Global Power Lawn And Garden Equipment Market Overview
The Power Lawn And Garden Equipment Market Size was estimated at 152.99 (USD Billion) in 2022. The Power Lawn And Garden Equipment Industry is expected to grow from 157.45(USD Billion) in 2023 to 204.1 (USD Billion) by 2032. The Power Lawn And Garden Equipment Market CAGR (growth rate) is expected to be around 2.92% during the forecast period (2024 - 2032).
Key Power Lawn And Garden Equipment Market Trends Highlighted
Key market drivers for power lawn and garden equipment include rising disposable income, increasing urbanization, and growing demand for outdoor living spaces. The increasing popularity of smart home technology is also driving demand for automated and connected lawn and garden equipment.Opportunities to be explored in the power lawn and garden equipment market include the development of new and innovative products, such as robotic mowers and self-watering systems. There is also potential for growth in the rental market for lawn and garden equipment as consumers seek to avoid the cost of ownership and maintenance.Recent trends in the power lawn and garden equipment market include the increasing popularity of battery-powered equipment. Battery-powered equipment is more environmentally friendly than gas-powered equipment, and it is also quieter and easier to use. Another trend is the growing demand for multi-function equipment. Multi-function equipment can perform multiple tasks, such as mowing, trimming, and edging, which saves consumers time and money.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Power Lawn And Garden Equipment Market Drivers
- Rise in Demand for Advanced Features and Smart Technologies
The major industry for the Power Lawn And Garden Equipment Market is the increasing demand for advanced features and smart technologies. In the present era, with the development in technology, customers prefer advanced features such as equipment with or without self-propulsion, mulch-holding capabilities, and remote operating equipment. Smart technologies such as automatic watering systems and GPS systems are also gaining more demand in the market since they save time and provide high efficiency.The growth of the given market is highly driven by these factors.
Increasing Adoption of Electric and Battery-Powered Equipment
The increasing adoption of electric and battery-powered equipment is another key driver of the Power Lawn And Garden Equipment Market Industry. Electric and battery-powered equipment offer a number of advantages over traditional gasoline-powered equipment, including lower operating costs, reduced emissions, and quieter operation. As environmental concerns continue to grow, consumers are increasingly opting for electric and battery-powered equipment.The growing popularity of these eco-friendly options is expected to continue to drive growth in the market.
Expansion of Home Improvement and Outdoor Living Trends
The expansion of home improvement and outdoor living trends is also contributing to the growth of the Power Lawn And Garden Equipment Market Industry. Homeowners are increasingly investing in their outdoor spaces, and power lawn and garden equipment is essential for maintaining a beautiful and functional yard. The growing popularity of outdoor kitchens, fire pits, and other outdoor living features is driving demand for equipment that can help homeowners create and maintain their ideal outdoor spaces.
Power Lawn And Garden Equipment Market Segment Insights:
Power Lawn And Garden Equipment Market Product Type Insights
The Power Lawn And Garden Equipment Market is separated by product type into lawn mowers, trimmers and edgers, chainsaws, blowers and vacuums, tillers and cultivators, and others. Of this, the lawn mowers segment holds the most sizeable share of the market due to their prominent use in residential and commercial landscaping. The increased need for automatic and robotic lawn mowers is driving the demand for this segment. Furthermore, trimmers and edgers are also required to maintain lawns and provide a certain versatility to the landscape.In the case of gardens with hedges and fruit groves planted, the use of trimmers and hedgers will increase. Additionally, cordless electric trimmers and hedgers are more portable than other types, which is expected to increase the demand for the segment. Chainsaws are used predominantly for cutting and uprooting trees and are anticipated to remain a constant requirement in the market. Blowers and vacuums are mainly used for cleaning lawns, roads, pavements, and industrial spaces from leaves, debris, and even snow. The growing demand for cordless and backpack blowers and vacuums is projected to drive the growth of the sector market.Tillers and cultivators are used to prepare the land before planting in farming, gardening, and landscaping, which is likely to ensure the growth of the division. The other segment consists of a wide range of products, such as hedge trimmers, leaf blowers, and snow throwers, which will continue fulfilling specific needs in households, industries, and landscapes in the near future.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Power Lawn And Garden Equipment Market Power Source Insights
The Power Lawn And Garden Equipment Market is bifurcated by Power Sources into Electric, Gasoline, and Battery-Powered. In 2023, the Electric segment accounted for a larger market share of 35.4% and a similar trend is likely to continue over the forecast period 2023-2032. The large share of the segment is due to the increasing adoption of cordless electric power lawn and garden equipment due to convenience, less noise, and fewer emissions. The growth of the Battery-Powered segment is projected to be the fastest during the forecast period.This is because of the rapid uptake of eco-friendly and portable power lawn and garden equipment. The Gasoline segment is projected to hold a considerable market share, especially in the regions with substantial space for Lawns and gardens, as the equipment is high in power and performance.
