The global landscaping tools market size was valued at USD 29.44 Billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.3% from 2022 to 2028. The global landscaping tools market is expected to witness enormous growth in the upcoming years. The demand for such equipment is expected to be driven by a variety of factors including growing number of residential and commercial construction activities. Rising consumer awareness about the environment and growing popularity of kitchen and indoor gardening is expected to increase the demand for such tools. However, the high cost of the equipment will hamper the profits.
Global Landscaping Tools Market: Regional Insights
The global landscaping tools market is geographically segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America among regions is expected to dominate the global landscaping tools market during the forecast period. This growth is due to growing environmental concerns leading to urbanization, growing focus on green backyards for recreational activities and better air quality, and growing standards of living as well as improved lifestyle in countries such as Canada and the U.S. across the region. According to the Coherent Market Insights, in the U.S. California, New York, and Florida are the states accounting for the major share in landscaping business with nearly 8,288; 6,958; and 8,758 landscaping businesses, respectively.
Furthermore, Asia Pacific is also anticipated to witness substantial growth in the global landscaping tools market over the forecast period, owing to increase in the demand for landscaping and its tools in China. Due to growing environmental concerns and garden beautification, there is a shift in market choices. Moreover, increasing disposable incomes along with growing popularity of backyard activities are leading high demand for landscaping tools in the region. Thus, owing to all these reasons, the region is expected to witness high growth in the market.
Figure 1. Global Landscaping Tools Market Share (%), by Region, 2021
Global Landscaping Tools Market Drivers:
The trend of kitchen/indoor gardening is increasingly becoming popular all over the world, which is expected to propel growth of the global landscaping tools market over the forecast period. In kitchen/indoor gardening, crops are grown in residential houses for meeting household needs, which are increasing in developed economies. Thus, the demand for landscaping tools providing the consumers with convenient and easy measures for gardening is growing all over the world. These tools offer various advantages leading to growing demand for them. Thus, the growing indoor gardening trend is driving the market growth.
Moreover, increasing technological developments in landscaping tools is also anticipated to boost growth of the global landscaping tools market over the forecast period. Due to technological development, various industries are witnessing changes that are supporting the market growth, the landscaping technology is evolving with time, which is changing face of the industry. Novel technologies are using computer software for better monitoring and control, advanced tools and smart machines in the industry. For instance, Worx WR140, Robomow RS630, Gardena 4069, Honda Miimo HRM520, Husqvarna 115H connect, and Husqvarna Auto mower 450X are the robotic lawnmowers, which were considered the best all over the world in 2021.
Global Landscaping Tools Market Opportunities:
Growing adoption of landscaping activities in commercial and residential customers is expected to offer growth opportunities in the global landscaping tools market over the forecast period. Due to increasing awareness in households around the world about the conserving environment by adopting environmentally friendly lifestyle, the market is presented with various growth opportunities for existing and new market players. The demand for landscaping tools is increasing globally, due to these growing landscaping activities. Hence, this is likely to support the market growth in the near future.
Moreover, growing spending on gardening and lawn tools across the globe is also anticipated to create several growth opportunities for players in the global landscaping tools market during the forecast period. For instance, as per the Coherent Market Insights, the gardeners spending in the U.S. was US$ 47.8 billion on the garden and retail sales in 2018, with an average household expenditure of US$ 503. Thus, the market is expected to witness strong growth due to increasing expenditure on gardening and lawns tools.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 29.44 Bn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 5.3% | 2028 Value Projection: | US$ 46.86 Bn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Makita Corporation, Andreas Stihl AG & Co. KG, Fiskars Corporation, Husqvarna AB, Falcon Garden Tools, MTD Products Inc., Honda Power Equipment, Robert Bosch GmbH, The Toro Co., and Stanley Black & Decker Inc. |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Global Landscaping Tools Market Trends:
Increasing technological innovations is gaining traction in the global landscaping tools market. Market players are increasingly focusing on technological development to maintain the relevance and gain more customers by production of novel products. The consumer preferences continue to changes and are different in the global market. This leads to development of new products to cater these changing preferences of consumers. For instance, in October 2018, Honda power Equipment announced that it has redesigned its HRX Lawn Mower that can deliver 10x more power as well as a premium performance.
Furthermore, the growing shift towards environment-friendly and organic environment with the installation of indoor gardening is another trend in the global landscaping tools market. Several countries across the globe are inclining towards organic and sustainable environment with the installation of urban/indoor gardening inside the houses. This further increases the sales of tools required for gardening such as power tools and small hand tools. Thus, due to all these factors the market is expected to witness strong growth in the future.
