About Garden Tools
With the recovery of the global economy, the spending on garden and lawn care equipment has received a boost. This trend is expected to gain momentum during the forecast period with a growing demand for landscaping and higher disposable income in developed regions. Moreover, consumers who postponed replacing their outdated equipment owing to the recession of 2008-2009, have now started looking for new equipment with better and advanced features, which will again aid in the growth of the market.
Technavio’s analysts forecast the global garden tools market to grow at a CAGR of 4.97% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global garden tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of garden tools.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Garden Tools Market 2017-2021
Technavio recognizes the following companies as the key players in the global garden tools market: Husqvarna, MTD, Robert Bosch, STIHL, and Toro
Other Prominent Vendors in the market are: Stanley Black & Decker, Home Depot Product Authority, Makita U.S.A., Emak, Blount International, American Honda Motor, and Deere & Company.
Commenting on the report, an analyst from Technavio’s team said: “One of the major trends being witnessed in the market is the increasing demand for cordless tools. The global cordless garden and lawn tools segment is expected to grow at a CAGR of over 5% during the forecast period. The increasing preference for enhancing the aesthetic appeal of residential and commercial properties is driving the growth of this market. Landscaping is perceived to increase the value of properties by nearly 12%. Unfavorable weather conditions such as dry summers, floods, and heavy snowfalls create a demand for the repair of trees, lawns, hedges, and gardens, which also triggers the need for cordless garden and lawn tools. The lawn mower segment dominated the market during 2015, accounting for a share of 36%. Battery-powered lawn mowers are portable, eco-friendly, and easy to start and maintain, which add to their popularity.”
According to the report, in the coming years, the demand for garden and lawn tools will increase with the need for maintaining the increasing number of golf courses, parks, and public gardens. Public parks and gardens constitute a major application segment of the garden and lawn tools space. Different types of garden and lawn tools such as power lawn mowers are used in many government properties, parks, schools, and roads for landscaping purposes. Products such as zero-turn mowers are used to maintain highway medians and public areas.
Further, the report states that artificial grass turfs have been gaining rapid popularity in recent years. Artificial lawns are made of porous latex matting that helps in fast drainage and in retaining the color and shape for over a decade. Also, artificial grass turfs do not require mowing, fertilizers, and watering like natural grass. Therefore, artificial grass turfs are preferred as a money-saver option by many.
Husqvarna, MTD, Robert Bosch, STIHL, Toro, Stanley Black & Decker, Home Depot Product Authority, Makita U.S.A., Emak, Blount International, American Honda Motor, Deere & Company.
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