Published Date: 30-Jun-2022
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According to a new report, published by KBV research, The Global Gardening Equipment Market size is expected to reach $114 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Residential segment is showcasing a CAGR of 6.6% during (2022 - 2028). This strong demand can be attributed to a rise in single-family homes and an increase in e-commerce transactions for gardening tools. Furthermore, the growing popularity of backyard landscaping among DIYers has fueled the demand for gardening tools in the residential sector.
The Water Equipment segment acquired maximum revenue share in the Global Gardening Equipment Market by Product in 2021, thereby, achieving a market value of $44.7 billion by 2028. This is due to the convenience these types of equipment provide in watering a large garden. Water equipment includes drip irrigation systems, spray systems, rotor systems, etc. Each system has its own unique quality which makes them best suited for its purpose.
The Home Centers segment has shown growth rate of 5.7% during (2022 - 2028). A home center is a huge store that sells a variety of materials and equipment for home remodeling and repairs. These stores are popular because of the versatility of products that they sell.
The North America market dominated the Global Gardening Equipment Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $36.9 billion by 2028. The Europe market is estimated to witness a CAGR of 4.5% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 5.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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