Garden Tools Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Garden Tools Market.
The global Garden Tools Market size was estimated at USD 33.56 billion in 2023 and is projected to reach USD 42.2 billion in 2030 at a CAGR of 7.6% during the forecast period 2024-2030.
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The Garden Tools market encompasses a diverse range of implements tailored specifically for gardening and landscaping tasks, such as digging, cutting, pruning, and weeding. These tools play a crucial role in enhancing efficiency and effectiveness in maintaining gardens and outdoor spaces.
However, alongside these trends, the industry faces challenges that require careful consideration. Issues such as the potential for physical strain and injury from improper tool use, environmental concerns associated with gasoline-powered equipment, and the necessity for regular maintenance hinder the widespread utility and advancement of garden tools.
North America to Dominate the Market
In 2022, North America is projected to lead the market, with the U.S. region holding a dominant position since 2021. The trend towards lightweight and portable battery-powered equipment for garden landscaping is expected to drive market growth throughout the forecast period. There is an increasing demand for battery-equipped tools, fueled by their convenience and eco-friendliness, which is set to further bolster market expansion.
Competitive Landscape
· Husqvarna Group
· STIHL Group
· Deere & Company (John Deere)
· Toro Company
· MTD Products Inc.
· Honda Power Equipment
· Black & Decker (Stanley Black & Decker)
· Fiskars Group
· Bosch Power Tools
· Makita Corporation
· Ryobi Limited
· Echo Incorporated
· Ariens Company
· Kubota Corporation
· Worx (Positec Tool Corporation)
· Snapper Inc. and More
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Recent Developments
In January 2024, John Deere and Corteva partnered to integrate customized agronomic solutions for farmers. This collaboration facilitated streamlined access to Corteva's agronomic recommendations through the John Deere Operations Center, combining Deere's advanced digital capabilities with Corteva's deep agricultural expertise.
In April 2021, ZAMA Corporation, a subsidiary of STIHL, and the Elrad International Group have established a joint venture focused on electronic assembly production. Following approval from antitrust authorities, the companies signed an agreement to form ZE Electronic Manufacturing Service Ltd. Under this partnership, ZAMA will hold a majority stake of 51 percent, with Elrad retaining the remaining 49 percent ownership.
The Garden Tools Market is segmented into various segments such as Product, End-Use, Distribution Channel, and Region:
Based on Product
· Hand Tools
· Lawnmowers
· Trimmers and Edgers
· Water Management Equipment
Based on the End - Use
· Residential
· Commercial/Government
Based on the Distribution Channel
· Online Sales
· Retail Sales
· Distributor Sales
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In addition to the market data for the Garden Tools Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Frequently Asked Questions
What are the years considered to study Garden Tools Market intelligence report?
The Garden Tools Market is studied from 2024-2030.
What is the compound annual growth rate (CAGR) of the Garden Tools Market?
The Garden Tools Market is growing at a CAGR of 7.6% during the forecast period.
Which region holds the largest market share in Garden Tools Market?
North America holds the highest share in 2023 for Garden Tools Market.
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