September 2022, Market Research Future has published a Report on the Global Gardening Tools Market
Market Research Future has recognized the following companies as the key players in the global gardening tools market: Fiskars Group (Finland), Husqvarna AB (Sweden), Falcon Garden Tools Pvt Ltd. (India), Ribe Energy Machinery SL (Spain), ILAGA Supplies (Spain), Stanley Black & Decker, Inc. (US), Ingersoll Tillage Group, Inc. (Canada), Bully Tools, Inc. (US), Zenport Industries (US), and Griffon Corporation Inc. (US).
Gardening Tools Market Highlights
The global gardening tools market is projected to be valued at USD 112.09 billion by 2027, recording a CAGR of 4.51% during the forecast period. The growing trend of gardening activities and the growth of the real estate industry are some of the major factors driving the market's growth. Also, the rising demand for technologically advanced gardening tools boosts the growth of the gardening tools market. Initiatives towards urban green spaces and green infrastructure create growth opportunities for the market in the coming years. However, high maintenance associated with gardening tools is restricting the growth of the market.
Segmental Analysis
The global gardening tools market has been segmented based on product type, tool holder, end use, distribution channel, and region.
Based on product type the global market has been segmented into lawn mowers, blowers, vacuums & sweepers, pruning tools, striking & digging tools, chain saw, and others. A lawn mower is used for cutting grass on lawns. The blades of the mower are made up of high carbon steel. These blades are mounted in a spiral manner on the center shaft. This shaft rotates at high speed, resulting in the cutting of lawn grass and weed plants. Lawn mowers are an important part of various gardening activities, such as grass cutting and evenly surfacing lawns. The lawn mowers segment accounted for the largest market share of 24.88% in 2019.
Based on the tool holder, the global gardening tools market has been segmented into engine tools and hand tools. The engine tools segment accounted for a larger market share of 64.71% in 2019. Engine tool is a device that needs a power source apart from manual labor for operating. The engine tools segment is further bifurcated into internal combustion engine (ICE) and electrical. There are numerous gardening engine tools such as pressure washers, hedge trimmers, chipper/shredders, lawn vacuum, cultivators, string trimmers, irrigation sprinklers, hedge trimmers, lawn aerators, lawn sweepers, trenchers, leaf blowers, chainsaws, and mini-tractors.
Based on end use, the global gardening tools market has been segmented into commercial and residential. The commercial segment accounted for a larger market share of 59.77% in 2019. Gardening in commercial areas includes schools, buildings, offices, and hospitals. The increasing environmental concerns and growing nutrition problems are creating increased awareness regarding greenery around commercial areas. For instance, the government and manufacturers are extensively promoting the potential of school gardening. For instance, The RHS campaign for school gardening in Europe motivates and supports schools to provide children with gardening opportunities to enhance their skills and boost their development.
Based on distribution channel, the global gardening tools market has been segmented into store-based and non-store-based. The store-based segment accounted for a larger market share of 62.32% in 2019. The choice of appropriate tools from offline stores with human assistance followed by the benefit of touch and feel of the product is majorly driving the store-based distribution channel. Also, the convenience of immediate delivery of the product through offline stores is further aiding the segmental growth.
Regional Analysis
On the basis of region, the global gardening tools market has been categorized as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, North America dominates the market share with the growing demand for equipment for landscaping activities. Industry players are undergoing acquisitions to enhance the product portfolio. For instance, Briggs & Stratton announced the acquisition of Hurricane, Inc., a manufacturer of leaf blowers to develop its gardening products for commercial application. In addition, the rising standard of living and the improvement in the lifestyle of Canada's urban dwellers are some of the contributing factors that are forcing corporate offices to make choices about landscaping their open spaces. Therefore, political changes, geographic and demographic suitability, and the deployment of advanced technology are the major factors expected to propel the gardening equipment market in North America. Europe accounted market share of 24.17% of the global gardening tools market in terms of value in 2019. France, the UK, and Germany were the key contributors to the growth of the European market in 2019. Europe contributes a significant share with increasing community engagement in the implementation of green spaces and landscaping expenditure. Increasing focus on product development and R&D from industry players to gain market share will support market expansion. In terms of revenue, the Asia-Pacific market was valued at USD 14,174.72 million in 2019 and is projected to generate USD 112.09 Billion by 2027, at 4.51% CAGR from 2020 to 2027. Improving economic conditions in this region has led to urbanization and an upsurge in-housing activities contributing to the increasing demand for the market. South America holds a market share of 4.90% of the market in 2019, with Brazil being the major contributing country in the region. Conductive weather conditions supporting the growth of a vast variety of vegetations in the region have promoted the growth outlook of gardening tools. The growing economy and increasing disposable income have augmented consumer interest in lawn and backyard beautification. The Middle East & Africa market is projected to witness a substantial growth rate of 3.52% during the review period to reach a market size of USD 7,639.28 million by 2027. High level of urbanization and increasing government participation in incorporating vegetation in the urban areas are the major factors set to drive the middle east market.
Key Findings of the Study:
- The global gardening tools market is projected to register a growth rate of 4.51% from 2020 to 2027.
- The lawn mowers segment is estimated to retain its prominent share till 2027 whereas, the pruning tools segment is projected to record the highest CAGR of 4.27% during the forecast period.
- The engine tools segment accounted for a larger market share of 64.71% in 2019 and is expected to exhibit a CAGR of 4.06% during the review period.
- The commercial segment accounted for the largest market share of 59.77% in 2019 and is projected to register the highest CAGR of 4.06% during the forecast period.
- The store-based segment is estimated to retain its dominant share till 2027, whereas the non-store-based segment is estimated to register the highest growth rate of 4.19% during the forecast period.
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Base Year | 2022 |
Companies Covered | 15 |
Pages | 110 |
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