Power Lawn And Garden Equipment Market End-User Insights
The Power Lawn And Garden Equipment Market is segmented by End-User into Residential, Commercial, and Professional. Among these segments, the residential segment is expected to hold the largest market share in 2023, owing to the increasing number of homeowners and the growing popularity of outdoor living spaces. The commercial segment is also expected to grow significantly, driven by the increasing demand for lawn care services from businesses and institutions. The professional segment is expected to grow at a steady pace, driven by the increasing demand for landscaping services from professional landscapers.
Power Lawn And Garden Equipment Market Price Range Insights
With growing consumer demand for sophisticated and feature-rich lawn and garden equipment, the Premium segment holds a significant market share in the Power Lawn And Garden Equipment Market. This segment includes products with advanced features, such as robotic mowers, zero-turn mowers, and riding mowers, which offer enhanced convenience, efficiency, and precision. The Premium segment is expected to continue its growth trajectory and contribute substantially to the overall Power Lawn And Garden Equipment Market revenue. In contrast, the Economy segment caters to value-conscious consumers who prioritize affordability.This segment includes basic and entry-level products such as push mowers and string trimmers. While the Economy segment accounts for a smaller market share compared to the Premium segment, it plays a crucial role in meeting the needs of budget-constrained consumers. The Mid-Range segment represents a balance between affordability and functionality. This segment offers products with enhanced features and capabilities compared to the Economy segment but at a more accessible price point than the Premium segment. Mid-range products include self-propelled mowers, lawn tractors, and hedge trimmers.The Mid-Range segment is expected to witness steady growth due to its appeal to consumers seeking a balance between value and performance.
Power Lawn And Garden Equipment Market Regional Insights
The Power Lawn And Garden Equipment Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth in this region can be attributed to the increasing demand for power lawn and garden equipment from homeowners and professional landscapers. Europe is expected to be the second-largest market, followed by APAC. The Asia-Pacific region is expected to witness significant growth over the forecast period due to the increasing disposable income and urbanization in countries such as China and India.South America and MEA are expected to experience moderate growth over the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Power Lawn And Garden Equipment Market Key Players And Competitive Insights:
Power Lawn And Garden Equipment Market industry major players are focused on offering their customers reliable and efficient products. Leading players in the Power Lawn And Garden Equipment Market have been heavily investing in research and development activities to offer products based on the latest technological standards, customer demands and product efficiency. The competitive landscape of the Power Lawn And Garden Equipment Market is characterized by major global and regional industry players. Key players in Power Lawn And Garden Equipment Market industry are using various strategies to increase their market share. Some companies focus on product innovation, partnerships, or acquisitions with competitors and vendors, while other Power Lawn And Garden Equipment Market players enhance their product and customer support services. Xbox business expansion is another strategy these players use. Power Lawn And Garden Equipment Market industry development is primarily driven by factors such as rising disposable income, increasing urbanization and demand for outdoor living spaces.John Deere, Husqvarna and Stihl are major players in Power Lawn And Garden Equipment Market industry. All these players offer a range of products based on Power Lawn And Garden Equipment Market. Key products offered are lawn mowers, trimmer and chain saws. These companies are known for the quality of their products, strength and durability. John Deere is one of the leading players in the agricultural equipment industry. The company offers products such as lawn mowers, tractors and utility vehicles. John Deere’s products, customer service and customer support are exceptional. The company has a strong dealer network, which is beneficial for the end customers. Husqvarna is another leading player in the Power Lawn And Garden Equipment Market industry. Key products offered by Husqvarna are also lawn mowers, trimmers and chain saws. The company has a strong focus on innovation and has developed several patented technologies. Husqvarna has an extensive distribution network and excellent customer service. Toro Inc. is one of competitors of Xbox in the Power Lawn And Garden Equipment Market industry. Toro's product range is also diverse and includes lawn mowers, trimmers and snow blowers. Toro’s focus is also on innovation, and the company has several patented technologies. Toro also has a strong distribution network and excellent customer service. The company is expanding its distribution network and also spends a lot on research and development activities. Toro has the possibility of growing rapidly in the power lawn and garden equipment market industry in the future.
