Gardening Tools Market size is projected to reach 112.09 Billion by 2027 at a CAGR of 4.51% from 2019 to 2027. Gardening is a common hobby for residential owners, whereas it is a mandatory need for public gardens and private commercial spaces. Therefore, the demand for such tools is never fading. To reciprocate those demands, the major key players across various regions are putting up their immense contributions on a large scale.
The report focuses upon the overall growth potential of this Gardening Tools Market. It highlights the market segmentation, COVID analysis, market challenges, and other such insights. Apart from that, it also highlights the measures taken by key players to deal with the challenges and restraints. With impeccable demands, you can expect the market size to grow beyond the past figures by the end of the current forecast years.
COVID 19 Analysis
COVID 19 suppressed the gardening tools market growth in the middle months of 2020. The pandemic forced the manufacturing unit to shut down, which hampered the supply rate. As most of the house owners were locked at home, the demand for house gardening was high. But the supply wasn’t enough to meet the demands.
The commercial demands were comparatively low in the COVID situation in Gardening Tools Market. The offices were locked down, and the private & public garden maintenance was done with available tools, without any additional purchases. But now, the COVID situations are under control, and things are back to thriving potential.
Chief Variables Existing in the market
As the current situation is concerned with the gardening tools market trends, such tools and products are quite high around the commercial sector. The residential demand is high for low-priced products, putting up collective growth to market driving potential. But the use around commercial sectors demands heavy equipment for the purpose.
Therefore, as per the gardening tools market forecast, there will be more revenue from the commercial sector than residential. Therefore, the key players are imposing effective measures to meet the immense demand with ample supply.
The high pricing of certain hand tools is restricting the average residential owner to reject buying them. It is one of the major challenges that the market is facing at the moment. But the key players are adapting some ideal measures to cut the manufacturing cost of some of the expensive hand tools and power tools, to improve their sales.
Apart from that, another important challenge for the global garden tools market is that the power tool require timely maintenance. And that cost also adds up to the lifetime expenses over the machine. Hence, the key players need to refine the manufacturing to reduce the maintenance cost over the lifetime of that machine.
The best market opportunity of the Gardening Tools Market is that there are several products for diverse applications available readily. One needs to approach the key players to get the right equipment on an immediate basis.
Hence, this is what is helping the global market thrive! Meeting the rising demands on priority is estimating a greater revenue generation for the market by the end of the current forecast years.
Some of the advanced gardening power tools are heavily priced. And these prices are forcing the medium-based commercial sectors to reject the tools. As a result, the major moneymaking sector is failing to contribute to maximizing revenue.
Therefore, the key players intend to reduce costs by cutting off unnecessary specifications from those advanced tools. Breaking down the specs into different models or tools will help the commercial sectors choose one at their convenience. Hence, it will add to the sales rate!
Cumulative Analysis of the Market
As of the cumulative global gardening tools market analysis is concerned, there are several challenges and restraints that the key players have to deal with. But to balance that, diverse market opportunities and driving potentials are coming up in a queue. The key players have to set up teams for countering the challenges and leveraging the market driving potential. It will help support the gardening tools industry to perform well in the current forecast years. As per a survey conducted by Future Commerce, the expenditure upon home & garden products flourished in 2016, and growth was witnessed by 14.4% every following year. https://futurecommerce.fm/posts/insiders-038-home-gardens-a-leading-indicator-of-changing-consumer-defaults
Overview of the main market segments
Based on the type segmentation, the global garden tools market is categorized into power and hand tools types. The power tools segment is the fastest-growing arena within the market, as it includes equipment such as lawnmowers, ground equipment, trimmers, blowers, turf, sweepers, edgers, and vacuums.
The hand tools are also demanding to maintain small gardens, as this segment includes tools such as pruners, spades, shears, trowels, weeders, shovels, axes, and others. People count on gardening as a leisure activity, which immensely leads to the growing gardening tools market size.
A few of its listed products largely impact the global garden tools market growth based on product segmentation. They are lawnmowers, blowers, sweepers, vacuums, pruning tools, striking & digging tools, and others.
