Gardening Tools Market is Forecasted to Surpass USD 112.09 Billion by the end of 2027

Market overview:

The Gardening Tools Market is expected to reach $112.09 billion by 2027, growing at a CAGR of 4.51% between 2020 and 2027.

The growing demand for gardening equipment in commercial settings such as sports grounds, golf courses, and construction is driving the global gardening tools market. The increasing number of public parks in cities and government regulations governing their upkeep is expected to increase the use of gardening tools. Growing environmental awareness and increased gardening in residential complexes are driving the global industry forward. The growing use of gardening tools and equipment for residential and commercial purposes propels the gardening tools market forward. Gardening or lawn care is a popular leisure activity for the elderly, contributing to household demand for gardening tools. Furthermore, the increasing use of technologically advanced gardening equipment that saves time, money, and energy is expected to drive the global Gardening tools Market forward.

The COVID-19 pandemic has had a negative impact on the gardening tools market and is expected to continue to do so. The COVID-19 pandemic and the resulting economic uncertainty harmed the gardening tools market in most geographies and across a wide range of customers. In response to COVID-19, governments worldwide have implemented measures such as travel bans, business closures, bans on group events and gatherings, shelter-in-place orders, curfews, and recommendations to practice social distancing. These restrictions have weakened activity and forced the temporary closure of manufacturing facilities.

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Market segmentation:

The Global Gardening Tools Market is segmented based on product type, end-use, tool holder and distribution channel. 

According to the product type:

• Chain Saw
• Lawn Mowers
• Vacuums & Sweepers
• Blowers
• Striking & Digging Tools
• Pruning Tools
• Others

According to the end-use:

• Residential
• Commercial

According to the tool holder:

• Hand Tools
• Engine Tools

According to the distribution channel:

• Non-Store-Based
• Store-Based

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What are the key regions in the gardening tools industry?

The Global gardening tools industry is divided into North America, Asia-Pacific, Europe, and the Rest of the World. 

North America had the largest gardening tools market share in 2020. During the forecast period, the regional market is expected to expand at a CAGR of 4.10%. North America dominates the market share with the growing demand for gardening tools. Industry players are making acquisitions to expand their product portfolios. As a result, the major factors expected to propel the gardening tools market in North America are geographic and political changes, demographic suitability, and the deployment of advanced technology. 

Europe contributes significantly by increasing community participation in green spaces and landscaping expenditures. Increased emphasis on product development and R&D by industry players to gain market share will aid market growth. Furthermore, with technological advancements, rising disposable income in the region, and an aging population spending more time in gardens, sales of gardening tools will skyrocket during the review period.

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Recent developments:

• In March 2021, STIHL subsidiary ZAMA Corporation and Elrad International Group reached an agreement. The companies joined forces to produce electronic assemblies, with Stihl focusing on cordless systems.
• In 2021, Stanley Black and Decker, Inc’s Dewalt brand introduced its latest 2x20V MAX Self-Propelled Mower (DCMWSP244U2) and Push Mower (DCMWP233U2). The technologies are powered by two Dewalt 20V MAX 10.0 Ah batteries and feature a high-efficiency brushless direct-drive motor.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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