Lawn and Garden Equipment Market Segments 2021: COVID-19 Impact: Business Strategies, Future Growth Study, Industry Key Growth Factor Analysis and Competitive Landscape
Market Overview
Global
Lawn and Garden Equipment Market in terms of volume is estimated to reach USD
47 Million units by 2026, registering a 13.04% CAGR during the forecast period.
The
report covers segmentation and market dynamics for a better glimpse of the
market in the coming years. Lawn & garden equipment are garden tools used
for cutting, trimming, aligning, and maintaining the structure of the lawns and
gardens. With advancements in science and technology, materials such as
aluminum, steel, and iron have been used to develop several types of lawn &
garden equipment such as lawnmower, snow throwers, trimmers, and walk-behind
mowers.
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Regional Analysis
Based
on region, the report on the global lawn and garden equipment market has been
segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The
demand for gardening is moderate all-over the world. However, the impact of
rising technological advancement is expected to shift from moderate to high
over the forecast period. This is attributed to the rising purchasing power,
increasing individual income, changing lifestyles, economic growth and
urbanization.
Segmental Analysis
Global
Market for lawn and garden equipment has been segmented based on Type and End
Use.
Based
on type, the global market has been segmented into lawn rider, lawn ZTR, walk
behind, snow throwers, and trimmers and edgers. In 2019, the trimmers and
edgers segment accounted for the largest market share of 50%, with a market
shipment of 16 million. It is projected to register a 12.72% CAGR during the
projected timeframe.
Based
on the End Use, the global market has been segmented into residential and
commercial. In 2019, the residential segment accounted for the largest market
share of 73%, with a market value of USD 17,926 million. It is projected to
register a 13.36% CAGR over the forecast period.
Competitive Analysis
The
global lawn and
garden equipment market is characterized by the presence of
many local, regional, and global vendors. The market is highly competitive,
with all the players continually competing to gain a larger market share. High
competition, rapid advances in technology, frequent changes in government
policies, and stringent environmental regulations are some of the critical
factors that could restrain the market growth. The vendors compete in terms of cost,
product quality, reliability, and aftermarket services. Vendors must provide
cost-effective and efficient products to survive and succeed in a competitive
market environment.
The
growth of the vendors is dependent on market conditions, government support,
and industrial development. Thus, the vendors should focus on expanding their
presence and improving their services. The Toro Company, MTD, Kubota
Corporation, Briggs & Stratton Corporation, Husqvarna Group, and Deere
& Company are a few of the key players operating in the global market.
These companies compete in terms of availability, quality, price, and
technology and consider product development as their key growth strategy in the
global lawn and garden equipment market. Although the international players
dominate the market, regional and local players with small market shares also
have a significant presence. The international players may strengthen their
presence in the global market by heavily investing in product development
during the forecast period.
1.Executive Summary
Table of content
1.1 market attractiveness analysis
1.1.1 global lawn and garden equipment market, by
type
1.1.2 global lawn and garden equipment market, by
end use
1.1.5 global lawn and garden equipment market, by
region
2.List of Tables
Table 1 list of assumptions 27
Table 2 global lawn and garden equipment market, by
type, 2017–2026 (thousand units) 43
Table 3 global lawn and garden equipment market, by
type, 2017–2026 (usd million) 43
Continued..
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List of Figures
Figure 1 market synopsis 16
Figure 2 global lawn & garden equipment market
analysis, by type 17
Figure 3 global lawn & garden equipment market
analysis, by end use 18
Figure 4 global lawn & garden equipment market
analysis, by region 19
Continued..
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