According to Technavio’s latest market research study, the global garden tools market is expected to grow at a CAGR of more than 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global garden tools market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type:
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The top three revenue contributing product segments are discussed below:
Global lawn mower market: With the increasing popularity of the concept of green roofs and the availability of new products with improved features, the future of the market for power lawn mowers looks promising. To meet the increasing demand for power lawn mowers, many prominent players like Husqvarna and Ferris are now considering expansion of their production capacities.
“Most manufacturers are now transitioning into cordless tools equipped with efficient and lightweight lithium batteries. New trends such as hybrid lawn mowers are also expected to contribute to the market’s growth during the forecast period,” says Poonam Saini, a lead analyst at Technavio for research on retail goods and services.
Global power tools market: Some of the most commonly used powered tools for gardening are hedge trimmers, shredders, and grass trimmers. MTD, Robert Bosch, and Techtronic Industries are some of the major players in this space. An increase in the demand for electric and cordless tools will contribute to the revenue of the power tools space in the global garden and lawn tools market.
Global hand tools market: Garden forks, rakes, spanners, pliers, wrenches, and hook cutters are some of the most commonly used hand tools. During the forecast period, factors such as the growing DIY trend and the expanding home improvement market are likely to propel the demand for hand tools in the global market.
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The top vendors operating in the global garden tools market are:
- Husqvarna
- MTD
- Robert Bosch
- STIHL
- The Toro Company
Other prominent vendors in the market include Stanley Black & Decker, Home Depot Product Authority, Makita U.S.A., Emak, Blount International, American Honda Motor, and Deere & Company.
A more detailed analysis is available in the Technavio report titled, ‘Global Garden Tools Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Landscaping and Gardening Services Market 2017-2021
- Global Garden Tractor Market 2016-2020
- Global Cordless Garden Equipment Market 2016-2020
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