Market Scenario
Global gardening equipment market to hit market size of US$ 110.47 billion by 2031 from US$ 67.85 billion in 2022 at a CAGR of 5.89% during the forecast period, 2023–2031.
The market growth is primarily driven by increasing popularity of gardening and outdoor living, especially among urban populations. The adoption of smart gardening technologies, such as robotic lawnmowers and automated watering systems, is also expected to fuel market growth. Hand tools such as shovels and pruning shears dominate the market, but power tools such as lawnmowers and hedge trimmers are expected to experience strong growth.
The global gardening equipment market is experiencing growth due to a variety of factors. One of the primary drivers is the increasing popularity of gardening and outdoor living, especially among urban populations. This is due to a greater awareness of the health benefits of spending time in nature, as well as a desire to create green spaces in homes and communities.
Additionally, the adoption of smart gardening technologies is contributing to market growth, as consumers seek out equipment that is efficient and time-saving. For instance, the affordability and accessibility of robotic lawnmowers and automated watering systems are expected to fuel market growth. The market is also being driven by the rising middle class in emerging economies, particularly in the Asia Pacific region. As incomes increase, consumers in these markets can increasingly afford gardening equipment, which is expected to drive growth in the market.
Moreover, the COVID-19 pandemic has further contributed to the growth of the gardening equipment market, as people spent more time at home and looked for ways to enhance their outdoor living spaces.
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Market Dynamics
Increasing Popularity of Gardening and Outdoor Living
With the growing awareness of the health and wellness benefits of spending time in nature, there has been a surge in the popularity of gardening and outdoor living activities. More people are recognizing the benefits of creating green spaces in their homes and communities, which has led to an increase in demand for gardening equipment such as lawnmowers, trimmers, and leaf blowers. This trend is expected to continue as people look for ways to improve their overall health and well-being.
Adoption of Smart Gardening Technologies
The adoption of smart gardening technologies, such as robotic lawnmowers and automated watering systems, is driving the growth of the gardening equipment market. These technologies are designed to be more efficient and time-saving, which appeals to consumers who want to make the most of their outdoor living spaces. As these technologies become more affordable and accessible, they are expected to fuel growth in the market over the forecast period.
Rising Middle Class in Emerging Economies
The gardening equipment market is being driven by the growing middle class in emerging economies, particularly in the Asia Pacific region. As incomes rise, consumers in these markets are increasingly able to afford gardening equipment, which is expected to drive growth in the market. In addition, as more people in these regions move into urban areas, there is a growing demand for equipment that can be used in smaller spaces such as balconies and rooftops.
Trend Analysis
One of the emerging trends in the gardening equipment market is the increasing focus on sustainability and eco-friendliness. With growing concerns about the environmental impact of gardening equipment, consumers are increasingly seeking out products that are more sustainable and eco-friendlier.
Manufacturers are responding to this trend by developing products that use less energy, produce fewer emissions, and are made from more sustainable materials. For example, battery-powered gardening tools are becoming more popular as they produce fewer emissions compared to gasoline-powered tools. Additionally, manufacturers are using more sustainable materials, such as recycled plastic and biodegradable materials, in the production of gardening equipment.
Another trend in the market is the rise of smart gardening technologies. As mentioned earlier, the adoption of smart gardening technologies such as robotic lawnmowers and automated watering systems is driving the growth of the gardening equipment market. These technologies are designed to be more efficient and time-saving, which appeals to consumers who want to make the most of their outdoor living spaces. As these technologies become more advanced and affordable, they are expected to become even more popular in the market.
The growth of e-commerce is also a notable trend in the gardening equipment market. More consumers are turning to online retailers to purchase gardening equipment, as it provides them with convenience and access to a wider range of products. Manufacturers and retailers are responding to this trend by investing in their online presence, such as developing user-friendly websites and mobile applications.
