Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market Size: Market Outlook and Market Forecast (2024 to 2031)
The Global Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 market is expected to grow annually by 7.2% (CAGR 2024 - 2031). The Global Market Overview of "Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market" provides a special perspective on the major patterns influencing the market in the biggest markets as well as globally from 2024 to 2031 year.
Introduction to Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market Insights
The Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 report adopts a futuristic approach by leveraging advanced technologies such as artificial intelligence, big data analytics, and machine learning to gather market insights. These technologies enable deep data mining and analysis, providing a comprehensive view of market trends, consumer behavior, and competitive landscape. The potential impact of these insights on shaping future market trends is significant, as businesses can make informed decisions, develop innovative products, and implement targeted marketing strategies to stay ahead in the competitive landscape. With a projected CAGR of % during the forecasted period, the market is primed for growth, and the use of advanced technologies in gathering insights will play a crucial role in driving this growth and shaping the future of the residential lawn & garden equipment market.
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Market Trends Shaping the Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market Dynamics
1. Increasing demand for electric and battery-powered lawn & garden equipment: Consumers are becoming more environmentally conscious, leading to a shift towards electric and battery-powered equipment due to their lower carbon footprint and reduced noise levels.
2. Smart technology integration: Manufacturers are incorporating smart technology into lawn & garden equipment, allowing users to remotely control and monitor their devices. This trend is driven by the growing popularity of smart home devices and the convenience they offer.
3. Growing interest in urban gardening: As more people live in urban areas with limited space for traditional gardens, there is a growing trend towards urban gardening using compact equipment such as vertical planters and small-scale tools.
4. Emphasis on ergonomic design: Manufacturers are focusing on developing ergonomically designed equipment that reduces strain and fatigue on users, improving overall comfort and safety. This trend is driven by an increasing awareness of the importance of ergonomic features in preventing injuries and improving productivity.
Market Segmentation:
This Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market is segmented into:
- Deere & Company (US)
- Husqvarna Group (Sweden)
- The Toro Company (US)
- Honda Motor Co., Ltd (Japan)
- Robert Bosch GmbH (Germany)
- Briggs & Stratton Corporation (US)
- Kubota Corporation (Japan)
- AGCO Corporation (US)
- MTD (US)
- Metalcraft of Mayville (US)
- Excel Industries Inc. (US)
- AriensCo (US)
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The Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market Analysis by types is segmented into:
- Manual
- Electric-Powered
- Gas-Powered
- Others
The residential use lawn & garden equipment market includes various types such as manual, electric-powered, gas-powered, and others. Manual equipment relies on human power for operation, while electric-powered equipment runs on electricity, and gas-powered equipment uses gasoline or other fuels. Other types may include battery-powered or hybrid models. Each type offers different levels of convenience, power, and environmental impact, catering to the diverse needs and preferences of homeowners for maintaining their lawns and gardens.
The Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market Industry Research by Application is segmented into:
- Lawnmowers
- Snow Throwers
- Trimmers
- Others
The residential use lawn & garden equipment market includes equipment such as lawnmowers, snow throwers, trimmers, and others that are used for maintaining outdoor spaces. This market is driven by the increasing demand for landscaping and gardening activities in residential areas. The global outlook for this market is positive, with a forecasted growth from 2022 to 2028. Factors such as growing urbanization, rising disposable income, and changing consumer lifestyles are expected to drive the market for residential lawn & garden equipment.
In terms of Region, the Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The residential use lawn & garden equipment market is expected to experience steady growth from 2022 to 2028 in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). The market is projected to be dominated by North America and Europe, with an estimated market share of 40% and 30% respectively. Asia-Pacific is also expected to contribute significantly to the market with a market share of 20%.
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Residential Use Lawn & Garden Equipment Market, Global Outlook and Forecast 2022-2028 Market Expansion Tactics and Growth Forecasts
The Residential Use Lawn & Garden Equipment Market is witnessing rapid expansion through innovative tactics such as cross-industry collaborations, ecosystem partnerships, and disruptive product launches. Companies are joining forces with technology firms to integrate smart features like IoT connectivity and AI-driven tools into their products, enhancing efficiency and user experience. Ecosystem partnerships are enabling manufacturers to offer bundled services like maintenance, installation, and gardening advice, further increasing customer loyalty and brand stickiness. Disruptive product launches, including robotic lawnmowers, battery-powered trimmers, and multi-functional garden tools, are driving market growth by catering to changing consumer preferences for convenience, sustainability, and ease of use. With these strategies in place and ongoing industry trends favoring the adoption of advanced technologies in lawn and garden equipment, the market is forecasted to witness significant growth over the next few years.
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Competitive Landscape
One key player in the competitive residential use lawn & garden equipment market is Deere & Company based in the US. Deere & Company, also known as John Deere, has a long history dating back to its founding in 1837. The company has achieved significant market growth over the years, becoming a global leader in the agriculture and turf machinery industry.
Another major player is Husqvarna Group, a Swedish company known for its high-quality outdoor power products such as lawn mowers, chainsaws, and trimmers. The company has a strong presence in the global market and has experienced steady growth in recent years.
In terms of market size, the global residential use lawn & garden equipment market is expected to reach a value of over $50 billion by 2028. This growth is fueled by increasing demand for landscaping and gardening equipment, as well as technological advancements in the industry.
Some of the sales revenue figures for the above-listed companies are as follows: Deere & Company reported sales revenue of $ billion in 2020, Husqvarna Group reported sales revenue of SEK 41.4 billion (approximately $4.8 billion) in 2020, and The Toro Company reported net sales of $3.1 billion in fiscal year 2020.
Overall, the residential use lawn & garden equipment market is highly competitive, with key players like Deere & Company and Husqvarna Group leading the way in terms of market share and revenue. These companies continue to innovate and expand their product offerings to meet the growing demand for outdoor power equipment worldwide.
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