Key Companies in the Power Lawn And Garden Equipment Market Include:
- Husqvarna AB
- Makita Corporation
- Stanley Black Decker
- Stihl
- TroyBilt LLC
- Honda Motor Company
- The Toro Company
- Deere Company
- Robert Bosch GmBH
- MTD Products
- Echo Incorporated
- Ryobi Limited
- Greenworks Tools
- Briggs Stratton Corporation
- AriensCompany
Power Lawn And Garden Equipment Market Industry Developments
Recent developments and current affairs in the Power Lawn And Garden Equipment Market indicate steady growth, driven by rising demand for outdoor living spaces and increasing disposable income. The market is expected to reach USD 204.1 billion by 2032, expanding at a CAGR of 2.92% from 2024 to 2032. Key trends include the adoption of robotic lawnmowers and other autonomous equipment, as well as growing consumer preference for eco-friendly and sustainable products. The market is also witnessing increasing investments in RD and product innovation, with a focus on enhancing efficiency, durability, and user experience. Mergers and acquisitions are expected to shape the competitive landscape as industry players seek to expand their market share and enhance their product portfolios.
Power Lawn And Garden Equipment Market Segmentation Insights
- Power Lawn And Garden Equipment Market Product Type Outlook
- Lawn Mowers
- Trimmers and Edgers
- Chainsaws
- Blowers and Vacuums
- Tillers and Cultivators
- Other
- Power Lawn And Garden Equipment Market Power Source Outlook
- Electric (Corded and Cordless)
- Gasoline
- Battery-Powered
- Power Lawn And Garden Equipment Market End-User Outlook
- Residential
- Commercial
- Professional
- Power Lawn And Garden Equipment Market Price Range Outlook
- Economy
- Mid-Range
- Premium
- Power Lawn And Garden Equipment Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
152.99(USD Billion) |
| Market Size 2023 |
157.45(USD Billion) |
| Market Size 2032 |
204.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.92% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Husqvarna AB, Makita Corporation, Stanley Black Decker, Stihl, TroyBilt LLC, Honda Motor Company, The Toro Company, Deere Company, Robert Bosch GmBH, MTD Products, Echo Incorporated, Ryobi Limited, Greenworks Tools, Briggs Stratton Corporation, AriensCompany |
| Segments Covered |
Product Type, Power Source, End-User, Price Range, Regional |
| Key Market Opportunities |
Battery-powered Equipment Growing demand for eco-friendly and low-maintenance options Electric Riding Mowers are Increasing in popularity for large lawns, offering convenience and efficiency. Automated Gardening Tools Rise of smart technology enabling automation and improved productivity Vertical Gardening Systems Space-saving solutions for urban environments are growing in popularity in high-density areas. Customized Equipment Growing trend toward personalized equipment for specific lawn and garden needs |
| Key Market Dynamics |
Growing urbanization, rising disposable income Increasing demand for cordless and automated equipment Government regulations on noise and emissions Environmental concerns driving innovation Technological advancements in battery technology |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Power Lawn And Garden Equipment Market is expected to reach a valuation of 157.45 billion USD in 2023 and is projected to grow at a CAGR of 2.92% to reach 204.1 billion USD by 2032.
North America and Europe are the dominant regions in the Power Lawn And Garden Equipment Market, accounting for a significant share of the revenue. Asia-Pacific is expected to witness substantial growth due to the increasing demand for outdoor power equipment in developing countries.
Power lawn and garden equipment find applications in various sectors, including residential, commercial, and industrial. Residential applications account for the largest share, driven by the growing demand for lawn care and gardening among homeowners.
Major players in the Power Lawn And Garden Equipment Market include Deere Company, Husqvarna Group, Stanley Black Decker, and The Toro Company. These companies offer a wide range of products, including lawn mowers, trimmers, and other outdoor power equipment.
Factors driving the growth of the Power Lawn And Garden Equipment Market include rising disposable income, increasing urbanization, and growing awareness of outdoor aesthetics. Additionally, technological advancements and the introduction of innovative products are contributing to market expansion.
Challenges faced by the Power Lawn And Garden Equipment Market include intense competition, fluctuating raw material prices, and stringent environmental regulations. Additionally, the seasonality of the market and the impact of weather conditions can affect demand.
Emerging trends in the Power Lawn And Garden Equipment Market include the growing adoption of electric and battery-powered equipment due to environmental concerns and advancements in cordless technology. Smart and connected devices are also gaining popularity, offering features such as remote control and data analytics.
The Power Lawn And Garden Equipment Market is expected to continue growing steadily in the coming years. Factors such as increasing urbanization, rising disposable income, and growing demand for outdoor living spaces are expected to contribute to market expansion.
Key opportunities for the Power Lawn And Garden Equipment Market include the expansion into emerging markets, the development of innovative and sustainable products, and the adoption of digital technologies to enhance customer experiences.
Key challenges for the Power Lawn And Garden Equipment Market include intense competition, fluctuating raw material prices, and stringent environmental regulations. Additionally, the seasonality of the market and the impact of weather conditions can affect demand.
