The global market for lawn and garden equipment is witnessing a significant upswing as consumers and professionals alike invest more in landscaping, property enhancement, and sustainable gardening practices. Increasing interest in outdoor aesthetics, coupled with technological advancements in equipment design, is driving the market forward at a rapid pace.
The Lawn & Garden Equipment Market size was valued at USD 27.90 Billion in 2023 and is now anticipated to grow to USD 54.39 Billion by 2032, displaying a compound annual growth rate (CAGR) of 7.7% during the forecast period (2024 – 2032). This growth is attributed to surging consumer interest in home improvement, expansion of green spaces in urban areas, and increasing adoption of battery-powered and robotic equipment.
Key Market Drivers:
- Technological Innovations and Smart Equipment:
The integration of smart features such as GPS, automation, and IoT in lawn mowers and trimmers is enhancing convenience, efficiency, and energy savings, thereby accelerating market adoption.
- Rising Demand for Eco-friendly Solutions:
Growing environmental awareness has led to increased demand for electric and battery-operated equipment, reducing emissions and noise pollution associated with traditional gas-powered tools.
- Growth in Residential and Commercial Landscaping:
Expanding residential construction and increasing spending on commercial landscaping services—particularly in North America and Europe—are fueling consistent equipment demand.
- DIY Trends and Gardening as a Hobby:
The post-pandemic era has seen a renewed interest in home gardening and do-it-yourself landscaping, further stimulating the consumer market segment.
Key Players
- Ariens Company
- American Honda Motor Co. Inc.
- Briggs Stratton
- Deere & Company
- Falcon Garden Tools
- Fiskars
- Husqvarna Group
- Robert Bosch GmbH
- Robomow Friendly House
- The Toro Company
Conclusion:
The lawn & garden equipment market is set for substantial growth over the coming decade, supported by innovation, sustainability trends, and rising consumer interest in outdoor living. Companies that focus on developing eco-friendly, smart, and user-friendly equipment will be well-positioned to thrive in this expanding market.
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