Market Size and Overview: 

 The Garden Equipment Market was valued at USD 68.49 billion in 2023. Over the forecast period of 2024-2030, it is projected to reach USD 107.13 billion by 2030, growing at a CAGR of 6.60%. 

Gardening equipment encompasses a variety of tools tailored for gardening and horticultural activities. These tools are typically divided into hand tools and power tools, serving purposes such as grass cutting, trimming, and mowing. They come in various sizes and configurations, designed specifically for tasks such as drainage, gardening, and roofing, among others.

Key Market Insights:

The lineage of modern garden tools can be traced back to ancient agricultural implements. Hand tools such as the axe, sickle, scythe, pitchfork, and shovel have been essential in gardening practices, especially in home gardening contexts. Meanwhile, power tools are increasingly popular in both commercial and residential settings due to their enhanced efficiency and effectiveness, a trend expected to fuel market growth.

Garden Equipment Market Drivers:

The increasing utilization of gardening power tools for do-it-yourself (DIY) projects is propelling market growth.

The rise in DIY projects is particularly notable among consumers in developed regions like North America and Europe, where high living standards and evolving habits are prevalent. Additionally, the growth of the DIY market is being driven by increasing discretionary income and a growing population in developing countries, boosting sales of landscaping power tools.

Opting for DIY projects instead of hiring expensive personnel for gardening tasks enables consumers to achieve long-term cost savings, leading to a growing demand for gardening power equipment among DIY enthusiasts.

The emergence of e-commerce has further simplified access to products and discounts for customers. Moreover, the cost-effectiveness of utilizing DIY gardening tools rather than engaging costly personnel for garden maintenance tasks is a significant factor driving the adoption of DIY gardening tools.

Garden Equipment Market Restraints and Challenges:

High maintenance costs pose a challenge to market growth. Gardening equipment, especially power tools, faces significant maintenance costs. While these tools offer convenience and efficiency, they require regular maintenance for optimal performance. The substantial maintenance expenses can hinder market growth, as consumers may prefer traditional manual tools over power tools that demand ongoing maintenance and upkeep. Additionally, maintenance costs can impact the profitability of manufacturers and distributors, requiring significant resources for repairs and replacements.

To address this challenge, manufacturers are investing in research and development to create power tools with improved durability and reliability, reducing the need for frequent repairs and maintenance. Furthermore, manufacturers are extending warranty periods and offering repair services to ease the financial burden associated with maintenance costs.

Garden Equipment Market Opportunities:

The increasing interest in hydroponic gardening presents significant opportunities. Hydroponic gardening methods are gaining popularity in industrial farming settings due to their ability to produce 3 to 10 times higher crop yields compared to traditional soil-based cultivation within the same space. Hydroponic systems regulate pH levels and fertilizers, recycle unused water, and promote sustainability.

By cultivating plants indoors, farmers gain control over temperature and lighting, enhancing plant productivity. These systems can be designed to maximize vertical space utilization and increase crop density. Additionally, hydroponic farming allows cultivation in areas with unfavorable soil conditions, driving demand for gardening equipment as the use of hydroponic systems expands in industrial agriculture.

Segmentation of the Garden Equipment Market:

By Product:

1. Hand Tools
2. Lawnmowers
3. Trimmers and Edgers
4. Water Management Equipment
5. Others

Over the projected period, the lawnmower segment is expected to experience a Compound Annual Growth Rate (CAGR) of 6.8%. Market expansion is primarily driven by the rapid adoption of advanced technological equipment, providing consumers with increased convenience and ease of use. There is a rising prominence of handheld motor tools, including chainsaws, edgers, trimmers, and leaf blowers. Anticipated reductions in Li-ion battery costs following geopolitical events, such as the conflict in the Russian Ukraine, are also expected to contribute to market growth.

The segment covering hand tools and motorized implements includes various categories such as cutting and pruning tools, handled tools, short-hand tools, wheeled implements, and striking tools. It encompasses long-handled instruments like rakes, hoes, spades, forks, and weeders. Forecasts indicate that the market for hand tools and wheeled utensils will grow at a CAGR of 3.8% during the projection period. Furthermore, the market is expected to expand as the usage of folding shovels becomes more prevalent for landscaping tasks.

