Gardening Tools Market Size to Grow by USD 112.09 Bn | North America accounted for the largest market share of 44.58%
Research Reports
Sep 20, 2023
Gardening Tools Market Overview
By 2027, it is anticipated that the gardening tools market will grow at a CAGR of 4.51% and reach a value of USD 112.09 billion. Hand tools and power tools are two categories for garden equipment. Among the most often used gardening tools are lawnmowers, grass and grounds equipment, trimmers and edgers, shears, pruners, hammers, spades, and weeders. The expansion of the gardening tools market is being driven by the increasing use of gardening tools and equipment for both household and commercial purposes. The need for gardening tools in homes is being supported by the fact that older people like gardening or lawn maintenance as a leisure activity.
Rapid urbanisation has promoted sedentary behaviour, which has been linked to serious health issues like cardiovascular disease and obesity. Urbanisation also encourages the use of automobiles, frequently those that run on fossil fuels, which has a negative influence on the environment by creating noise and air pollution. According to reports, air pollution contributed to 4.4 million deaths globally in 2019. Every year, 10,000 people die prematurely due to noise pollution, which ups the risk of cardiovascular disease by 17%. As a result, green spaces are an effective strategy for addressing urban health issues. Both the health of the populace and climate change mitigation are aided by greenery. As more people become aware of this, the number of urban green spaces is increasing.
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Prominent players in the global gardening tools market include
Fiskars Group (Finland),
Husqvarna AB (Sweden),
Falcon Garden Tools Pvt Ltd. (India),
Ribe Energy Machinery SL (Spain),
ILAGA Supplies (Spain),
Stanley Black & Decker, Inc. (US),
Ingersoll Tillage Group, Inc. (Canada),
Bully Tools, Inc. (US),
Zenport Industries (US),
Griffon Corporation Inc. (US)
Segmentation
The lawnmowers, blowers, vacuums & sweepers, pruning tools, striking & digging tools, chain saws, and others make up the various product categories of the worldwide gardening tools market.
The market for gardening tools has been divided into engine tools and hand tools based on the tool holder. The market share for engine tools was greater in 2019 and is anticipated to grow at a faster CAGR of 4.06% over the forecast period.
The market for gardening tools has been divided into two categories based on end use: commercial and residential. The commercial sector held a greater market share in terms of value in 2019 and is anticipated to experience the highest CAGR of 4.06% over the course of the forecast period.
The global market for gardening equipment has been segmented into store-based and non-store-based distribution channels. In 2019, the store-based category held a bigger market share (62.32%).
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Regional Insights
The North American, European, Asian-Pacific, South American, and Middle East & Africa regions make up the majority of the global market for gardening equipment. In 2019, North America held the biggest market share (44.58%). The second-largest market in 2019 was Europe, and it is anticipated that throughout the review period, it would grow at a CAGR of 4.02%. During the forecast period, the market in Asia-Pacific is anticipated to grow at the highest CAGR of 4.26%.
In 2019, the market for gardening equipment was dominated by North America, which held 44.58% of the global market. Throughout the forecast period, the regional market is anticipated to see a CAGR of 4.10%. With the rising demand for equipment for landscaping tasks, North America holds a disproportionately large part of the market. Players in the industry are being acquired to improve product offerings.
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