Worldwide Landscaping Tools Industry to 2026 – North America is the Major Dominating Market – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – Added the report “Landscaping Tools Market – Growth, Trends, Impact of COVID-19, and Forecasts (2021-2026)” added ResearchAndMarkets.com offer.
The global landscaping tools market was valued at $ 27.96 billion in 2020 and is projected to reach $ 37.10 billion by 2026, which has a CAGR of 5% over the forecast period (2021-2026).
Andreas Stihl AG & Co. KG
MTD Products, Inc.
Robert Bosch GMBH
Stanley Black & Decker, Inc.
The Toro Co.
Honda power equipment
Falcon garden tools
Major market trends
Growing trend in gardening in the kitchen / interior
Indoor / kitchen gardening is a practice of growing crops in homes to meet growing household needs in developed countries. This, in turn, has increased the demand for landscaping equipment that can provide simple and convenient gardening measures for consumers. The added value of these tools for landscaping has meant that the demand for them has increased during the period under study.
During the pandemic, many countries saw an increasing trend in home gardening. As people began to question food supply chains, their transparency and food safety, the thought of food shortages became a serious concern. Instead, people started growing their own fresh produce at home to address these concerns. This continues to require the growth of landscaping tools worldwide.
Not only established companies offer consumers solutions for growing their own fresh fruit and vegetables. Emerging companies are realizing the potential of the market and expanding their businesses in the new provinces, where the demand for indoor vegetable gardens is high.
In addition, the gross value of kitchen gardens has increased every year in India, according to the Ministry of Statistics and Program Implementation (MoSPI). This in turn offers the opportunity to increase sales of landscaping tools in the Indian market. The increasing expenditure on garden tools also indicates the possibility of higher demand for garden tools worldwide in the forecast period.
North America is the dominant market
Landscaping and lawn care is a booming business company in North America. This sector is an inexpensive, sweaty profession that provides a jumping-off point and gateway into the mainstream economy for immigrants and first-generation Americans. The growth of this industry has a beneficial effect on the use of landscaping tools. With pollution concerns growing, approximately 80% of the United States’ population remains in urban areas. The people in the country rely on a green backyard for better air quality and leisure activities. This indicates an increasing popularity of landscaping in the country, which is driving the use of garden tools.
Landscaping is also known to add value to property. Therefore, most real estate companies invest in improving the area surrounding the property and expanding the landscaping in the area. Landscaping in Canada has become one of the many forms of ecotourism. Hotels earn about $ 6-7 million a year in additional income from guests willing to pay an extra fee for the view of the green spaces. As a result, more hotels are willing to take advantage of the landscaping in and around the building. Hence, political changes, geographic and demographic suitability, and the use of advanced technologies are the major factors expected to drive the landscaping tools market in North America.
Key topics covered:
2 RESEARCH METHOD
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market drivers
4.3 Market Restrictions
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.2 End users
6 COMPETITIVE LANDSCAPE
6.1 Market share analysis
6.2 Best Adapted Strategies
6.3 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 AN EVALUATION OF THE IMPACT OF COVID-19 ON THE MARKET
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