According to Stratistics MRC, the “Global Garden and Lawn Tools Market” is accounted for $6.66 billion in 2018 and is expected to reach $13.32 billion by 2027 growing at a CAGR of 8.0% during the forecast period. Rising commercial and residential construction projects across the globe and an increasing number of the sports field, public parks, and golf courses in developed and developing countries are the major factors propelling market growth. However, increasing predilection for sports turf and synthetic grass is limiting the market growth.
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A garden and lawn device is any one of various tools made for garden and overlaps with the range of tools for agriculture and horticulture. These tools mainly used for trimming, cutting, aligning, and maintaining lawns' health. In present days the gardening devices are made from light equipment and are easy to handle. Different tools may differ in size depending on their utilization and brand.
Opportunity: Rising demand for smart gardening will provide ample opportunities for the growth of the market.
Smart gardening refers to the incorporation of smart devices to perform gardening activities. Technological advancements allow end-users to make gardening simpler and ensure on-time maintenance. Through smart gardening, end-users can get alarms to add supplements and water to the plants on schedule. They can likewise get information about to climate. These advantages offered by smart gardening may encourage more end-users to adopt smart gardening practices. The increasing shift towards toward smart gardening by end-users has encouraged vendors to develop innovative tools that can be integrated with smart gardening which is providing opportunities in the next few years.
Driver: Increasing eagerness to develop gardens at home is driving the growth of the market.
Increasing interest in the home garden is driving for the growth of the market. Communities around the country are showing interest toward home gardening as an approach to increase nutritious and low-cost produce. In changing demographics and technological advancements, home gardening can be adopted as a practical good option to traditional agriculture. In-home gardening, food is produced without soil sterility or pest problems.
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Depending on the product, lawnmowers segment is expected to grow at the significant market share during the forecast period due to development of innovative lawnmowers, the widespread use of lawnmowers for lawn and garden maintenance in household backyards, public parks and sports field and the rising popularity of the concept of green roofs.
Asia Pacific region is anticipated to hold considerable market share during the forecast period:
By geography, the Asia Pacific region is anticipated to hold considerable market share during the forecast period due to the garden space expansions, growing inclination toward gardening activities in the region, rising disposable income in the developing economies along with strong GDP growth rate and increased standard of living.
Some of the key players profiled in the Garden and Lawn Tools Market include Toro, STIHL, Stanley Black & Decker, Robert Bosch, MTD, Makita U.S.A., Husqvarna, Home Depot Product, Authority, Emak, Blount International and American Honda Motor.
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Husqvarna: In Feb 2019, Husqvarna launched a game-changing robotic mower for homeowners with challenging lawns and connected homes - Husqvarna Automower® 435X AWD. Husqvarna Automower® 435X AWD sets a new standard for robotic mowers, combining a perfect cut in “impossible gardens” with multiple product interactions, including conversational AI for Amazon Alexa and Google Home integration
MTD: In May 2017, MTD entered into a merger agreement with F. Robotics Acquisitions Ltd, makers of Robomow. MTD would merge RoboMow with one of its subsidiaries, enabling opportunities to employ this progressive technology under its brands. The merger was aimed at satisfying the growing demand for robotic technology in residential lawns across North America.
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