Global Gardening Equipment Market Projected to Augment at a Notable CAGR during the Forecast Period until 2022

Posted on 2018-10-26 by Mark Hub in Retail // 0 Comments

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As the landscaping business is gaining traction in various industries, demand for technically equipped gardening tools are increasing. With the growing need for well-trimmed lawns in the residential and commercial industries. Moreover, growth of weeds in the garden, lawns, and parks also fuel demand for gardening equipment globally. Besides, preventing growth of weeds, increasing need to maintain the freshness in the garden has led to surge in demand for water sprinklers. Attributed to such factors, the gardening equipment witness surge in demand for lawn maintenance. However, increasing preference for maintaining indoor plants and garden patches in the residential and commercial industry is expected to pose significant threats to growth of the global Gardening Equipment Market.

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According to a recently published report, the global gardening equipment market is expected to grow at a steady pace over the forecast period. The global gardening equipment market is expected to register a moderate CAGR of 4.2% throughout 2022.

Declining Consumption in the Commercial Industry

As need for cleaning debris and maintaining the lawn is increasing in the commercial industries, demand for gardening tools is expected to decline. Maintaining a lawn is slipping out of trends featuring in today attributed to increasing availability of artificial plants. Increasing need to maintain the freshness of the plants and grass, manicured lawn free of debris tags the end users with additional cost. Moreover, daily maintenance is a difficult task for the end users in the commercial industry. Attributes to these challenges of landscaping and maintaining a lawn, end users prefer using artificial plants and grass turfs indoors. The artificial plants, creepers, and grass turfs further add to the ambience of organisation. The end users in the commercial industry also use rocks and mulches as it adds to the décor along with the plant pots indoor. Such factors are expected to fuel demand for gardening equipment in the commercial industry.

Steady Growth in the Sports Industry

Growing need for managing the sports field is expected to rev up demand for gardening equipment in the sports industry. However, surge in demand for maintaining short length of the grass in the field daily continue to pose significant challenges. End users in the sports industry increasingly prefer using artificial grass turfs. This in turn is expected to inhibit demand for gardening equipment in the sports industry.

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Retail Stores to Represent a Leading Segment

Growing demand for lawn manicure in the commercial industry is likely to fuel demand for lawnmower. The lawnmower segment is expected to represent the highest revenue growth, accounting for over US$ 7,000 Mn by the end of 2022. By product type, the paving weeder segment is expected to expected register the highest CAGR in the global gardening equipment market through 2022.

With the increasing demand for lawn mowing and landscaping in the commercial industry, demand for the gardening equipment is expected to remain steady. The commercial segment on the basis of end user is expected to represent over US$ 18,000 Mn by the end of 2017. This segment is expected to register the highest CAGR in the global gardening equipment market through 2022. Sales of gardening equipment is expected to generate significant revenues through retail stores. On the basis of distribution channel, the retail store segment is expected to witness over US$ 14,000 Mn by the end of 2022. The online sales segment as compared to other distribution channels is expected to represent the second highest revenue growth in the global gardening equipment market by the end of 2022.

Competition Tracking

Leading market players operating in the global gardening equipment market include Stanley Black & Decker, Inc., Blount International Inc., Robert Bosch GMBH, Deers and Co., The Toro Co., Kubota Corp., Alamo Group Inc., Briggs and Stratton Corp., The Ames Companies Inc., and Estwing Manufacturing Company Inc.

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