The Power Lawn and Garden Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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The analysis provided by The Business Research Company’s Power Lawn and Garden Equipment Global Market Report 2024 illuminates a compelling narrative of robust growth within the power lawn and garden equipment sector in recent years. Demonstrating an upward trajectory, this market is poised to ascend from $78.82 billion in 2024 to $84.74 billion in the same year, reflecting a noteworthy compound annual growth rate (CAGR) of 7.5%. This surge in market dimensions during the historical period finds its roots in several key factors, including the burgeoning recognition of outdoor lifestyles, rapid urban expansion, heightened demand for landscaping services, the surging preference for automated tools, alongside population expansion and intensified housing densities.
Looking ahead, anticipations remain buoyant, with the power lawn and garden equipment market anticipated to witness robust expansion in the coming years, projected to burgeon to $108.15 billion by 2028, propelled by a CAGR of 6.3%. This optimistic forecast derives impetus from various drivers such as the flourishing landscape of e-commerce, the burgeoning DIY ethos, the sway of weather patterns and seasonal shifts, evolving consumer behaviors, and the escalating enthusiasm for outdoor recreational pursuits. Encompassing the forecast horizon, notable trends are poised to shape the landscape, including the ascendancy of battery-powered apparatuses, the seamless integration of smart technologies, the advent of urban gardening solutions, the optimization of ergonomics and user-centric designs, alongside a wave of technological breakthroughs in robotic lawn care.
The increasing home ownership is expected to propel the growth of the power lawn and garden equipment market going forward. Homeownership refers to the state of owning one's residence or dwelling. Power lawn and garden equipment contribute to the overall care and maintenance of a property, allowing homeowners to create and sustain an appealing and well-kept outdoor environment. For instance, in March 2024, according to the Office for National Statistics, a UK-based government body, in 2024, there were expected to be 28.3 million households in the UK, a 0.7% increase from 28.1 in 2022. Furthermore, The number of families in the UK increased to 19.4 million in 2022. Therefore, the increasing home ownership is driving the power lawn and garden equipment market.
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The power lawn and garden equipment market covered in this report is segmented –
1) By Type: Lawnmowers, Turf And Grounds Equipment, Trimmers And Edgers
2) By Distribution Channel: Direct, Indirect
3) By Application: Household Use, Commercial, Public Application
Amidst this dynamic backdrop, major players within the power lawn and garden equipment domain are fervently engaged in the development of innovative offerings, exemplified by the advent of robotic mowers engineered to mitigate labor intensity while accentuating precision, efficiency, and eco-friendliness. Robotic mowers, heralded as automated, self-propelled contrivances tailored for grass cutting on lawns and analogous green spaces, epitomize a transformative stride in the realm of outdoor maintenance. Noteworthy among these innovations is the Toro RTX 2000, a groundbreaking creation unveiled by The Toro Company, a distinguished US-based manufacturer of outdoor environment equipment, in October 2022. The Toro RTX 2000 stands as a paragon of excellence, leveraging multiple cameras to chart its surroundings and delineate a virtual blueprint of the yard. Equipped with a self-charging docking station, a robust security apparatus, and an intuitive smartphone application, this avant-garde mower epitomizes the pinnacle of robotic mowing technology. Fueled by a lithium-ion battery, the Toro RTX 2000 boasts an impressive operational window of up to two hours on a single charge, underlining its efficacy and reliability in addressing the evolving needs of contemporary lawn care aficionados.
The power lawn and garden equipment market report table of contents includes:
1. Executive Summary
2. Power Lawn And Garden Equipment Market Characteristics
3. Power Lawn And Garden Equipment Market Trends And Strategies
4. Power Lawn And Garden Equipment Market - Macro Economic Scenario
5. Global Power Lawn And Garden Equipment Market Size and Growth
.....
32. Global Power Lawn And Garden Equipment Market Competitive Benchmarking
33. Global Power Lawn And Garden Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Power Lawn And Garden Equipment Market
35. Power Lawn And Garden Equipment Market Future Outlook and Potential Analysis
36. Appendix
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Owing to the intense competition, several players all over the world, have settled themselves in the global power lawn and garden equipment market.
The major players are working upon developing more efficient and energy-saving electric lawnmowers, with the help of newer technologies.
They are also indulging in product differentiation and in improving the product portfolio in the entire market to gain an edge over their competitors.
KG, ANDREAS STIHL AG & Co., BLACK+DECKER Inc., Deere & Company, Briggs & Stratton, ECO INCORPORATED, Kohler Co., Husqvarna AB, Makita Corporation, Snow Joe LLC, MTD Products Incorporated, Toro Company, and Textron Incorporated are among the major players leading in the global power lawn and garden equipment market.As per a recent report by Transparency Market Research (TMR), the global power lawn and garden equipment market is likely to expand at a steady CAGR of 4.8% during the forecast period from 2017 and 2025.
The market is expected to gain a worth of around US$96,832.1 mn by the end of forecast period, 2025.
Interpret a Competitive outlook Analysis Report with PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=547Lawnmower to Lead Global Market Due to Rising Demand in Commercial SectorOn the basis of equipment type, the power lawn and garden equipment market is categorized into trimmer and edger, lawnmower, snow thrower/blower, blower, rotary tiller, sweeper, vacuum, and so on.
Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/7248 UpMarketResearch offers a latest published report on “Global Power Lawn & Garden Equipment Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Secondary research techniques are implemented for better understanding and clarity for data analysis.
