Gardening tools market size is projected to reach 112.09 Billion by 2027 at a CAGR of 4.51% from 2020 to 2027.
The gardening tools market is projected to register a CAGR of 4.51% and reach a value of USD 112.09 billion by 2027. Garden tools can be divided into hand tools and power tools. Lawnmowers, turf and grounds equipment, trimmers and edgers, shears, pruners, hammers, spades, and weeders are among the commonly used gardening tools. The rising adoption of gardening tools and equipment for residential and commercial applications is driving the gardening tools market growth. Gardening or lawn care is a popular leisure activity for the elderly, which is supporting the demand for gardening tools in households.
COVID-19 Impact Analysis
The COVID-19 pandemic has adversely affected and is expected to continue to pose risks to the gardening tools business. There are numerous risks related to the outbreak of the COVID-19 pandemic. COVID-19 spread across the globe during 2020 and continues to impact economic activity around the globe. COVID-19 caused disruption and volatility in the global capital markets and authored an economic slowdown during 2020. The COVID-19 pandemic and its associated economic uncertainty negatively impacted the gardening tools market in most geographies and across a variety of customers. In regards to COVID-19, governments around the world have introduced certain measures, such as travel prohibitions, shutdowns of certain businesses, bans on group events and gatherings, shelter-in-place orders, curfews, and recommendations of practicing social distancing. These restrictions have resulted in weakening activity and temporary closures of manufacturing facilities.
The global gardening tools market has witnessed a significant growth rate over the last few years and is projected to register a 4.51% CAGR during the forecast period. The growing trend of gardening activities and the growth of the real estate industry are some of the major factors driving the market's growth. Also, the rising demand for technologically advanced gardening tools boosts the growth of the gardening tools market. Initiatives towards urban green spaces and green infrastructure create growth opportunities for the market in the coming years. However, high maintenance associated with gardening tools is restricting the growth of the market.
An increasing number of people are embracing plants and taking up gardening activities. Particularly, a large number of millennials have embraced green hobbies such as gardening. According to MRFR analysis, approximately 18% of the population within 18 to 34 years report gardening as a leisure pursuit. The millennial population is mainly interested in specialty gardening with heirloom seeds and gardening as a craft using specialty tools, increasing the sales of gardening tools. Also, baby boomers are known to be passionate about gardening. This demographic group prefers garden tools with ergonomic features and lighter weights that make yard work more comfortable. Also, people who enjoy spending time outdoors often have higher expectations for their residential outdoor space and invest heavily in decorative landscaping elements. Moreover, consumers living in an urban environment with less land around their homes are inclined towards small-space gardening, including herb gardens and hanging gardens. These factors also contribute to the growth of global gardening tools market.
Irrespective of the price and quality of gardening tools, they require regular maintenance to hold their effectiveness. Gardening tools are exposed to dust and plants or soil with bacterial, fungal, or insect infestations. Thus, regular maintenance of the tools with proper cleaning and storage is necessary to make them last longer. Whether it is a hand tool or a power tool, both have high maintenance associated with them. hand tools usually require proper storage, cleaning tools before and after use, proper drying, preventing rust, and keeping the tools sharp. All these are highly time-consuming and require a variety of products to maintain them. On the other hand, the power tools are more expensive than the hand tools due to the materials used and the advanced features added to the product. This makes the maintenance cost of the product even higher than the hand tools. Also, as the power tools are technology-based, the risk of their damage is high if not maintained regularly. Moreover, the damage of any spare parts can result in higher repairing costs for the product. Thus, the high maintenance associated with gardening tools majorly restricts the market growth.
Rapid urbanization has encouraged sedentary lifestyles, which contribute to major health problems such as obesity and cardiovascular diseases. Urbanization also promotes dependence on vehicles, often fossil-fueled, causing negative environmental impacts such as air and noise pollution. Reports state, in 2019, air pollution caused 4.4 million deaths worldwide. Noise pollution increases the chance of cardiovascular illnesses by 17 percent, leading to 10,000 premature deaths every year. Thus, green spaces are a powerful tool in counteracting urban health concerns. Greenery both improves the population’s health and promotes the mitigation of climate change. People are becoming more aware of this, which is promoting the rise in urban green spaces. The city of Mollet del Vallès, Spain, went from a ratio of 3.7 to 16 square meters of urban green per inhabitant within 25 years, with 100 percent of its population living within 300 meters of a green area. The ‘Barcelona Green Infrastructure and Biodiversity Plan 2020’, which was released in 2027, lists over 70 projects and actions with the aim to provide environmental and social services, introduce nature into the city, increase biodiversity, increase connectivity among patchy green infrastructure and make the city more resilient. Spain has no green infrastructure strategy as such, but the concept of green infrastructure is incorporated quite explicitly in various places in existing national legislation. Law 42/2007 (Natural Heritage and Biodiversity) imposes a general obligation for the autonomous regions to ensure environmental connectivity, while various regional laws focus on the connectivity of natural areas. Moreover, in December 2019, the government of Landon planned London Environment Strategy to improve the London’s green infrastructure. The All London Green Grid (ALGG) is the Mayor's policy framework to promote the design and delivery of green infrastructure across London. The framework comprises London Plan policies on green infrastructure and urban greening - and those relating to open spaces, biodiversity, trees and woodlands, and other natural habitats - plus the ALGG Supplementary Planning Guidance. Thus, rising awareness and initiatives toward the concept of urban green spaces and green infrastructure are projected to create an opportunistic market for the gardening tools industry.