Different products serve a different purpose, but the major revenue is generated with the sales of lawnmowers. They are heavy power tools that serve gardening purposes for bigger spaces. It is mostly used for maintaining the green spaces around the public and private facilities.
Based on the end-users segmentation, the global garden tools market analysis states that residential and commercial sectors mostly acquire the products. The residential spaces need timely maintenance for their gardens, as the owners count on it as a leisure hobby. There are multi-purpose tools to serve the purpose!
There is a massive demand for commercial grade gardening tools, as they are used for large-scale properties with public or private gardens. Big lawn mowers, vacuums, sweepers, blowers, and other such tools are used for this purpose. In either way, the garden tools market demand is high on a thriving stage.
By Distribution Channel
Based on the distribution channel segmentation, the global gardening tools market outlook states that the distribution is made at store-based and non-store based outlets. Store-based outlets allow the customers to check the specifications in person to decide on suitable equipment for their needs. There is a large group of customers who prefer store-based channels.
But a majority of the audience intended to prefer non-store-based outlets for buying the gardening tools. It is because the trend of purchasing goods from e-commerce sites is beyond limits. And with ideal offers & discounts from sellers, the non-store-based segment intends to thrive on a larger scale.
Based upon the regional segmentation, the global gardening tools market is widely spread across various regions, including North America, Asia-Pacific, Europe, and other parts of the world. In 2018, North America was the dominant region responsible for the largest gardening tools market share. Following that, Europe wasn’t much behind and proposed immense measures to enhance the sales rate of the gardening tools.
Asia-Pacific is also a high-projected revenue-earning region, as the growth rate of demand and supply is high around it. Amongst other parts of the world, the demand for the management of greenery and garden spaces is an effective implementation for the rise of gardening tools market revenue in the current forecast years.
Competitive intensity in the industry
Here is the list of all the major key players that are contributing towards setting the global gardening tools market to thrive in the current forecast years:
Husqvarna AB is one of the best companies in the lot that has contributed towards setting up the market on a successful path. The company has experienced immense growth in the past few years and intends to grow even further by the end of the current forecast years. The company is also hiring quality technical staff to manufacture the best tool with a prolonged life span.
Recent Market Developments
As per the RHS Campaign in Europe, 2021, over 12000 schools and other such educational institutions have joined hands to develop school gardens.
This report focuses upon the key segmentations that help the market operate on a global level. The key players are putting up a lot of collective effort to help the market thrive in the current forecast years. And this report has highlighted the best key players within the market that are operating on their optimal levels to make the market thrive in the current forecast years. This report also drives on the growth opportunities, challenges, and COVID analysis for the industrial reference.
Key Industrial segments
By Distribution Channel:
|Market Size||USD 112.09 Billion|
|CAGR||4.51% (2020 to 2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Product, End-Use and Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Stanley Black & Decker, Inc. (US), Fiskars Group (Finland), Husqvarna AB (Sweden), Griffon Corporation (US), Andreas Stihl AG & Co. KG (Germany), CobraHead LLC (US), Lasher Tools (South Africa), Zenport Industries (US), Bully Tools, Inc. (US), Corporacion Patricio Echeverria, S.A. (Spain), Ray Padula Holdings, LLC (US), Garden Tool Company (UK), American Lawn Mower Co (US), Root Assassin LLC (US), SNA Europe (Sweden)|
|Key Market Opportunities||
|Key Market Drivers||The demand for gardening tools for trimming, cutting, and maintaining commercial gardens and lawns such as sports fields and golf courses is increasing due to infrastructure development|
Frequently Asked Questions (FAQ) :
Gardening Tools Market is projected to grow at a 4.2% CAGR between 2019-2025.
North America is expected to dominate the Gardening Tools Market.
Gardening Tools Market is predicted to touch USD 10.5 billion by 2025.
Commercial segment will lead the Gardening Tools Market.
Rising prices of tools may limit the Gardening Tools Market growth.