Global Cordless Garden Equipment Market 2018-2022
About Cordless Garden Equipment
Cordless garden equipment is powered by a battery. It ensures user safety and freedom of movement by eliminating the need for a cord. This helps to avoid electrical hazards and other inconveniences encountered while using the corded equipment.
Technavio’s analysts forecast the global cordless garden equipment market to grow at a CAGR of 4.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global cordless garden equipment market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cordless Garden Equipment Market 2018-2022
Technavio recognizes the following companies as the key players in the global cordless garden equipment market: Deere & Company, Husqvarna, Emak, Robert Bosch, and The Toro Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of environment-friendly products. The increasing use of environment-friendly products will drive the growth of the cordless garden equipment market throughout the forecast period. The rising concerns on environment protection are driving the use of environment-friendly cordless garden equipment such as electric garden equipment.”
According to the report, one driver in the market is product innovation and product line extension leading to product premiumization. Manufacturers in the market are focusing on price to differentiate their premium products in their existing product lines. The demand for premium products is increasing due to the improving global conditions and growing spending capability of individuals.
Further, the report states that one challenge in the market is high maintenance requirements. The small and moving components of cordless gardens equipment need to be checked and maintained frequently, and precautionary measures should also be taken at regular intervals.
Deere & Company, Husqvarna, Emak, Robert Bosch, and The Toro Company.