The global gardening equipment market is expected to reach
USD 102.3 billion by 2025, according to a new report by Grand View Research,
Inc. Mounting investments in the novel gardening tools to replace the old
equipment is expected to be a major factor spurring market growth. The rising
housing activity capacity to meet the ever growing population’s demand is
estimated to act as a key driver augmenting growth. Never the less, the
seasonal variation witnessed by the manufacturers is estimated to challenge the
industry over the near future.
The global gardening equipment market is anticipated
to witness high growth over the forecast period. This may be accredited to the
advent of technologically advanced products such as battery powered hand tools
and robotic lawnmowers. Further, remote controlled and GPS-equipped lawnmowers
are expected to gain traction in the near future, thereby spurring equipment
sales.The rising espousal of gardening as a hobby is expected to further
catapult equipment market growth over the next nine years.
Full
Research Report On Global Gardening Equipment Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/gardening-equipment-market
www.grandviewresearch.com/industry-analysis/gardening-equipment-market
Further
key findings from the study suggest:
- The lawnmowers segment captured over 30% of the
total revenue in 2015 and is projected to exhibit a significant growth at
a CAGR of over 4.0% from 2016 to 2025, whichis attributed to their
extensive usage in the commercial complexes such asshopping centers,
hospitals, churches and public parks.
- On account of the wide scope of purposes
gardening equipment serve in trimming, cutting and shaping the plants
& shrubs at the residential complexes, the residential segment is
expected to gain prominence over the forecast period withan estimated CAGR
exceeding2.0%.
- Asia Pacific emerged as the fastest growing
market and is expected to grow at a healthy compound annual growth rate of
over 3.0%, which is primarily due to the improved social lifestyle of the
escalating base of wealthy middle-class population in the region.
- The key purveyors in this industry comprise
Deere & Company, Toro, Bosch Power Tools, MTD Products, Honda and
Husqvarna Group, as the international players hold a strong foothold in
the market making it difficult for the local suppliers to compete.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/hvac-and-construction-technologies
www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the global gardening equipment market
on the basis ofproduct, end-use,and region:
Gardening
Equipment Product Outlook (Revenue, USD Billion; 2014 - 2025)
- Hand
Tools
- Weeder
- Cape
Cod Weeder
- Paving
Weeder
- Fishtail
Weeder
- Hoe
- Shears
& Snips
- Others
- Lawnmowers
- Trimmers
& Edgers
- Water
management Equipment
- Others
Gardening
Equipment End-Use Outlook (Revenue, USD Billion; 2014 - 2025)
- Residential
- Commercial/Government
Gardening
Equipment Regional Outlook (Revenue, USD Billion; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K
- Germany
- France
- Italy
- Netherlands
- Denmark
- Finland
- Spain
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
Access Press Release Of This Research Report
By Grand View Research:
www.grandviewresearch.com/press-release/global-gardening-equipment-market
www.grandviewresearch.com/press-release/global-gardening-equipment-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More
Information: www.grandviewresearch.com
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