Lawn and Garden Equipment Market Report H2, 2024

Global Lawn and Garden Equipment Market

Dublin, August 12, 2024 (GLOBE NEWSWIRE) — The report “Power Lawn and Garden Equipment – Global Strategic Business Report” has been added to The Offer.

The global lawn and garden equipment market is valued at USD 81.1 billion in 2023 and is expected to reach USD 110.7 billion by 2030, growing at a CAGR of 4.5% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

Growth in the lawn and garden equipment market is driven by several factors. First, the increasing trend of making gardening and landscaping hobbies as more people spend time at home is significantly increasing demand. Second, technological advancements, particularly in battery technology and smart features, are making equipment more efficient, easier to use and environmentally friendly, thus attracting a larger consumer base. Increasing awareness of the environmental impact of gasoline-powered equipment is also driving consumers to choose electric and battery-powered alternatives.

Additionally, the spread of DIY culture and the growing popularity of outdoor living spaces are encouraging more homeowners to invest in quality lawn and garden equipment. The growth of e-commerce platforms is making it easier to access a wide range of products and allowing consumers to make informed purchasing decisions from the comfort of their own home. Finally, higher disposable incomes and the availability of advanced features at competitive prices are driving market growth and ensuring that consumers have access to the latest lawn and garden equipment technologies.

Key findings:

• Market Growth: Understand the significant growth curve of the electrical appliances segment which is expected to reach $45.5 billion by 2030 at a CAGR of 5.5%. The battery-powered appliances segment is also expected to grow at a CAGR of 4.7% during the analysis period.

• Regional Analysis: Gain insights into the US market, estimated to reach $22.1 billion in 2023, and China, which is forecast to grow at an impressive CAGR of 7.7% per year to reach $22.8 billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

The story continues

Why you should buy this report:

• Detailed Market Analysis: Get access to a thorough analysis of the global Lawn and Garden Equipment market, covering all major geographic regions and market segments.

• Competitive insights: Get an overview of the competitive landscape, including the market presence of key players in different regions.

• Future Trends and Drivers: Understand the key trends and driving forces shaping the future of the global Lawn and Garden Equipment market.

• Actionable insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key questions answered:

• How is the global lawn and garden equipment market expected to develop by 2030?

• What are the key drivers and restraining factors affecting the market?

• Which market segments will grow the most during the forecast period?

• How will the market shares of different regions and segments change by 2030?

• Who are the leading players in the market and what are their prospects?

Important features

Key topics covered

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

• Insights into the influencer market

• World market development

• Global economic update

• Lawn and Garden Equipment – Percentage Market Share of Major Competitors Worldwide in 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. Focus on selected players

3. MARKET TRENDS AND DRIVERS

• Increasing interest in home and landscaping drives market growth

• Technological innovations in lawn equipment are driving market demand

• Increasing use of electric and cordless tools expands market opportunities

• The focus on ergonomic and user-friendly design increases the attractiveness of the product

• Growing DIY culture and home improvement trends support market growth

• Integration of intelligent technology and automation promotes innovation

• Expansion of urban green spaces creates demand for lawn equipment

• Rising disposable income drives consumer spending

• Focus on durability and low maintenance strengthens market position

• Increasing popularity of robotic lawnmowers drives market growth

• Seasonal demand and garden trends accelerate sales

• Development of noise reduction and safety features increases the attractiveness of the product

• Expansion of online trade and e-commerce channels facilitates market access

4. GLOBAL MARKET PERSPECTIVE

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/7v89ru

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900