Gardening Equipment Market Dynamics: Recent Developments and 2023 Business Outlook from Elvic Jordan's blog

Gardening Equipment Market Overview

The Global Gardening Equipment Market is expected to reach a value of USD 98.4 billion in 2023, and it is further anticipated to reach a market value of USD 169.6 billion by 2032 at a CAGR of 6.2%.

This growth is driven by several factors, including rising urbanization, increasing disposable incomes, growing awareness of the benefits of gardening, and advancements in gardening equipment technology.

Market Key Takeaways

• The growing popularity of urban gardening and landscaping is driving demand for gardening equipment.
• The rise of cordless and battery-powered tools is making gardening more convenient and accessible.
• The increasing adoption of smart gardening technologies is providing new opportunities for market growth.

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Market Leading Segmentation

• Lawnmowers
• Handheld Power Tools
• Hand Tools & Wheeled Implements
• Water Equipment

• Hardware Stores
• E-Commerce
• Home Centers
• Lawn & Garden Specialty Stores
• National Retailers & Discount Stores

• Residential
• Government / Commercial

Market Top Players

• Falcon Garden Tools
• Deere & Company
• Fiskars
• Husqvarna Group
• Ariens Company
• Briggs Stratton
• The Toro Company
• Robert Bosch GmbH
• Honda Motor Co Ltd
• Hitachi Ltd
• Other Key Players

Market Demand

Demand for gardening equipment is expected to remain strong in the coming years, driven by the factors mentioned above. In addition, the growing popularity of home improvement projects and the increasing number of DIY enthusiasts are also expected to contribute to demand growth.

Market Trends

Several key trends are shaping the gardening equipment market, including:

• The rise of smart gardening technologies, such as smart irrigation systems and robotic lawnmowers.
• The increasing popularity of cordless and battery-powered tools.
• The growing demand for sustainable and eco-friendly gardening products.

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Market Opportunities

There are several opportunities for companies operating in the gardening equipment market, including:

• Developing innovative smart gardening technologies.
• Expanding into new markets, such as developing countries.
• Expanding product offerings to include sustainable and eco-friendly products.

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