Global Gardening Equipment Market Report and Forecast 2024-2032

Global Gardening Equipment Market Outlook

The global gardening equipment market attained a value of USD 94.69 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.95% to reach a value of USD 134.11 billion by 2032.

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The Residential Segment to Account for a Substantial Market Share of the Global Gardening Equipment Industry

The residential segment is projected to account for a substantial share of the global gardening equipment industry owing to the rapid urbanisation as well as an increase in disposable and discretionary income. Furthermore, the increase in popularity of outdoor activities has prompted the necessity of backyard maintenance for garden parties and backyard cooking, which, in turn, is bolstering the demand for garden equipment. Additionally, the ageing population of first world countries like the United States and Germany is spending more time gardening because of its many health, therapeutic, and social benefits, thus, boosting the sales of gardening equipment. In addition to this, residential construction projects have also increased because of the development of nuclear family culture, which has paved the way for tiny garden cultivation in flat systems, leading to increased sales of hand tools like snips and shears. Meanwhile, the COVID-19 pandemic has led to a rise in popularity of gardening because of the implementation of stay-at-home orders, leading to more leisure time and the cancellation of gardening and lawn mowing services. This has significantly contributed to the growth of the gardening equipment industry.

North America to Provide Significant Growth Opportunities to the Gardening Equipment Industry

Geographically, North America accounts for a significant share in the industry owing to the growing interest in gardening activities among the young population, the presence of prominent key players within the region such as Briggs & Stratton, and relatively higher disposable and discretionary income compared to the rest of the world. According to the National Gardening Association (NGA), a significant number of families in the United States cultivate food at home or in a community garden. Meanwhile, the gardening equipment industry is expected to flourish over the forecast period because of innovation in power tools and shifting consumer preferences.

Gardening Equipment: Market Segmentation

Gardening equipment is any tool or equipment designed to execute various operations that aid in the efficient, easy, timely, and cost-effective completion of day-to-day farm tasks. They overlap with a variety of agricultural and horticultural tools and have revolutionised gardening worldwide.

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By product, the market is divided into:

• Hand tools
• Lawnmowers
• Trimmers and Edgers
• Water Management Equipment
• Others

Based on end use, the industry can be segmented into:

• Residential
• Commercial/Government

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Focus on Organic Farming to Bolster the Growth of the Gardening Equipment Industry

The global gardening equipment industry is being driven by the increasing demand for organic farming across the globe. The rising environmental concern and the increasing global demand for organic produces are supporting the growth of the industry. Additionally, the rising public awareness about the negative effects of pesticides on health is constantly driving the demand for sustainable farming, which is expected to further boost the growth of the industry. In the post-COVID era, the growing adoption of organic farming as a result of the increased health consciousness among consumers after the COVID-19 outbreak is expected to significantly contribute to the gardening equipment industry growth.

Key Industry Players in the Global Gardening Equipment Market

The report gives a detailed analysis of the following key players in the global gardening equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Ariens Company 
• Briggs & Stratton
• Deere & Company
• Honda Power Equipment
• Husqvarna Group
• Falcon Garden Tools
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report