Lawn & Garden Equipment Market Introduction

The lawn and garden equipment market refers to the range of tools and equipment used for the maintenance and beautification of outdoor spaces such as lawns, gardens, and parks. This includes a wide range of products such as lawn mowers, trimmers, blowers, chainsaws, cultivators, and hand tools such as shovels, rakes, and pruners. These products are used by homeowners, landscapers, and gardeners to maintain lawns and gardens in residential and commercial settings.The lawn and garden equipment market is driven by the increasing demand for landscaping services in residential and commercial properties, as well as the growing popularity of gardening and outdoor activities among consumers. In addition, the market is also influenced by technological advancements in equipment design and materials, which have led to the development of more efficient and user-friendly products.The market is highly competitive, with several key players operating in the global market. These companies offer a wide range of products and services to cater to the diverse needs of consumers, and are constantly innovating and expanding their product portfolios to maintain their market position. The lawn and garden equipment market is expected to grow significantly in the coming years, driven by the increasing demand for landscaping and gardening services, and the growing trend towards outdoor living and recreational activities.

Lawn & Garden Equipment Market Size

The global lawn and garden equipment market size was valued at USD 28.08 billion in 2020 and is expected to reach USD 38.24 billion by 2026, growing at a CAGR of 5.1% during the forecast period from 2021 to 2026. The market growth can be attributed to factors such as the increasing adoption of gardening as a leisure activity, the growing trend of outdoor living spaces, and the rising popularity of green roofs and walls in urban areas. Additionally, the increasing demand for ergonomic and technologically advanced lawn and garden equipment is also driving the market growth.

Lawn & Garden Equipment Market Share

The lawn and garden equipment market is highly fragmented, with the presence of several global and regional players. Some of the key players operating in the market include Deere & Company, Husqvarna AB, MTD Products Inc., The Toro Company, Briggs & Stratton Corporation, STIHL Holding AG & Co. KG, Honda Motor Co. Ltd., Ariens Company, Kubota Corporation, and Robert Bosch GmbH.Deere & Company held the largest share of the global lawn and garden equipment market in 2020, accounting for approximately 20% of the market share. The company's strong market position can be attributed to its wide range of lawn and garden equipment offerings, including riding mowers, walk-behind mowers, and other gardening tools. Husqvarna AB was the second-largest player in the market, with a market share of approximately 18%, followed by MTD Products Inc., which held a market share of approximately 12%.The report also suggests that the market is highly competitive, and the key players are continuously investing in research and development activities to introduce innovative and technologically advanced products to meet the evolving needs of the end-users. Furthermore, the companies are also engaging in mergers and acquisitions, collaborations, and partnerships to expand their market presence and gain a competitive edge over other players in the market.

Lawn & Garden Equipment Market Trends

Here are some current trends in the lawn and garden equipment market:

Battery-powered equipment: Battery-powered lawn and garden equipment, including mowers, trimmers, and blowers, has become increasingly popular in recent years. This is due to the improved battery technology, which allows for longer run times and faster charging, as well as the convenience of not having to deal with gas or cords.Smart technology: Smart technology is becoming more prevalent in the lawn and garden equipment market, with products such as robotic lawn mowers, which can be controlled through a smartphone app. This technology allows for more efficient and convenient lawn maintenance.Sustainable and eco-friendly equipment: There is a growing demand for sustainable and eco-friendly lawn and garden equipment, which is reflected in the increasing availability of products made from recycled materials and those that have low emissions.Multi-functional equipment: Consumers are increasingly seeking out multi-functional lawn and garden equipment, such as trimmers that can also function as edgers, or mowers that can also collect leaves. This allows for greater efficiency and versatility in lawn maintenance.Increased online sales: Online sales of lawn and garden equipment have been steadily increasing, with many consumers opting to purchase equipment online due to convenience and the availability of a wider range of products. This trend has been accelerated by the COVID-19 pandemic, which has led to an increased reliance on e-commerce.

