This market research report includes a detailed segmentation of the global cordless garden tools market by product type (lawn mower, chainsaw, trimmer and edger, brush cutter, leaf blower, others). It outlines the market shares for key regions such as APAC (Asia and Oceania), Europe, North America, and ROW (Latin America and MEA). The key vendors analyzed in this report are Husqvarna, Deere & Co., MTD, and Toro.
Technavio has released its new market research report, global cordless garden equipment market, which is expected to grow at a CAGR of around 5% between 2016 and 2020. The rising need to add aesthetic appeal to residential and commercial properties is a key driver for the growth of this market. North America dominates the global market for cordless garden equipment, accounting for 59% of the overall market share. The increased production, import and export, and consumption of wood in this region is the key driver for its market dominance.
“Hybrid electric lawn mowers have gained prominence in the market owing to their on-board charging system. They have a 420-cc engine that powers the onboard 7,100-watt generator. This power outlet can supply power to up to five outlets, for 8 hours, at half load on a full tank of gas, with the help of which other electric-powered garden equipment can be used,” says Faizan Akhtar, Lead Analyst, New Coverage, Technavio Research.
The unfavorable weather conditions such as floods, dry summers, and heavy snowfalls create a demand for the repair of lawns, trees, hedges, and gardens, hence triggering a need for cordless garden equipment. The lawn mower segment dominated the market during 2015, accounting for a market share of around 36%. Battery-powered lawn mowers are portable, eco-friendly, and easy to start and maintain, thereby driving their popularity. The report anticipates this segment to retain its market leadership until the end of 2020.
The leading vendors in the global cordless garden equipment market are Husqvarna, Deere & Co., MTD, and Toro. The competition among vendors is leading to the introduction of many innovative and advanced products. The report anticipates the competitive environment in the market to intensify further with an increase in product/service extensions, technological innovations, and mergers and acquisitions.
A more detailed analysis is available in the Technavio report, Global Cordless Garden Equipment Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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