Market Overview
The
Global Gardening Equipment Market is expected to reach a value of
USD 98.4 billion in 2023, and it is further anticipated to reach a market value of
USD 169.6 billion by 2032 at a
CAGR of 6.2%. The market has seen a significant increase in the recent past and is predicted to grow significantly during the forecasted period as well.
Contemporary garden tools look back to the earliest
agricultural implements. Hand tools like axes, sickles, scythes, pitchforks, & shovels have an enduring history of use in gardening, especially in home gardening practices. In recent times, power tools have attained large popularity in both commercial & residential sectors owing to their superior performance & efficiency.
Moreover, these gardening tools include various components like levers, toothed wheels, iron, & other materials. Among the most commonly used tools in gardening are paving weeders, hand tools, fishtail weeders, snips, lawnmowers, trimmers, & others. Users mainly rely on these tools for tasks like lawn mowing & maintenance.
Market Dynamic
During the forecasted period, it is anticipated that the growth adoption of do-it-yourself (DIY) will be a major factor behind the growth of the market. DIY projects include a range of activities accessible to people from various backgrounds, including enthusiasts, hobbyists, & homeowners engaging in home improvement tasks like repairs & remodeling. The market is anticipated to grow due to the growing investments in single-family construction & a rise in zeal for DIY projects. Also, gardening hand tools like garden trowels, spades, shovels, pruners, & others are essential for home renovation projects, offering a diverse range of options and applications that are driving the growth of the market.
However, gardening, characterized by tasks such as soil excavation, weed removal, & shrub trimming, can be physically demanding, potentially causing chronic back pain due to repetitive stress. Less knowledge of using garden equipment, mainly among senior citizens, can create undue strain, potentially causing inflammation or discomfort in different body areas, like, the back, knees, & wrists, which can limit the growth of the market.
Research Scope and Analysis
By Product
The product type sub segment
Lawnmower holds a significant market share in terms of overall market revenue in 2023 and is anticipated for major growth in the coming years. This growth can be said owing to the growth in the adoption of advanced technological equipment, which provides consumers with enhanced comfort & convenience. In addition, handheld power tools, like edgers, trimmers, leaf blowers, & chainsaws also fall into this category. Further, the market's growth is expected to be driven by the growth for lightweight & ergonomically designed equipment, along with the expected reduction in Li-ion battery prices in the medium term due to the situation in Russia & Ukraine.
Moreover, hand tools & wheeled implements can be classified into numerous categories, encompassing cutting & pruning tools, short-hand tools, wheeled implements, handled tools, & striking tools. Long-handled tools contain weeders, hoes, shovels, forks, & rakes. Over the forecast period, the hand tools & wheeled implements are expected to notice significant growth. This growth is likely to be fueled by the growing popularity of foldable shovels for gardening tasks, which is anticipated to drive market growth throughout the forecast period.
By Sales Channel
The market is segmented based on sales channels, including lawn & garden specialty stores, home centers, hardware stores, E-commerce, and national discount & retailer stores. Original Equipment Manufacturers (OEMs) primarily depend on third-party channels for a large portion of their sales. However, due to the short-term closures of hardware & home center stores resulting from the COVID-19 outbreak, the third-party channel experienced a slight decline in sales. However, the home center segment is anticipated to experience significant growth during the forecast period.
Further e-commerce as a sales channel, plays an important role in generating significant market revenue in 2023. Manufacturers are continuously favoring e-commerce platforms to enhance their market presence & simplify commercial operations, which is expected to boost the market growth in the coming future.
By End User
In recent times, there has been an eminent growth in the need for gardening equipment within the residential market. This growth in demand can be said owing to various factors, such as the increase in the number of single-family homes & the rise in preference for purchasing gardening tools via online channels. Furthermore, the expansion in the popularity of DIY backyard landscaping projects has contributed majorly to the growing demand for gardening equipment in the residential sector. As a result, the residential market is expected to experience the highest growth rate throughout the forecast period.
