel. Due to their improved and efficient performance, power tools are widely used in both the commercial and domestic sectors.
Market Dynamics:
Drivers:
People are embracing plants and engaging in gardening activities in greater numbers. Particularly many millennials have taken to green pastimes like gardening. The millennial generation is primarily interested in heirloom seed planting and gardening as a skill utilizing specialized tools, which is driving up purchases of gardening equipment. For more pleasant yard work, this group of people flavours garden tools with ergonomic features and lighter weights. Also, those that enjoy being outside frequently have higher expectations for their home outdoor space and make significant investments in adorning landscape components.
Furthermore, customers who live in urban areas with limited access to land are more likely to prefer small-space gardening, such as herb gardens and hanging gardens. These elements also support the expansion of the world landscaping tools market for gardening products.
Restraints:
The efficiency of gardening tools depends on routine maintenance, regardless of their cost or quality. In order to extend the life of the instruments, frequent care, including correct cleaning and storing, is required. A high level of maintenance is required for both manual tools and power tools. Hand tools often need to be stored properly, cleaned before and after use, dried properly, protected from corrosion, and kept sharp. All of these take a lot of effort and a variety of items to maintain.
On the other hand, the materials used and the cutting-edge features added to the product, power tools cost more than manual tools. As a result, the product's maintenance costs are higher than those of hand tools. Also, as the power tools rely on technology, there is a high danger of harm if they are not frequently serviced. Also, damaged spare parts may increase the cost of fixing the product. Thus, a major factor limiting landscaping tools market growth is the costly maintenance required for gardening tools.
Opportunities:
The power tools are more expensive than manual tools due to the materials utilized and the cutting-edge features added to the product. As a result, compared to hand tools, the product requires more upkeep. Power tools are also in high danger of harm if they are not regularly maintained as they rely on technology. Also, repairing the product may cost more if the replacement components are damaged. Thus, the pricey maintenance needed for gardening tools is a significant barrier restricting landscaping tools market growth.
Key Players:
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Fiskars Group
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Husqvarna Group
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FELCO S.A.
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ANDREAS STIHL AG & Co. KG
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Lasher Tools
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Radius Garden
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SNA Europe
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ARS Corporation
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Spear and Jackson Australia
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Japeto Ltd
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NIWAKI LTD.
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Gyokucho Co., Ltd.
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SABOTEN CO., LTD
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Robert Bosch GmbH
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Einhell Germany AG
Market Segmentation:
Landscaping Tools Market, By Product
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Hand Tools
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Lawnmowers
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Trimmers and Edgers
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Water Management Equipment
Landscaping Tools Market, By End-Use
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Residential
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Commercial/Government
Landscaping Tools Market, By Distribution Channel
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Online Sales
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Retail Sales
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Distributor Sales
Landscaping Tools Market, By Region
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa (MEA)
Regional Analysis:
Asia Pacific is the region with highest growth rate of landscaping tools market during the projection period. The main cause of expanding commercial and residential construction activities are real estate owners. The acceptance of GPS-enabled equipment and rising energy-efficient mower usage are also establishing the groundwork for future expansion. Also, the improvement of the visual appeal of yards and lawns has been mandated by upcoming international sporting events, such as the "Olympic Winter Games Beijing," which has boosted the expansion of the landscaping tools markets.
The development of small gardens across residential and business buildings is expected to contribute significantly to growth in the Middle East, Africa, and South America. Demand has increased as golf becomes more and more popular in the Middle East, Africa, and South American nations.
Scope of the report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.1% |
YoY growth (%) |
XX% |
Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
Current Market size |
USD 32.52 Billion |
Forecast market growth |
USD 51.85 Billion |
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Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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