By End-Use:

1. Residential
2. Commercial/Government

Throughout the forecast period, the commercial/government sector is projected to expand at a Compound Annual Growth Rate (CAGR) of 5.9%. This segment includes gardening activities for commercial properties such as office buildings, motels, public buildings, sports fields, and other accommodation facilities. The growth of this sector is expected to be driven by the continuously increasing global tourism and leisure sectors, which are anticipated to contribute significantly to its expansion.

By Distribution Channel:

1. Online Sales
2. Retail Sales
3. Distributor Sales

Online sales are expected to be the predominant channel, contributing an estimated 15.90 percent of market revenue. Market growth throughout the forecast period is anticipated to be supported by manufacturers' increasing preference for e-commerce platforms. This preference allows them to enhance their market presence and conduct commercial activities with ease, thereby facilitating market development.

Segmentation of the Garden Equipment Market by Region:

1. North America
2. Europe
3. Asia Pacific
4. South America
5. Middle East & Africa

North America dominates the gardening equipment market due to its high living standards and a surge in new housing construction activities. The U.S. region is expected to maintain market leadership throughout the projection period, commanding over 72% of the global industry. The forecast period anticipates increased demand for battery-powered, lightweight, and portable yard landscaping tools, along with a preference for battery-operated instruments, further supporting market expansion. With a mature market boasting high adoption rates of power tools and advanced gardening equipment, North America remains a pivotal player in the industry.

Meanwhile, Asia-Pacific (APAC) is forecasted to witness substantial growth during the period, driven by factors such as rising disposable income and the availability of cost-effective labor. APAC is projected to experience a Compound Annual Growth Rate (CAGR) of 6.9% owing to rapid infrastructure development across the region. Despite the adverse impact of COVID-19 on key economies like China, India, and Japan, the region's stable economic conditions, characterized by a high GDP, stimulate increased household investments, favoring the gardening equipment market. Additionally, the growth in APAC is attributed to factors such as population growth, rising disposable income levels, and a growing interest in gardening and landscaping. The presence of numerous gardening equipment manufacturers in the region further drives market growth.

In Europe, the demand for gardening equipment is primarily driven by factors such as urbanization, the increasing popularity of gardening as a recreational activity, and the rising demand for landscaping services.

COVID-19 Pandemic: Impact Analysis

The onset of the COVID-19 pandemic in early 2020 resulted in a minor downturn in the gardening equipment market. This slowdown can be attributed to reduced consumer demand for garden and tool tools, coupled with temporary storefront closures. However, favorable environmental conditions, an extended growing season, and increased preference among gardeners for online purchasing channels mitigated the pandemic's impact. Additionally, public health guidelines recommending individuals to spend more time at home to mitigate the spread of COVID-19 prompted heightened interest in gardening activities, consequently driving up the demand for gardening tools.

Latest Trends/Developments:

ZAMA Corporation, a subsidiary of STIHL, and the Elrad International Group have announced a high-end collaboration to establish a joint venture dedicated solely to the production of electronic assemblies. The agreement for this joint venture was signed by both companies and subsequently approved by relevant antitrust authorities, forming an alliance between the parties to augment the global market. The newly formed entity will operate under the name ZE Electronic Manufacturing Service Ltd, with ZAMA owning a majority stake of 51 percent and Elrad holding the remaining 49 percent.

Key Players: 

 These are the top 10 players in the Garden Equipment Market: - 

• KUBOTA Corporation. (Japan) 
• American Honda Motor Co., Inc. (U.S.) 
• Husqvarna AB (Sweden) 
• Robert Bosch GmbH (Germany) 
• AriensCo (U.S.) 
• The Toro Company. (U.S.) 
• Falcon Garden Tools. (India) 
• Fiskars Group (Finland) 
• Castorama (France) 
• BayWa AG (Germany)