Over the forecast period (2022-2032), the global gardening tools market is projected to expand at a value CAGR of 4.4% to reach a market valuation of US$ 13.4 Bn by 2032. Market growth is being driven by the ongoing demand for landscaping in commercial farming & agricultural, recreation centers, public institutions, offices, and business spaces.
Spending on recreational activities is anticipated to grow over the next several years due to rising customer purchasing power and per capita disposable income. In order to maintain a standard of living owing to societal pressure, people also invest time and money in gardening and gardening tools. The market for gardening equipment, particularly in emerging nations, will enjoy positive demand, given the rise in expenditure on lawn and garden maintenance activities.
Request a Sample to Obtain Authentic Analysis and Comprehensive Market Insights at – https://www.persistencemarketresearch.com/samples/17011
Increased demand for gardening tools for activities such as cutting, trimming, and maintenance of commercial gardens and lawns, especially at sports courts and golf courses, is being driven by increased infrastructure development.
Key Takeaways from Market Study
- By operating type, manual tools are expected to witness prominent growth at a CAGR at 4%, since manual tools are easy to maintain and are available at low cost.
- By product type, demand for shear and pruning tools is projected to increase at 3.7% CAGR by volume during the period of 2022 to 2032.
- By region, Europe is anticipated to witness substantial growth in gardening tool sales with a value share 29% in the global market.
- Among all the countries, sales in the U.S. and China are expected to increase at high CAGRs in terms of value.
- By sales channel, online sales are anticipated to hold a prominent market share of 66.2%.
- By end use, the commercial sector is expected to expand Y-o-Y at 3.8% in 2022.
“Demand for gardening tools is mostly influenced by seasonal customer choices; however, private usage has increased recently. A majority of end users now engage in DIY gardening. Expansion and investments in the commercial and residential sectors are driving overall growth of the market. Electric gardening equipment with advanced technology is anticipated to accelerate market expansion,” says a Persistence Market Research analyst.
Competitive Landscape
Leading manufacturers of gardening tools include Stanley Black & Decker, Inc., The Ames Companies Inc., CobraHead LLC, Estwing Manufacturing Company, Seymour Midwest LLC, Bully Tools, Inc., Zenport Industries, Ray Padula Holdings, LLC, Root Assassin Shovel LLC, Lee Valley Tools Ltd., Garden Tool Company, Fiskars Group, Husqvarna Group, and FELCO S.A.
To gain a competitive edge in the market, players are focusing on research & development to launch new variants of tools. Apart from this, market players are investing in strategic collaborations, mergers, and acquisitions to expand their global footprint.
For instance:
- In 2021, FELCO S.A launched new FELCO 201 loppers, which are available in three sizes, and use an entirely redesigned cutting heads for more efficiency and precision.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global gardening tools market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
No comments:
Post a Comment