Gardening Equipment Market Revenue, Top Companies, Report 2033

Published Date : 11 Jun 2024

Gardening Equipment Market Revenue and Trends

The global gardening equipment market revenue was valued at USD 68.16 billion in 2023 and is poised to grow from USD 72.39 billion in 2024 to USD 128.67 billion by 2033, at a CAGR of 6.60% during the forecast period 2024 - 2033. The rising consumer preference towards homegrown organic vegetables and fruits is expected to drive the growth of the gardening equipment market.

Gardening Equipment Market Statistics

Market Overview

The gardening equipment market deals with a variety of tools that are specifically designed for horticulture and gardening activities. These tools are basically classified as power tools and hand tools. These types of equipment are used for mowing, trimming, and cutting the grass. The gardening equipment is available in several shapes and sizes and is made according to functions such as roofing, gardening, draining, and others.

The increasing rapid urbanization, increasing demand for landscaping ventures such as vertical gardens, and rising environmental concerns are anticipated to enhance the market growth. In addition, increasing awareness among the people about the negative effects of pesticide residue in food, increasing number of nuclear families, growing demand for apartments, increasing rich population, and adoption of gardening as a hobby are further anticipated to enhance the gardening equipment market during the forecast period.

Gardening Equipment Market Trends

  • The increasing consumer preferences towards garden equipment and electric lawns are expected to enhance market growth.
  • The increasing amplifying demand for automated gardening equipment accelerates the market growth.
  • The growing popularity of kitchen gardening, urban farming, and space gardening is attributed to driving the growth of gardening equipment.

Increased efficiency, better results, and healthier plants to fuel market growth

Using better gardening equipment can increase efficiency by making gardening tasks quicker and easier. For instance, pruning shears makes plants more precise and faster than using a regular knife or scissors. Gardening equipment such as hoes, rakes, and shovels can speed up tasks like weeding and digging, enabling gardeners to complete their work with less time and less effort. In addition, gardening equipment can help achieve the best gardening results. For instance, utilizing a garden fork to accelerate soil can improve root growth, air circulation, and drainage in plants, leading to stronger and healthier plants.

In addition, using a watering hose or can with a spray nozzle can help to deliver water more properly and make sure that plants get the water they need without underwatering or overwatering. These are the major advantages of gardening equipment that are expected to enhance the growth of the gardening equipment market.

However, heavy maintenance costs may restrain market growth. One of the major challenges experienced by the market is the high maintenance costs related to power tools. While power equipment offers efficiency and convenience in completing gardening tasks, it also needs regular maintenance to ensure excellent longevity and performance. This can involve tasks such as periodic replacement, lubrication, and cleaning of worn-out parts.

The heavy maintenance costs can create a hurdle to market development, as some customers may hesitate to make investments in power tools that need ongoing upkeep and maintenance. In addition, high maintenance costs can also negatively affect the profitability of distributors and manufacturers in the industry. Furthermore, the effort and time spent on maintenance activities can divert the focus of distributors and manufacturers from other areas, such as innovation and production. These factors may restrain the growth of the gardening equipment market.

Gardening Equipment Market Highlights

Report Attribute Key Statistics
Market Revenue in 2024 USD 72.39 Billion
Market Revenue by 2033 USD 128.67 Billion
Market CAGR 6.60% from 2024 to 2033
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Gardening Equipment Market Top Companies

  • The Toro Company
  • Robomow Friendly House
  • Robert Bosch GmbH
  • Husqvarna Group
  • Fiskars
  • Falcon Garden Tools
  • Deere & Company
  • Briggs Stratton
  • American Honda Motor Co. Inc.
  • Ariens Company

Recent Innovation in the Gardening Equipment Market by FELCO

  • In April 2023, the world leader in horticulture and pruning tools, FELCO, launched a new range of gardening hand equipment. These new gardening varieties are designed to help both home gardeners and landscapers get the most out of their gardening experience. The gardening hand tool range involves a Swiss Hori-Hori fork, weeder, cultivator, and trowel. All are crafted with specific functions to help with gardening tasks.
  • In January 2024, a collection of stylish new gardening tools backyard was launched by IKEA. This tool was designed to be used especially in summer. It also helps in woven flower boxes, watering cans, wooden planters, and terracotta pots.

Regional Insights

Asia Pacific is expected to grow fastest during the forecast period. The increasing large number of manufacturers of gardening equipment, rising interest in landscaping and gardening, rising population growth, and increasing disposable income are anticipated to drive the growth of the gardening equipment market in Asia Pacific. China, India, Japan, and South Korea are the major leading countries in the Asia Pacific region. China has the largest share of the market, and the gardening equipment industry has experienced potential growth in recent years.

Some of the major exporters and manufacturers, such as Garden Master Tools Group, XYZ Garden Equipment Manufacturing Co., and ABC Garden Tools Co., have developed significant presence internationally and domestically and provide garden equipment to various markets around the world. China’s garden equipment industry is focused on a specific manufacturing hub. The Chinese gardening equipment industry provides a wide range of products to meet different gardening demands. Some major gardening equipment in China includes garden hoses, watering cans, hedge trimmers, shears, rakes, and spades. These are the major factors expected to enhance the growth of the market in the Asia Pacific region.

North America dominated the gardening equipment market in 2023. The increasing demand for instruments with batteries, increasing demand for portable yard landscaping, lightweight and battery-powered gardening equipment, and increasing adoption of rates of advanced and power tools are anticipated to drive the growth of the market in North America. The U.S. and Canada are the major countries in North America. In the U.S., gardening tools encompass a wide range of devices and tools designed to aid individuals in maintaining and cultivating gardens, whether for professional or recreational purposes.

Consumers prefer hand tools for gardening tasks such as pruning, weeding, planting, and digging. In the U.S., demand for gardening tools is accelerated by a combination of economic, environmental, social, and personal factors. The market in the U.S. is diverse and dynamic, offering the preferences and needs of a varied and large demographic of gardening experts. These are the major factors expected to drive the growth of the gardening equipment market in North America.

Market Potential and Growth Opportunity

Increasing use of various infrastructures

The rising demand for gardening tools for various infrastructures such as golf courses, public parks, and sports fields will enhance market growth. The increasing demand for landscaping services in developing countries aids in market growth. Furthermore, awareness in people related to environmental protection, the increasing adoption of gardening as a hobby, and the rising popularity of vertical gardening are helping in gardening. These are the major opportunities anticipated to drive the growth of the gardening equipment market in the coming years.

Gardening Equipment Market News

  • In September 2023, the Butte County Air Quality Management District launched a program to assist non-profits, landscapers, public agencies, and local businesses in replacing their gardening equipment and gas-powered lawns with electric. These electric gas-powered lawn tools included leaf blowers, lawnmowers, and more.
  • In October 2022, Toro launched its first-ever lifestyle product, robotic mower lawn equipment. It has the new attachment-capable trimmer system and has various new super recycler models. The aim behind this launch was to transform lawn care for homeowners.

Market Segmentation

By Product

  • Lawn Mowers
    • Handheld Power Tools
    • Trimmers & Edgers
    • Chainsaws
    • Leaf Blowers
    • Others
  • Hand Tools & Wheeled Implements
    • Long Handled Tools
    • Short-Hand Tools
    • Cutting & Pruning Tools
    • Striking Tools
    • Wheeled Implements
  • Water Equipment

By Sales Channel

  • Home Centers
  • Lawn & Garden Specialty Stores
  • National Retailers & Discount Stores
  • Hardware Stores
  • E-commerce

By End Use

  • Residential
  • Commercial/Government

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