Segmental Analysis
By Product Type:
The gardening equipment market is segmented into hand tools, lawnmowers, trimmers and edgers, and others. Trimmers and edgers dominate the market with over 24% market share. This is because these tools are essential for maintaining the appearance and health of lawns and gardens. Trimmers and edgers are popular among both commercial and residential users due to their versatility and efficiency. Additionally, advancements in technology have led to the development of cordless and battery-operated trimmers and edgers, which are more convenient and eco-friendlier.
By Mode of Operation:
The market is segmented into electric, gas-powered, and manual modes of operation. Electric tools are expected to dominate the market with 40% market share. This is because electric tools are more environmentally friendly and easy to use compared to gas-powered tools. Electric tools are also preferred due to their lower noise levels and lower maintenance costs. With the increasing availability of battery-powered options, the electric segment is expected to see significant growth in the coming years.
By Application:
The gardening equipment market is segmented into commercial and residential applications. The commercial segment is expected to dominate the market with a 43% market share. This is due to the high demand for landscaping and lawn maintenance services in the commercial sector. This segment includes equipment such as industrial lawn mowers, hedge trimmers, and other power tools used by professional landscapers and groundskeepers. The residential segment is also expected to grow, as more homeowners are investing in their outdoor living spaces and maintaining their lawns and gardens.
By Distribution Channel:
The gardening equipment market is segmented into online and offline distribution channels. The offline segment is expected to dominate with more than 73% of the market share. This is due to the preference of customers to physically inspect the product before purchasing. Additionally, the presence of brick-and-mortar stores in the market provides an opportunity for manufacturers to showcase their products and offer personalized services to customers. However, the online segment is expected to grow, as more customers are turning to online retailers for convenience and a wider range of products. Manufacturers and retailers are responding to this trend by investing in their online presence and developing user-friendly websites and mobile applications.
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Regional Analysis
According to market research, North America is expected to dominate the global gardening equipment market with a revenue share of more than 33%. This is due to the increasing popularity of gardening and outdoor living activities among consumers in the region. In addition, the growing awareness of the health and wellness benefits of spending time in nature is driving demand for gardening equipment.
North America is home to a large number of affluent and environmentally conscious consumers who are willing to invest in high-quality gardening equipment. The region also has a well-established gardening and landscaping industry, which is driving demand for commercial gardening equipment. Moreover, the presence of major manufacturers and distributors of gardening equipment in North America is contributing to the growth of the market.
The increasing adoption of smart gardening technologies is also expected to drive growth in the North American market. Consumers in the region are increasingly seeking out efficient and time-saving equipment such as robotic lawnmowers and automated watering systems. These technologies are becoming more affordable and accessible, which is expected to fuel growth in the market. Additionally, the impact of the COVID-19 pandemic has also played a role in driving growth in the North American gardening equipment market. With restrictions on travel and indoor activities, more people turned to gardening as a way to stay active and connect with nature. This led to an increase in demand for gardening equipment as people looked to create their own green spaces at home.
Top Players in the Global Gardening Equipment Market:
Market Segmentation Overview
By Product Type
By Mode of Operation
By Application
By Distribution Channel
By Region:
The Global Gardening Equipment Market was valued at US$ 67.85 Bn in 2022.
The market is estimated to register a CAGR of 5.89% during the forecast period.
Growing interest in gardening and landscaping and increasing awareness about environmental conservation are driving the market growth.
High cost associated with maintenance of gardening equipment is acting as a restraint for market growth.
The various segmentations considered to analyse market growth are based on product type, mode of operation, application, and distribution channel. and region.
Technological advancements in gardening equipment are expected to provide an opportunity for market growth.
Trimmers & Edgers segment held the highest segmental share in 2022.
Water Equipment product type is expected to grow with a highest CAGR.
By mode of operation, global gardening equipment market is segmented into manual, engine, electric (corded tools and cordless tools (battery). Of these, electric mode of operation holds the highest share.
Commercial application held the highest share in 2022.
Offline sales channels held the largest share in the market.
North America dominates the Global Gardening Equipment Market in 2022.
The key players in the Gardening Equipment Market are Fiskars Brands, Inc., Honda Motor Co. Ltd., Husqvarna Group, Kubota Corporation, MTD Products, Inc. among others.
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