It is anticipated that the garden equipment market will register a CAGR of 2.8% over the forecast period and will reach the market value of US$ 21520 million in the year 2026.
Garden equipment is the equipment which are used in garden like hedge trimmers, leaf blowers, lawn mower. Chainsaw and brush cutters. In the coming future, it is expected that there will be an increasing demand for garden equipment in the APAC and Europe region. The factors that are expected to drive the market are increasing household used fields expenditures, launches of new products, renovation and retro-fitting of old technology and increasing adoption of garden technology. The consumption market of garden equipment is related to global economy and downstream industries. Even though, there are some uncertainties expected, the market still remains promising for the future.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Garden Equipment market to approach these areas. QYR analysis of the Garden Equipment market indicated that Europe would account for the higher revenue in 2022 with close to 58 percent of global sales value coming from this region, but Asia-Pacific has the higher growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
In January 21, Bosch launches garden tools in India: Bosch Ltd aims to corner a majority of India’s lawn and garden tool market which is presently estimated in the range of Rs 250-300 crore and is witnessing an annual growth rate of 25 per cent in recent times. The company, recently launched seven garden tool equipment in the Indian market in a bid to corner a larger share of this emerging market.
Top Key players in the Garden Equipment Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Garden Equipment Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Husqvarna, Stihl, John Deere, MTD, TORO, TTI, Honda, Blount, Craftsman, STIGA SpA, Briggs & Stratton, Stanley Black & Decker, Ariens, Makita, Hitachi, Greenworks, EMAK, Yamabiko, Zomax, Zhongjian, Worx and others.
Global Garden Equipment Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Garden Equipment Market is segmented based on the type, applications, companies and regions.
The report offers in-depth assessment of the growth and other aspects of the Garden Equipment Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Because of their market share and technology position of Garden Equipment, Europe, which occupied over 64% revenue market share in 2019, is exceptional in the APAC and Europe Garden Equipment industry. According to the Garden Equipment market, Europe will generate the most revenue in 2026, accounting for over 58 percent of global sales value, but Asia-Pacific will rise at a faster rate. Vendors realise the importance of this region, particularly in China, and are seeking to expand their sales and distribution networks in order to gain a foothold in this market.
Garden Equipment Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Garden Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Garden Equipment Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.