The global Landscaping Tools Market is estimated to account for US$ 29.44 Bn in terms of value by the end of 2021. Many landscaping tools are built using basic technology and can be purchased for very little money. A basic shovel can be bought from a hardware store or online, and is just as effective as a high-tech tool. A rake is also a must-have tool for the lawn. There are different types of rakes: long-handled rakes for spreading materials, and leaf rakes for cleaning debris. There are also tools made specifically for transplanting plants, like a leaf rake and plant mover. These tools feature thin blades so they don't damage the roots of the plants.
Global Landscaping Tools Market: Drivers
Growing demand for residential landscape maintenance is expected to augment growth of the global landscaping tools market over the forecast period. Due to growing demand for outdoor residential landscaping from younger houses, there is a significant shift in the current landscaping market. Due to the expansion of gardening tools market, the demand for gardens and gardening tools is increasing in residential constructions. Consumers are capable of paying extra for the garden area, the real estate agents and city planners are increasing the landscaping tools sale. Thus, this factor is likely to fuel the market growth.
Global Landscaping Tools Market: Opportunities
The rise in demand from consumers is leading to growing launch of novel products by market players. This in turn is expected to create growth opportunities for the global landscaping tools market over the forecast period. Market players are competing with one another with the launch of number of robotic lawn mowers, which are considered technologically advanced tools. Moreover, several local players around the world are involved in production and supply of landscaping tools such as power tools and hand tools. This is further expected to drive the market growth in the near future.
Global Landscaping Tools Market: Restraints
Restrained investment in housing segment is expected to hinder growth of the global landscaping tools market over the forecast period. Due to seasons such as monsoon, the investment into housing sector decreases around the world, this further affects the demand for landscaping tools. As construction activities are avoided during monsoon season, to prevent the buildings from damaging, the investment into this sector decreases. Moreover, the occurrence of pests due to moisture and water content damages the crops. This further increases the cost for landscape and turf owners.
Global Landscaping Tools Market - Impact of Coronavirus (Covid-19) Pandemic:
The epidemic of COVID-19 pandemic affected several industries around the world. The virus outbreak severely impacted supply chain, by specifically affecting manufacturing activities and raw material supply. This further impacted product deliveries in several industries. However, during the pandemic, demand for gardening equipment and its online sale increased around the world, as adoption of indoor gardening was growing. Thus, it positively impacted growth of the global landscaping tools market during the COVID-19 pandemic.
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Key Takeaways:
The global landscaping tools market was valued at US$ 29.44 Bn in 2021 and is forecast to reach a value of US$ 46.86 Bn by 2028 at a CAGR of 5.3% between 2022 and 2028.
Lawnmowers segment held dominant position in the global Landscaping Tools market in 2020, accounting for 41.8% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Landscaping Tools Market Trends:
Growing demand for landscaping in commercial and residential sectors is a growing trend in the global landscaping tools market. Due to landscaping, the resale value of building increases and its sale speed also grows. Moreover, due to landscaping or addition of indoor plants can enhance air quality, it can offer effective waste removal by development of residential composting systems, and it also promotes use of plants as source of food within the residence. This trend is likely to continue in the global landscaping tools market in the future.
Increasing shift towards DIY for improvement of home related to landscaping is another trend in the global landscaping tools market, which is likely to boost the market growth over the forecast period. DIY projects include activities that can be undertaken by people of various age groups including hobbyists, enthusiasts, and residents for engaging themselves in tasks such as repairs, remodeling of backyards, and maintenance, which all fall under home improvement.
Global Landscaping Tools Market: Competitive Landscape
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.
Global Landscaping Tools Market: Recent Developments
In July 2021, Bosch announced the expansion of the 18V-Power for all battery system as it added the shrub and grass shear AdvancedShear 18V-10 and the hedge cutters UniversalHedgeCut 18V-50 and -55
In January 2020 Cub Cadet launched IntelliPower, an engine performance designed for users who face challenges to cut thick and heavy grass or plow through heavy, wet snow.
In September 2018, Stanley Black & Decker signed an agreement of acquisition of 20% stake in MTD Products Inc., for US$ 234 Billion in cash.