Lawn & Garden Equipment Market Driving Factors

There are several factors driving the growth of the lawn and garden equipment market, some of which are:

Increasing popularity of gardening as a leisure activity: Gardening has become a popular leisure activity among people across the globe. This has led to a surge in demand for lawn and garden equipment such as lawnmowers, trimmers, and leaf blowers.Growing trend of outdoor living spaces: The trend of outdoor living spaces has been gaining popularity in recent years, especially in developed countries. As a result, there is an increasing demand for lawn and garden equipment that can help maintain these outdoor spaces.Rising popularity of green roofs and walls in urban areas: With the increasing focus on sustainability and green initiatives, the popularity of green roofs and walls has been on the rise in urban areas. This has led to a surge in demand for gardening equipment such as planters, water systems, and other tools required to maintain green spaces.Increasing demand for ergonomic and technologically advanced equipment: Consumers are increasingly looking for lawn and garden equipment that is comfortable to use and provides better performance. This has led to the development of technologically advanced and ergonomic equipment, which is driving the market growth.Growing demand from emerging markets: Emerging markets such as Asia Pacific and Latin America are witnessing a rapid increase in urbanization, which is driving the demand for lawn and garden equipment. Additionally, the increasing disposable income of consumers in these regions is also contributing to the market growth.

Lawn & Garden Equipment Market Regional Analysis

The lawn and garden equipment market has a global reach, with different regions having varying levels of demand and growth opportunities. Here is a regional analysis of the lawn and garden equipment market:

North America: North America is one of the largest markets for lawn and garden equipment, driven by the high demand for landscaping services and the popularity of outdoor activities among consumers. The United States is the largest market in the region, accounting for a significant share of the global market.

Europe: Europe is another significant market for lawn and garden equipment, with countries such as Germany, France, and the United Kingdom driving demand. The market in Europe is primarily driven by the increasing trend towards urban gardening and the popularity of DIY landscaping projects.

Asia-Pacific: The Asia-Pacific region is expected to be the fastest-growing market for lawn and garden equipment, driven by the increasing urbanization and the rising demand for landscaping services in countries such as China and India. The market in the region is also influenced by the increasing popularity of outdoor recreational activities and the growth of the construction industry.

Latin America: The lawn and garden equipment market in Latin America is driven by the increasing demand for gardening and landscaping services, particularly in countries such as Brazil and Mexico. The market is also influenced by the growth of the tourism industry, which is driving the demand for outdoor recreational spaces.

Middle East and Africa: The Middle East and Africa region is a growing market for lawn and garden equipment, with increasing demand for landscaping services and the development of green spaces in urban areas. The market is primarily driven by countries such as Saudi Arabia, the United Arab Emirates, and South Africa.

Lawn & Garden Equipment Market Forecasts 2030 

The lawn and garden equipment market is expected to continue growing in the coming years. The global lawn and garden equipment market size is expected to reach USD 38.24 billion by 2026, growing at a CAGR of 5.1% during the forecast period from 2021 to 2026.The report suggests that the increasing popularity of gardening as a leisure activity, the growing trend of outdoor living spaces, and the rising popularity of green roofs and walls in urban areas will continue to drive the market growth. In addition, the increasing demand for ergonomic and technologically advanced lawn and garden equipment is also expected to contribute to the market growth.Furthermore, the report highlights that the market is expected to witness significant growth in emerging markets such as Asia Pacific and Latin America, owing to the rapid increase in urbanization and rising disposable income of consumers. The increasing focus on sustainable and green initiatives is also expected to contribute to the market growth.Overall, the lawn and garden equipment market is expected to continue growing in the coming years, driven by several factors, including the increasing popularity of gardening, the growing trend of outdoor living spaces, and the rising demand for sustainable and technologically advanced equipment.

Lawn & Garden Equipment Market Key Industry Players

Some of the key players operating in the lawn and garden equipment market include:

Husqvarna Group

Deere & Company

MTD Products Inc.

Briggs & Stratton Corporation

The Toro Company

Honda Power Equipment

STIHL Holding AG & Co. KG

Kubota Corporation

Ariens Company

Techtronic Industries Co. Ltd.

These companies are continuously investing in research and development to introduce new and advanced products to the market. They are also focusing on strategic partnerships and collaborations to expand their global reach and customer base. Moreover, they are adopting various marketing strategies to increase their brand awareness and maintain their market position.