Major growth in the industry can be held responsible for the factors: rising adoption in residential and commercial construction industries, technological advancements such as robotic lawn mower and other innovations.
Surging demand for the landscaping services in the U.S., is a major factor instigating global gardening equipment market demand. A noticeable shift to wards technically advanced robotic lawnmowers is further expected to fuel garden tools demand in the near future. Upsurge in demand for hand tools across residential sector owing to the adoption of gardening as a hobby in Asia Pacific and other developing regions will significantly spur the market demand.
“ Global Gardening Equipment Market industry valued approximately USD 78 billion in 2016 is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2017-2025”.
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The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market.
Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Hand Tools
- Trimmers & Edgers
- Water Management Equipment
Some of the key manufacturers involved in the market are Bosch Power Tools, Toro, Kubota, Ariens Co., MTD Products, Honda Power Equipment, Falcon Garden Tools, and Husqvarna Group. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. Other strategies include collaborations, partnerships, and product launches.
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