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The detailed research report on the global (Gardening Equipment Market) market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
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The gardening equipment market is expected to grow significantly, driven by the increasing demand for gardening tools and equipment from homeowners, farmers, and professional landscapers. Moreover, the rise in disposable income and the growing population are expected to drive the demand for gardening equipment. Increasing awareness about the benefits of gardening and the availability of new and improved products are expected to further drive the market.
The increasing popularity of hydroponic systems and the growing use of technology to create automated systems are also expected to contribute to the growth of the market.
Key Takeaways from Market Study
Throughout the previous five years, the gardening equipment market grew at a CAGR of 5%, and by 2031, it is expected to significantly increase in value. According to product, lawn mowers are anticipated to dominate the market.
Due to an increase in gardening activities during the past ten years, the residential sector has experienced the fastest growth among the end uses.
The largest market in terms of revenue is anticipated to be North America in 2021, and if current trends continue, the region will account for one-fourth of the global market by 2031. Through 2031, the market in Western Europe is anticipated to grow at a high single-digit CAGR. Manufacturers of gardening equipment anticipate finding lucrative markets in the U.S., Germany, and France. Due to an increase in gardening activities across all regions, growth remained strong during the COVID-19 crisis. Demand is anticipated to increase steadily throughout the short, medium, and long terms.
“Product innovation while keeping changing consumer preferences in mind will aid market growth over the coming years,” says a Fact.MR analyst.
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Key Companies Profiled
Stanley Black & Decker, Inc Blount International Inc Robert Bosch GMBH Deers and Co The Toro Co Kubota Corp Alamo Group Inc Briggs and Stratton Corp The Ames Companies Inc Estwing Manufacturing Company Inc
Key Points Covered in Gardening Equipment Market Report:
Market Estimates and Forecasts (2016-2031) Key Drivers and Restraints Shaping Market Growth Segment-wise, Country-wise, and Region-wise Analysis Competition Mapping and Benchmarking Brand Share and Market Share Analysis Key Product Innovations and Regulatory Climate COVID-19 Impact on Gardening Equipment and How to Navigate Recommendation on Key Winning Strategies
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Key Market Segments Covered
Hand Tools Cape Cod Weeders Paving Weeders Fishtail Weeders Shears and Snips Lawnmowers and Trimmers Edger By End Use By Distribution Channel
Online Sales Retail Sales Distributor Sales
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