The Power Lawn and Garden Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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The analysis provided by The Business Research Company’s Power Lawn and Garden Equipment Global Market Report 2024 illuminates a compelling narrative of robust growth within the power lawn and garden equipment sector in recent years. Demonstrating an upward trajectory, this market is poised to ascend from $78.82 billion in 2024 to $84.74 billion in the same year, reflecting a noteworthy compound annual growth rate (CAGR) of 7.5%. This surge in market dimensions during the historical period finds its roots in several key factors, including the burgeoning recognition of outdoor lifestyles, rapid urban expansion, heightened demand for landscaping services, the surging preference for automated tools, alongside population expansion and intensified housing densities.
Looking ahead, anticipations remain buoyant, with the power lawn and garden equipment market anticipated to witness robust expansion in the coming years, projected to burgeon to $108.15 billion by 2028, propelled by a CAGR of 6.3%. This optimistic forecast derives impetus from various drivers such as the flourishing landscape of e-commerce, the burgeoning DIY ethos, the sway of weather patterns and seasonal shifts, evolving consumer behaviors, and the escalating enthusiasm for outdoor recreational pursuits. Encompassing the forecast horizon, notable trends are poised to shape the landscape, including the ascendancy of battery-powered apparatuses, the seamless integration of smart technologies, the advent of urban gardening solutions, the optimization of ergonomics and user-centric designs, alongside a wave of technological breakthroughs in robotic lawn care.
The increasing home ownership is expected to propel the growth of the power lawn and garden equipment market going forward. Homeownership refers to the state of owning one’s residence or dwelling. Power lawn and garden equipment contribute to the overall care and maintenance of a property, allowing homeowners to create and sustain an appealing and well-kept outdoor environment. For instance, in March 2024, according to the Office for National Statistics, a UK-based government body, in 2024, there were expected to be 28.3 million households in the UK, a 0.7% increase from 28.1 in 2022. Furthermore, The number of families in the UK increased to 19.4 million in 2022. Therefore, the increasing home ownership is driving the power lawn and garden equipment market.
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The power lawn and garden equipment market covered in this report is segmented –
1) By Type: Lawnmowers, Turf And Grounds Equipment, Trimmers And Edgers
2) By Distribution Channel: Direct, Indirect
3) By Application: Household Use, Commercial, Public Application
Top 5 Major Players:
Amidst this dynamic backdrop, major players within the power lawn and garden equipment domain are fervently engaged in the development of innovative offerings, exemplified by the advent of robotic mowers engineered to mitigate labor intensity while accentuating precision, efficiency, and eco-friendliness. Robotic mowers, heralded as automated, self-propelled contrivances tailored for grass cutting on lawns and analogous green spaces, epitomize a transformative stride in the realm of outdoor maintenance. Noteworthy among these innovations is the Toro RTX 2000, a groundbreaking creation unveiled by The Toro Company, a distinguished US-based manufacturer of outdoor environment equipment, in October 2022. The Toro RTX 2000 stands as a paragon of excellence, leveraging multiple cameras to chart its surroundings and delineate a virtual blueprint of the yard. Equipped with a self-charging docking station, a robust security apparatus, and an intuitive smartphone application, this avant-garde mower epitomizes the pinnacle of robotic mowing technology. Fueled by a lithium-ion battery, the Toro RTX 2000 boasts an impressive operational window of up to two hours on a single charge, underlining its efficacy and reliability in addressing the evolving needs of contemporary lawn care aficionados.
1. Executive Summary
2. Power Lawn And Garden Equipment Market Characteristics
3. Power Lawn And Garden Equipment Market Trends And Strategies
4. Power Lawn And Garden Equipment Market – Macro Economic Scenario
5. Global Power Lawn And Garden Equipment Market Size and Growth
…..
32. Global Power Lawn And Garden Equipment Market Competitive Benchmarking
33. Global Power Lawn And Garden Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Power Lawn And Garden Equipment Market
35. Power Lawn And Garden Equipment Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Power Lawn And Garden Equipment Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Power Lawn And Garden Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Power Lawn And Garden Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Honda Motor Co. Ltd. Financial Performance
Table 75: Hitachi Ltd Financial Performance
Table 76: Deere and Company Financial Performance
Table 77: Craftsman Automation Financial Performance
Table 78: Andreas Stihl AG Financial Performance
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