Global Landscaping Tools Market Restraints:
The global landscaping tools market is however likely to witness challenges. The high cost of landscaping tools is expected impede growth of the market over the forecast period. The demand for landscaping tools is increasing around the world, owing to increasing number of landscaping activities. However, due to the high cost of these tools, the market is experiencing hindrance, specifically in emerging regions. For instance, the cost of gasoline has been growing in the U.S. after reaching the all-time low in April 2020.
Moreover, another factor hampering the market growth is seasonal variation. The landscaping activities heavily depend upon climate conditions as well as seasons in the market. Hence, these tools also depend on the changing seasons in each country. The demand landscaping tools declines during winter season, as the cold climatic conditions are not suitable for growth of crops utilized in landscaping. Thus, it further affects the market growth all over the world.
Figure 2. Global Landscaping Tools Market Share (%), by Segment Type, 2021
Global Landscaping Tools Market Segmentation:
The global landscaping tools market report is segmented into Product Type, End-User, and Region.
Based on Product Type, the market is segmented into Lawnmowers, Power Tools, Hand Tools, and Other Landscaping Tools. Out of which, Lawnmowers segment is expected to dominate the global market over the forecast period and this is attributed to the rise in gardens, lawns, and yards around the world. The use of smart technology is expected to increase in the future, which allows market players to launch creative and eco-friendly products and influence the lawnmowers market.
Power Tools segment is also expected to witness significant growth in the near future and this is owing to the growing launch of novel products of power tools. The market players are focusing on introducing innovative tools. For instance, in 2020, Ariens launched novel snow blowers, Compact Two-Stage Series S18 Single-Stage and Crossover. Launch of such products stimulates growth of the segment in the global landscaping tools market.
Based on End-User, the market is segmented into Residential and Commercial. Out of which, Residential segment is expected to dominate the global market over the forecast period and this is attributed to the growing demand for gardening equipment for residence. As the property and housing market is growing around the world, the demand for gardening tools is increasing. Moreover, due to increasing per capita disposable income, the adoption of indoor gardening is also increasing. This further supports growth of the segment.
Commercial segment is also expected to witness significant growth in the near future and this is owing to the growing initiatives taken by government for boosting use of landscaping tools and small-scale businesses. For instance, in 2016, the U.S. Department of Agriculture-Rural Development awarded US$ 138,000 funding to three Alaska entities through Rural Business Development Grant program of USDA-RD.
Global Landscaping Tools Market: Key Developments
In March 2021, Andreas Stihl Ag & Co. KG established a joint venture with the Elrad International Group to manufacture electronic assemblies. With this partnership, Stihl will be focusing on cordless systems.
In September 2019, Husqvarna Group announced the collaboration with Yeti Snow Technology, which is company in Norway, for automation of the airport runway and green spaces.
Global Landscaping Tools Market: Key Companies Insights
The global landscaping tools market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.
Some of the key players in the global landscaping tools market are Makita Corporation, Andreas Stihl AG & Co. KG, Fiskars Corporation, Husqvarna AB, Falcon Garden Tools, MTD Products Inc., Honda Power Equipment, Robert Bosch GmbH, The Toro Co., and Stanley Black & Decker Inc.
*Definition:
Landscaping tools are tools that are used to improve the look of a garden or lawn. These tools can be divided into two categories: hand tools and power tools. Hand tools can be used to move dirt, remove rocks, or cut grass. Power tools, on the other hand, can be used to dig trenches and create a landscape.
Landscaping tools are essential to the success of a business. Power equipment operators need to wear protective gear to ensure their safety. A wheelbarrow can carry large quantities of tools and materials. A wheelbarrow is ideal for transporting heavy landscaping tools. A hand edger, on the other hand, is a long handle tool with two different attachments. It's useful for creating a neat border. It can also be used for digging and preparing soil. Without the right tools, landscaping work becomes exponentially more difficult. For example, a good lawn mower makes mowing a lawn much easier, while a snowblower helps remove snow from the lawn.
Market Dynamics:
Growing trend of gardening activities, growing real estate industry, and increasing demand for technologically advanced landscaping tools is expected to augment growth of the global landscaping tools market over the forecast period. With the rising trend of indoor and kitchen gardening, the demand for landscaping tools is expected to rise. The growing popularity of urban gardening in developing and developed nations is driving the growth of the landscape tools market. These tools are used to perform various gardening activities and maintain the lawn's health.
Moreover, initiatives to promote green infrastructure and urban green spaces are creating additional opportunities for the market. However, the high maintenance of gardening tools is one of the major factors that limit the growth of the market.
Key features of the study:
Detailed Segmentation:
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