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Global Gardening Equipment Market to Grow at a CAGR of 3.95% During 2022-2027, Driven by the Increasing Disposable Income

According to a new report by EMR titled, ‘Global Gardening Equipment Market Report and Forecast 2022-2027’, the market attained a value of about USD 84.3 billion in 2020. The industry is further expected to grow at a CAGR of 3.95% in the forecast period of 2022-2027.

Increasing demand for commercial spaces and increase in investment by real estate is driving the demand for the gardening equipment industry. With the outbreak of COVID-19, there has been a robust increase in DIY activities among people, especially the youth, leading to a rise in gardening and thereby increasing demand for the gardening equipment market. Increasing demand for organic products among people and rising different trends such as kitchen gardening and several other activities are offering growth opportunities to the industry. Furthermore, increasing investment by the government is fostering the growth of the market. An increase in the geriatric population leads to investing more time in gardens, thereby leading to rising sales for gardening equipment. The market for gardening equipment is expected to grow in forecast years due to improved living standards among individuals.

Increasing innovations, advancements in technology, and new product launches drive the demand for gardening equipment. For example, in October 2018, Honda Power Equipment redesigned the premium lawnmower line-up, which delivers a more powerful new engine, improved performance, sleek minimalist looks for the ultimate mowing experience. Due to the easy availability of gardening equipment on Amazon and Alibaba, the demand is constantly rising. Great offers and discounts on Amazon or Flipkart, like Amazon’s great India festive season sale, every second gardening products and equipment are now sold in the country through online platforms, which drives the market demand for gardening equipment market.

Market Analysis by Product, End-Use, and Region:

  • The market, based on product, can be divided into hand tools, lawnmowers, trimmers and edgers, and water management equipment, among others.
  • The industry can be divided into residential and commercial/government based on end-use.
  • The regional markets for gardening equipment include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • Increasing disposable income among people is driving the market demand for gardening equipment.
  • The growing adoption of organic farming due to increased health consciousness is aiding the market demand.
  • Increasing residential construction projects is offering growth opportunities for the gardening equipment market.
  • The outbreak of COVID-19 has led to the rise in gardening activities due to stay-at-home orders, leading to a rise in industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global gardening equipment industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the product, end-use, and regions of gardening equipment.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global gardening equipment market are Ariens Company, Briggs & Stratton, Deere & Company, Honda Power Equipment, Husqvarna Group, and Falcon Garden Tools, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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