By Product Type
Based on product type, the global gardening tools market has been segmented into lawn mowers, blowers, vacuums & sweepers, pruning tools, striking & digging tools, chain saw, and others. The lawn mowers segment accounted for the largest market share in 2019, whereas the pruning tools segment is expected to record the highest CAGR of 4.27% during the forecast period.
By Tool Holder
Based on tool holder, the global gardening tools market has been segmented into engine tools and hand tools. The engine tools segment accounted for a larger market share in 2019 and is projected to exhibit a higher CAGR of 4.06% during the forecast period.
By End Use
Based on end use, the global gardening tools market has been segmented into commercial and residential. In terms of value, the commercial segment accounted for a larger market share in 2019 and is expected to register the highest CAGR of 4.06% during the forecast period.
By Distribution Channel
In terms of distribution channel, the global gardening tools market has been divided into store-based and non-store-based. The store-based segment accounted for a larger market share of 62.32% in 2019, whereas the non-store-based segment is expected to record a higher CAGR of 4.19% during the forecast period.
By region, the global gardening tools market has been divided into North America, Europe, Asia-Pacific, South America and the Middle East & AFrica. North America accounted for the largest market share of 44.58% in 2019. Europe was the second-largest market in 2019 and is projected to exhibit a CAGR of 4.02% during the review period. The market in Asia-Pacific is expected to register the highest CAGR of 4.26% during the forecast period.
North America accounted for the largest market share of 44.58% of the gardening tools market in 2019. The regional market is expected to register a CAGR of 4.10% during the forecast period North America dominates the market share with the growing demand for equipment for landscaping activities. Industry players are undergoing acquisitions to enhance the product portfolio. For instance, Briggs & Stratton announced the acquisition of Hurricane, Inc., a manufacturer of leaf blowers to develop its gardening products for commercial application. In addition, the rising standard of living and the improvement in the lifestyle of Canada's urban dwellers are some of the contributing factors that are forcing corporate offices to make choices about landscaping their open spaces. Therefore, most real estate companies invest in improving the property's surroundings and expanding the landscaped area in the area. Therefore, more and more hotels are willing to use landscaping in and around their building. Therefore, political changes, geographic and demographic suitability, and the deployment of advanced technology are the major factors expected to propel the gardening equipment market in North America.
Europe accounted for 24.17% of the global gardening tools market in 2019 and is projected to expand at a 4.02% CAGR during the forecast period. Europe contributes a significant share with increasing community engagement in the implementation of green spaces and landscaping expenditure. Increasing focus on product development and R&D from industry players to gain market share will support market expansion. For instance, Terra announced the launch of a robotic lawnmower in Germany featuring smart mapping technology and functioning to automatically charge its battery when low. Also, growing interest in gardening and horticulture businesses is driving equipment sales in this region. Additionally, an average UK household tends to spend around USD 200 on gardening businesses, which has only increased in recent years. Moreover, with advances in technology, growing disposable income in the region, and an aging population spending more time in gardens, gardening tools sales will skyrocket during the review period.
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Fiskars Group (Finland), Husqvarna AB (Sweden), Stanley Black & Decker, Inc. (US), and Ingersoll Tillage Group, Inc. (Canada) dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.
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), and Griffon Corporation Inc. (US).
Few developments that occurred in recent times influencing the market growth of gardening tools are listed below:
Scope of the Report
Global Gardening Tools Market, by Product Type
Global Gardening Tools Market, by Tool Holder
Global Gardening Tools Market, by End Use
Global Gardening Tools Market, by Distribution Channel
Global Gardening Tools Market, by Region
|Market Size||USD 112.09 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product, Tool Holder, End-Use, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), and Griffon Corporation Inc. (US)|
|Key Market Opportunities||Initiatives Towards Urban Green Spaces And Green Infrastructure|
|Key Market Drivers||Growing Trend Of Gardening Activities, Growth Of The Real Estate Industry, Rising Demand For Technologically Advanced Gardening Tools|
Gardening Tools Market is projected to grow at a 4.51% CAGR between 2020-2027.
North America is expected to dominate the Gardening Tools Market.
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), and Griffon Corporation Inc. (US) are the top players in the global gardening tools market.
Commercial segment will lead the Gardening Tools Market.
Rising prices of tools may limit the Gardening Tools Market growth.
Gardening Tools Market is predicted to touch USD 112.09 Billion by 2027.