Moreover, in the forecast period, significant growth is also expected in the commercial & government segments. This segment includes landscaping services for numerous business establishments, including hotels, government & public buildings, sports facilities, & commercial properties. The constant growth of the global tourism & hospitality sectors is also anticipated to be a key driver of the growth of this segment along with the market.
The Global Gardening Equipment Market Report is segmented on the basis of the following:
By Product
- Lawnmowers
- Handheld Power Tools
- Hand Tools & Wheeled Implements
- Water Equipment
By Sales Channel
- Hardware Stores
- E-Commerce
- Home Centers
- Lawn & Garden Specialty Stores
- National Retailers & Discount Stores
By End User
- Residential
- Government / Commercial
Regional Analysis
North America captures a significant market share of 36.1%, making it a leading region for the Global Gardening Equipment Market in 2023, like the United States, dominates the global market, holding the majority share. Looking ahead to the forecasted period, there is an expected growth in demand for lightweight & portable gardening equipment powered by batteries for landscaping purposes. This growth in demand for battery-powered tools is anticipated to play an essential role in driving market growth.
Further, the Asia Pacific region is also anticipated to notice significant growth during the forecast period, driven mainly by the growing infrastructure development across Asian countries. Despite large disturbances caused by the COVID-19 pandemic in major markets like China, India, & Japan in the recent past, these nations have shown a strong infrastructure industry, as indicated by their high GDP figures. This economic stability encourages growth in investments in housing & infrastructure, which in turn positively impacts the market dynamics in the APAC region.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The market experiences fragmentation, mainly due to the limited number of major players within the market. These companies tend to stick to two prominent trends, which are offering a wide range of gardening products or focusing their efforts on the sale of specific gardening equipment.
For instance, in August 2022, British garden equipment manufacturer Handy announced a partnership with Cramer Tools, renowned for its durable battery-powered tools & professional gardening equipment. This collaboration focuses on launching Handy's potent 82V battery technology to the UK commercial market, delivering emission-free solutions for garden care and landscaping.
Some of the prominent players in the Global Gardening Equipment Market are:
- Falcon Garden Tools
- Deere & Company
- Fiskars
- Husqvarna Group
- Ariens Company
- Briggs Stratton
- The Toro Company
- Robert Bosch GmbH
- Honda Motor Co Ltd
- Hitachi Ltd
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Gardening Equipment Market:
The COVID-19 pandemic & the following economic recession saw a significant impact on the global gardening equipment market. While the starting phase of the pandemic led to disturbances in the supply chain, temporary store closures, & decreased consumer spending, the latter part of the pandemic noticed a recovery in the requirement as individuals turned to gardening as a free time activity & means of home enhancement. This shift in consumer behavior, along with the rising emphasis on outdoor spaces, encouraged growth in sales of gardening equipment, mainly through online channels. As the economy slowly recovered, the gardening equipment market is growing steadily and is anticipated to maintain this growth, driven by the enduring interest in home gardening & outdoor projects.
| Report Characteristics |
| Market Size (2023) |
USD 98.4 Bn |
| Forecast Value (2032) |
USD 169.6 Bn |
| CAGR (2023-2032) |
6.2% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Product (Lawnmowers, Handheld Power Tools,
Hand Tools & Wheeled Implements and Water
Equipment), By Sales Channel (Hardware Stores, E-
Commerce, Hom Centers, Lawn & Garden Specialty
Stores and National Retailers & Discount Stores), By
End User (Residential and Government/ Commercial) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Falcon Garden Tools, Deere & Company, Fiskars,
Husqvarna Group, Ariens Company, Briggs Stratton,
The Toro Company, Robert Bosch GmbH, Honda
Motor Co Ltd, Hitachi Ltd, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Gardening Equipment Market is estimated to reach USD 98.4 billion in 2023, which is further expected to reach USD 169.6 billion by 2032.
North America dominates the Global Gardening Equipment Market with a share of 36.1% in 2023.
Some of the major key players in the Global Gardening Equipment Market are Deere & Company,
Hitachi, Bosch, and many others.
The market is growing at a CAGR of 6.2 percent over the forecasted period.