Overview and Scope
Power lawn and garden equipment refers to a broad category of tools and machinery designed to aid in the maintenance, care, and enhancement of outdoor spaces such as lawns, gardens, and landscapes. These tools are designed to help maintain and improve lawns and gardens.
Sizing and Forecast
The power lawn and garden equipment market size has grown strongly in recent years. It will grow from $78.82 billion in 2023 to $84.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growing awareness of outdoor living, rapid urbanization, rise in demand for landscape services, rise in demand for automated tools, population growth and housing density.
The power lawn and garden equipment market size is expected to see strong growth in the next few years. It will grow to $108.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to e-commerce growth, rise of diy culture, weather and seasonal influences, changing consumer lifestyles, rise in outdoor recreation activities. Major trends in the forecast period include rise in adoption of battery-powered equipment, smart technology integration, urban gardening solutions, enhanced ergonomics and user-friendly designs, technological innovations in robotic lawn care.
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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
North America was the largest region in the power lawn and garden equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power lawn and garden equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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 2023, according to the Office for National Statistics, a UK-based government body, in 2023, 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.
Key Industry Players
Major companies operating in the power lawn and garden equipment market report are Honda Motor Co. Ltd., Hitachi Ltd, Deere and Company, Craftsman Automation, Andreas Stihl AG , Black+Decker,Inc, Textron Inc, McLane, Makita Corporation, Kohler Co., The Toro Company, TTI Inc., MTD Products Inc, Briggs & Stratton Corporation, Husqvarna AB, Blount International Inc, Worx, STIHL USA, EMAK, Ariens Company, Echo Inc, Brinly-Hardy, American Lawn Mower Co., MAT Engine Technologies LLC, Snow Joe LLc, Sun Joe, Talon, ZHONGJIAN
The power lawn and garden equipment market report table of contents includes:
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
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