Sales Of Gardening Equipment Is Propelling By Growing Inclination Towards Gardening As A Leisure Activity
The global Gardening Equipment Market is now estimated to be worth US$ 97 billion and is forecast to develop at a CAGR of 6% between 2021 and 2031.According to Fact.MR’s research analysis on gardening equipment, top suppliers include TheAmes Companies Inc., Estwing Manufacturing Company Inc.,Alamo Group Inc., Briggs and Stratton Corp., TheToro Co., Kubota Corp., and Robert Bosch GMBH, and collectively accounted for close to 50% of global revenue in 2020.
Technological developments in the sector can be attributable to the increase in demand and sales. Lawnmowers, lawn aerators, and power tools are examples of gardening equipment that run on electricity or fuel, and hence buyers demand efficiency. Sales are likely to rise due to an increase in outside activities such as sports, horticulture, and recreational activities over the forecast period.
Furthermore, consistent demand from residential and commercial areas, combined with an increase in real estate expenditures, is expected to drive gardening equipment demand at a CAGR of roughly 6% over the next ten years.
Market Players Covered:
Stanley Black & Decker, Inc
Blount International Inc
Robert Bosch GMBH
Deers and Co
TheToro Co
Kubota Corp
Alamo Group Inc
Gardening Equipment Market
Briggs and Stratton Corp
TheAmes Companies Inc
Estwing Manufacturing Company Inc
The residential segment is predicted to contribute the majority of revenue among end uses. This can be ascribed to the world’s growing urban population as well as an increase in high discretionary income. Furthermore, with an ageing population in nations such as the United Kingdom, the United States, and Germany, individuals are spending more time gardening, driving up sales of gardening equipment.
Residential gardening equipment is the most sought-after in the world, accounting for almost 40% of the entire market share.
Key Market Segments Covered
By Product
HandTools
Cape Cod Weeders
Paving Weeders
Fishtail Weeders
Shears and Snips
Lawnmowers andTrimmers
Edger
By End Use
Residential Gardening Equipment
Commercial Gardening Equipment
By Distribution Channel
Online Sales of Gardening Equipment
Retail Sales of Gardening Equipment
https://sites.google.com/view/gardening-equipment-marketw/home