Selbyville, Delaware, Nov. 13, 2019 (GLOBE NEWSWIRE) --
According to a report by Global Market Insights, Inc., lawn & garden equipment market is slated to exceed USD 45 billion by 2025. Proliferating construction activities globally coupled with rising adoption of green roof technologies are driving the lawn and garden equipment market share.
Growing commercial and residential construction projects in emerging economies coupled with changing lifestyle and rising disposable income are driving the lawn & garden equipment market share. Lawn & garden equipment are widely used in public properties such as sport fields and parks. Additionally, growing adoption in developed economies will further boost the industry expansion.
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Some major findings of the lawn & garden equipment market report include:
- Rising technological advancements focusing on improving the cutting operations are supporting the market expansion
- Increasing consumer spending along with International trade agreements are driving adoption of garden equipment
- Supporting government initiatives for green and sustainable environment will provide lucrative opportunity for industry expansion
- The industry is fragmented ion nature with the presence of multiple companies including Deer & Company, Husqvarna Group, MTD Holdings, TTI, and Robert Bosch GmbH
- Product launch along with establishment of logistic centers are the major strategies adopted by industry players to enhance their market share
Electric powered equipment will showcase the highest growth with around 8% CAGR up to 2025 owing to increasing efficiency of equipment. Industry participants are taking initiatives to enhance the battery efficiency to reduce the intermediate charging time. Industry participants are introducing products to serve a large consumer base. For instance, in January 2017, STIHL launched its high-speed battery hedge trimmer offering superior power-to -weight ratio and low operating cost.
Golf course accounted for around one fourth of the revenue share in 2018 and will foresee substantial growth with the presence of multiple golfing facilities across the globe. According to the National Golf Foundation, there are over 38,500 golf courses. Several countries are establishing golfing facilities to attract more participants. For instance, in 2018, Turkmenistan joined the list of golfing countries with inauguration of Ashgabat Golf Club. Surge in golfing facilities will further escalate the lawn & garden equipment demand over the study timeframe.
Browse key industry insights spread across 380 pages with 555 market data tables & 14 figures & charts from the report, “Lawn & Garden Equipment Market Size By Power (Manual, Electric-Powered, Gas-Powered), By End Use (Residential, Golf Courses, Playgrounds), By Operation (Walk behind, Rider), By Product (Blowers, Chain Saws, Cutters & Shredders, Tractors, Lawn Mowers, Sprinkler & Hoses) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lawn-and-garden-equipment-market
Rider lawn and garden equipment tool fill foresee strong growth owing to rising adoption of equipment with the provision for seating. The equipment reduces driver fatigue considerably and enhances the overall output. In February 2018, Deere & Company introduced 100 Series lawn tractors providing comfortable and hassle-free operation. Increasing product availability will further enhance the industry penetration.
Sprinklers & hoses dominate the lawn & garden equipment market size with its installation in the facilities to ensure efficient distribution of water over the area. The facility owners are installing tools and equipment to reduce outdoor water use. According to the U.S. EPA, around 30% of the daily water consumption in the U.S. is devoted to outdoor use. Introduction of technologies including WaterSense in spray sprinklers will induce significant growth potential in the industry landscape.
Asia pacific will showcase a significant growth with over 8% CAGR by 2025 owing to improving economic conditions lead to urbanization and an upsurge in housing activity. Various upcoming sporting events in the region such as 2020 Olympics in Japan and 2022 Winter Olympic games in China have sprung influx of equipment demand to aesthetically enhance the visual appeal of certain hosting stadiums. Further, increasing number of golf courses and playgrounds are also driving the growth for fossil fuel and electric operated mowers.
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Some of the industry participants operating in the lawn & garden equipment market are TTI, MTD holdings, Deer & Company, Honda, Husqvarna Group, Stilh, Kubota, and Robert Bosch. Industry participants are focusing on optimizing their supply chain operations along with introducing new products to drive their product sales.
Partial chapter of report table of contents:
Chapter 2 Executive Summary
2.1 Lawn & garden equipment market 360⁰ synopsis, 2013 - 2025
2.1.1 Business trends
2.1.2 Power trends
2.1.3 End use trends
2.1.4 Operation trends
2.1.5 Product trends
2.1.6 Regional trends
Chapter 3 Lawn & Garden Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2025
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Manufacturers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.5 End-users
3.3.6 Vendor matrix
3.4 Industry best practices & key buying criteria
3.4.1 Need recognition
3.4.2 Information search
3.4.3 Evaluation of alternatives
3.4.4 Purchase decision
3.4.5 Post-purchase behaviour
3.5 Pricing analysis
3.5.1 Regional pricing
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia Pacific
3.5.1.4 Latin America
3.5.1.5 MEA
3.5.2 Cost structure analysis
3.5.2.1 R&D cost
3.5.2.2 Manufacturing & equipment cost
3.5.2.3 Raw material cost
3.5.2.4 Distribution cost
3.5.2.5 Operating cost
3.5.2.6 Miscellaneous cost
3.6 Regulatory landscape
3.6.1 United States Environmental Protection Agency (EPA)
3.6.2 European Commission
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 North America
3.7.1.1.1 High presence of golf courses
3.7.1.2 Europe
3.7.1.2.1 Rising technological advancement
3.7.1.3 Asia Pacific
3.7.1.3.1 Increasing consumer spending and presence of industry players
3.7.1.4 Latin America
3.7.1.4.1 International trade agreements supporting adoption of garden equipment
3.7.1.5 MEA
3.7.1.5.1 Rising government initiatives for green and sustainable environment
3.7.2 Industry pitfalls & challenges
3.7.2.1 High noise, vibration and increased pollution levels
3.8 Growth potential analysis, 2018
3.9 Raw material trends
3.10 Innovation & sustainability
3.10.1 Automated lawnmower
3.11 Porter’s analysis
3.12 Competitive landscape, 2018
3.12.1 Company market share analysis, 2018
3.12.2 Strategy dashboard
3.13 PESTLE analysis
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.