Global Power Lawn and Garden Equipment Market: Snapshot
The global power lawn and garden equipment market featured by high competition is dominated by large international players. Key players in the market are focused on technological innovations and introduce novel products such as robotic and battery-powered outdoor lawnmowers to stay competitive. Acquisitions and partnerships with regional or local companies is what leading companies have resorted to expand their geographical presence.
Some of the primary growth drivers of the global power lawn and garden equipment market include economic revival, rebound of home remodeling activities, and increasing indulgence in garden parties. An increasing number of do-it-yourself gardeners is also having a positive influence on the global power lawn and garden equipment market.
On the other hand, posing a challenge to the growth of power lawn and garden equipment market is disruptions in retail market for garden products and unfavorable natural calamities.
A report by Transparency Market Research estimates the global power lawn and garden equipment market to reach a valuation of US$96,832.1 mn by the end of 2025, expanding at a CAGR of 4.8% between 2017 and 2025.
High Spending on Outdoor Living makes North America Leader
The segments of the power lawn and garden equipment market based on equipment type are lawnmower, trimmer and edger, snow thrower/blower, rotary tiller, blower, vaccum, and sweeper, and others. The segment of mower can be further sub-segmented into riding (garden/turf tractor) and non-riding. Amongst all, lawnmowers held the leading share of the global power lawn and garden equipment market in 2016. The increasing demand for lawnmowers from the commercial sector such as golf courses, and the increasing spending on garden equipment for residential use is having a positive bearing on lawnmowers equipment type segment.
Based on application, the residential segment is expected to display the leading CAGR over the forecast period. This is mainly because of increasing number of single family homes and capability for discretionary purchase of garden products in developed countries of North America and Western Europe. Consumers in these regions also engage professional landscaping and redesigning services for development of their garden spaces. These factors are expected to lift the demand for power lawn and garden equipment for residential use. Nevertheless, the commercial segment is expected to display exponential growth in the forthcoming years.
Lifestyle Upgrades to Catapult Asia Pacific Market
The key regional segments of the global power lawn and garden equipment market include North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America, amongst all, held the leading share of more than 50% of the global power lawn and garden equipment market in 2015. High income levels leading to increased spending on outdoor living spaces and increasing indulgence in garden parties and backyard cooking are the key factors for the significant share of the market.
Europe with the leading CAGR is expected to be a significant regional market over the forecast period. This is mainly due to gaining consumer confidence post the economic slump of 2007 and a large retired baby boomer and ageing population that are indulging in gardening as a pastime activity. These factors are expected to have a positive bearing on the Europe power lawn and garden equipment market.
Asia Pacific market for power lawn and garden equipment is expected to display significant growth over the forecast period. Lifestyle upgrades leading to increased indulgence in outdoor living and an increasing number of consumers in urban areas opting for gardening as a leisure activity are key factors behind the growth of this regional market.
Key companies operating in the global power lawn and garden equipment market profiles in the report are ANDREAS STIHL AG & Co. KG, BLACK+DECKER Inc., Briggs & Stratton, Deere & Company, ECHO INCORPORATED, Husqvarna AB, Kohler Co., Makita Corporation, MTD Products Incorporated, Snow Joe LLC, Textron Incorporated, and Toro Company.
Global Power Lawn and Garden Equipment Market: Overview
This report on the global power lawn and garden equipment market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global power lawn and garden equipment market growth during the said period. Equipment type that are playing a major role in driving the global power lawn and garden equipment market have also been covered in the report. The study provides a comprehensive analysis on market growth throughout the above mentioned forecast period in terms of revenue estimates (in US$ Mn), across different geographies. Power lawn and garden equipment are used for irrigation, mowing, thatch control, and fertilizing in garden and lawn. These equipment help in maintaining a healthy, high-quality and dense lawn. Power lawn and garden mower has progressed from the traditional hand mowers to automatic gas and electric mowers.
Global Power Lawn and Garden Equipment Market: Market Segmentation
The power lawn and garden equipment market has been segmented on the basis of equipment type and application. Based on equipment type, the market has been further classified into mower (riding (garden/turf tractor), non-riding), trimmer & edger (wire blade trimmer, fixed blade trimmer, hedge trimmer), snow thrower/blower (single stage, dual stage), rotary tiller, blower, vacuum, and sweeper, and others (sprayer, sprinkler). By application, the market is further classified into residential and commercial segments.
Geographically, the report classifies the global power lawn and garden equipment market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, the study also includes quantitative analysis of the competitive scenario for region wise prominent countries. These countries include the U.S, Canada, Germany, France, the U.K., China, India, Japan, UAE, Saudi Arabia, South Africa, Brazil and Argentina. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025.
Global Power Lawn and Garden Equipment Market: Scope of Study
The report also includes key market indicator in the power lawn and garden equipment market. Porter five force analysis is also included in the report. Value chain Analysis which identifies the process of distribution of the product in the power lawn and garden equipment is also covered in the report. The report also covers segment wise comparison matrix and market positioning analysis for all regions covered in the scope of our research. The report also includes market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments’ market attractiveness on the basis of CAGR and market share index.
The report also includes competition landscape which covers competition matrix, market position analysis of major players in the global power lawn and garden equipment market based on their 2016 revenues, profiling of major players (power lawn and garden equipment provider). Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are included to explain the company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.
Global Power Lawn and Garden Equipment Market: Competitive Landscape
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for past years. The key players profiled in the global power lawn and garden equipment market include ANDREAS STIHL AG & Co. KG, BLACK+DECKER Inc., Briggs & Stratton, Deere & Company, ECHO INCORPORATED, Husqvarna AB, Kohler Co., Makita Corporation, MTD Products Incorporated, Snow Joe, LLC, Textron Incorporated, and Toro Company.
The global power lawn and garden equipment market is segmented as below:
Global Power Lawn and Garden Equipment Market, By Equipment type
- Riding (Garden/Turf Tractor)
- Trimmer & Edger
- Wire Blade Trimmer
- Fixed Blade Trimmer
- Hedge Trimmer
- Snow Thrower/Blower
- Single Stage
- Dual Stage
- Rotary Tiller
- Blower, Vacuum, and Sweeper
- Others (Sprayer, Sprinkler)
Global Power Lawn and Garden Equipment Market, By Application
Global Power Lawn and Garden Equipment Market, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America