The Europe Gardening Equipment Market would witness market growth of 4.5% CAGR during the forecast period (2022-2028).
An upsurge in demand for ergonomic tools developed for lawns and gardens, as well as the growing geriatric population, might be attributed to the market's rise. In addition, in 2021, growth in disposable income combined with cheaper housing rates has increased the number of real-estate developments in many economies. Furthermore, increased millennial interest in transforming outdoor spaces into relaxing places, such as lounges, entertainment, outdoor kitchens, and so on, has been recognized as one of the market's emerging trends.
Over the forecast period, the market is expected to rise due to the rising popularity of do-it-yourself landscaping projects. DIY projects are actions carried out by people of all ages, including homeowners, hobbyists, and enthusiasts, to maintain, repair, and rebuild their backyards, the majority of which fall under the category of home renovation. The market is expected to benefit from rising construction spending on new single-family homes and a growing preference for Do-It-Yourself (DIY) projects. Garden tool makers are responding to the growing popularity of DIY by introducing low-cost, easy-to-use garden tools with ergonomic designs for home use.
Governments in this region are more likely to prioritize the preservation of greenery. Several activities are underway to make the region more environmentally friendly. The implementation of the European Green Deal marks a crucial turning point in the regional governments' policy. According to the European Commission, as part of the European Green Deal, the EU biodiversity policy for 2030 commits to planting at least 3 billion additional trees in the European Union by 2030, all while adhering to ecological principles. The MapMyTree counter was launched on December 9, 2021.
It has been counting new trees that match the criteria of the 3 Billion Trees Pledge since the EU biodiversity strategy was implemented in May 2020. The map that goes with it shows where trees have been planted in various methods around the EU. Users can view planted trees by nation or zoom in on specific places by selecting the NUTS1 through NUTS3 settings. The different shades of green signify tree density in different geographic areas, with darker colors representing a higher average tree volume per square kilometer of landmass. With regional governments' rising attempts to create a green economy, the need for a solution to manage the environment around these trees will grow.
The Germany market dominated the Europe Gardening Equipment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,397.5 million by 2028. The UK market is estimated to grow at a CAGR of 3.6% during (2022 - 2028). Additionally, The France market would witness a CAGR of 5.3% during (2022 - 2028).
Based on End use, the market is segmented into Commercial/Government and Residential. Based on Product, the market is segmented into Water Equipment, Lawn Mowers, Handheld Power Tools, and Hand Tools & Wheeled Implements. Based on Sales Channel, the market is segmented into Lawn & Garden Specialty Stores, National Retailers & Discount Stores, Home Centers, E-commerce, and Hardware Stores. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Gardening Equipment Market will Hit $114 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Honda Motor Co. Ltd., Deere & Company, The Toro Company, Fiskars Brands, Inc., Husqvarna Group, MTD Products, Inc., Falcon Garden Tools Pvt. Ltd., AriensCo, and Briggs & Stratton, LLC.
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