The Lawn & Garden Equipment Market Will Grow At Highest Pace Owing To Increasing Demand For Landscaping Services

Lawn & Garden Equipment Market 

The global lawn & garden equipment market comprises power and hand tools that are used for commercial and residential landscaping purposes. Power lawn & garden equipment include lawnmowers, trimmers, leaf blowers and chainsaws, while hand tools include shovels, rakes, shears and pruners. The commercial sector widely uses power equipment for gardening services and landscape maintenance of public parks, sports fields and golf courses. For residential use, these tools help maintain beautiful lawns and gardens. The demand for landscaping services is rising globally due to increasing spending power and growing focus on outdoor aesthetics.

The Global lawn & garden equipment market is estimated to be valued at US$ 33.97 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the lawn & garden equipment market are Pfizer, Roche, Johnson & Johnson, Novartis, Merck & Co, GlaxoSmithKline, Sanofi, AbbVie, Amgen, AstraZeneca, Bristol-Myers Squibb, Eli Lilly, Teva Pharmaceutical, Bayer, Novo Nordisk, Allergan, Gilead Sciences, Boehringer Ingelheim, Takeda Pharmaceutical, Biogen. The growing interest of consumers in outdoor living spaces and increasing spending on home improvement activities are fueling the demand for Lawn & Garden Equipment Market. Furthermore, technological advancements such as battery-powered equipment and smart devices for precision landscaping are encouraging adoption.

The demand for gardening services and tools is increasing owing to rising disposal incomes and changing lifestyles. Consumers are spending more on enhancing the curb appeal of their homes and beautifying outdoor spaces. The commercial sector is also witnessing significant demand due to frequent requirement of landscape maintenance services from industries such as hospitality, real estate, and sports fields.

New technologies are enabling precision and efficiency in lawn and garden care. Advancements such as battery-powered machinery, autonomous robotic mowers, and smart devices integrated with IoT are supplementing traditional gas-powered tools. These solutions curtail energy consumption and minimize noise/air pollution. The integration of advanced technologies is expected to revolutionize the garden equipment industry.

Market Trends
Sustainable landscaping is gaining prominence due to rising environmental consciousness. Consumers are preferring organic and eco-friendly lawn care practices involving products made from recyclable/compostable materials. Manufacturers are developing green' alternatives to fuel-based machinery.

Battery-operated equipment are becoming increasingly popular compared to traditional gas tools due to their low noise, maintenance and emission levels. Leading companies are heavily investing in electric lawn care solutions to capitalize on this trend.

Market Opportunities

Introduction of IoT and AI-based smart garden equipment - Lawn mowers with IoT and AI capabilities can optimize operations for efficient lawn cutting and trimming. This reduces time/effort spent on lawn maintenance tasks.

Rising DIY culture - Consumers are inclined towards self-maintenance of gardens and lawns rather than hiring professionals. This presents an opportunity to introduce affordable yet robust tools and equipment suitable for personal use.

The COVID-19 pandemic has impacted the growth of Lawn & Garden Equipment market. The pre-COVID scenario saw steady growth owing to rising demand for landscaping services and do-it-yourself activities. However, during COVID-19, lockdowns imposed worldwide disrupted supply chains and saw declining sales. Production facilities were temporarily halted due to shortage of labor and raw materials. This led to reduced manufacturing output and delivery delays.

Meanwhile, demand also dropped significantly as people were confined indoors. Commercial landscaping projects were postponed and postponed projects such as constructing parks and gardens were put on hold. Retail outlets selling lawn and garden equipment remained closed for most part of 2020. However, post lockdowns, pent up demand and increased interest in gardening as a leisure activity during confinement is boosting sales again. Companies are also implementing strategies like expanding e-commerce channels to overcome disruptions in traditional brick and mortar channels. While full recovery may take time, the long term outlook remains optimistic given rising incomes, suburbanization trends and focus on outdoor spaces amid pandemic.

In terms of regions, North America is the largest Lawn & Garden Equipment market with the U.S being the major revenue generator. This can be attributed to factors like large house sizes with expansive yards, high disposable incomes and growth in commercial landscaping industry. Europe is the second largest regional market led by Germany, France and the U.K owing to high focus on aesthetics of public spaces and increasing trend of DIY lawn and garden activities. Asia Pacific is poised to be the fastest growing region on back of rising standards of living, rapid urbanization and growth in horticulture industry in countries like India and China.

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