Garden and Lawn Tools Market to grow by USD 3.06 Billion from 2023-2028, driven by product launches, Report on AI-powered market evolution - Technavio

Key Companies and Competitive Landscape

The lawn equipment industry features key players:

• Husqvarna AB: Pioneers robotic lawn mowers and commercial lawn tools, excelling in smart gardening equipment.
• Stanley Black & Decker Inc.: Offers DIY gardening tools and electric garden equipment via BLACK+DECKER.
• Deere & Co.: John Deere leads in sustainable landscaping tools for both residential and commercial use.
• Honda Motor Co. Ltd.: Known for reliable lawn mowers and leaf blowers sales.
• Makita Corp.: Drives battery-powered lawn tools innovation.

Other garden tool manufacturers include Emak Group, Excel Industries Inc., MTD Products Inc., Robert Bosch GmbH, The Toro Co., enhancing the Garden Tools Market with diverse offerings.

Market Overview and Growth Drivers

The Garden Tools Market, part of the broader global lawn care market, includes DIY gardening tools, commercial lawn tools, and more. Technavio’s analysis identifies lawn mower market growth and new product launches as key drivers. Global gardening trends—like increased interest in sustainable landscaping—are pushing demand for sustainable landscaping tools and electric garden equipment, especially in urban areas.

The residential gardening market thrives as homeowners invest in outdoor spaces, boosting leaf blowers sales and hedge trimmers demand. Meanwhile, urban gardening equipment supports small-space solutions, reflecting a shift toward greener living. Garden tool manufacturers like Honda Motor Co. Ltd. and Makita Corp. are responding with battery-powered lawn tools and ergonomic designs, aligning with gardening tools forecast predictions of steady growth.

Emerging Trends: Smart and Sustainable Solutions

Smart gardening equipment is reshaping the lawn equipment industry. Husqvarna AB and Robert Bosch GmbH integrate IoT into robotic lawn mowers, offering remote control features. Eco-friendly gardening tools, like battery-powered lawn tools from Makita Corp., align with sustainable landscaping tools demand, reducing emissions. Urban gardening equipment also rises, with hedge trimmers demand growing in compact spaces, per global gardening trends.

Challenges Facing the Industry

The Garden Tools Market faces hurdles. Renting commercial lawn tools over buying impacts leaf blowers sales in cost-sensitive regions. High costs of smart gardening equipment like robotic lawn mowers deter some buyers, though garden tool manufacturers like MTD Products Inc. offer affordable alternatives.

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Detailed Market Segmentation

Technavio segments the Garden Tools Market by product, end-user, and geography:

Product Segmentation:

• Lawn Mowers: Leading the lawn mower market growth, this segment benefits from robotic lawn mowers like Husqvarna’s Automower, driving the projected USD 3.06 billion increase.
• Power Tools: Including hedge trimmers demand and leaf blowers sales, this category grows with battery-powered lawn tools from Makita Corp.
• Hand Tools: Essential for DIY gardening tools, Stanley Black & Decker Inc. dominates here with durable options.
• Garden Accessories: Supporting urban gardening equipment, this includes hoses and planters for hobbyists.

End-User Segmentation:

• Residential Gardening Market: The largest segment, driven by global gardening trends and home lawn care, favors electric garden equipment and smart gardening equipment.
• Commercial Lawn Tools: Serving landscapers and municipalities, this segment grows with landscaping tools technology for large-scale projects.

Geographic Segmentation:

• North America: Holds a major share in the global lawn care market, with residential gardening market strength in the U.S., led by The Toro Co.
• Europe: Boosted by community gardening, eco-friendly gardening tools from Robert Bosch GmbH thrive here.
• Asia-Pacific (APAC): Forecast for the highest growth in gardening tools forecast, APAC’s urban gardening equipment demand rises in China and India.
• South America and MEA: Emerging global gardening trends support moderate gains.

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Why Segmentation Matters

Segmentation reveals the residential gardening market as a growth engine, with lawn mower market growth leading products. APAC’s rise in gardening tools forecast signals opportunity, guiding garden tool manufacturers to target emerging markets with electric garden equipment and DIY gardening tools.

Report Insights and Availability

Technavio’s analysis provides insights into global lawn care market trends, challenges, and opportunities. With forecasts and segmentation data, it’s a vital tool for stakeholders. Request a sample report for detailed regional and competitive insights.

About Technavio

Technavio, a top research firm, delivers market insights across 800 technologies and 50 countries. With 500+ analysts and 17,000+ reports, it serves over 100 Fortune 500 firms, empowering businesses in the Garden Tools Market and beyond.