Global Power Lawn and Garden Equipment Industry were valued at USD 67.89 Billion in the year 2017. Global Power Law and Garden Equipment Industry are further estimated to grow at a CAGR of 4.7% from 2019 to reach USD 97.88 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China and Hong Kong are projected to grow strongly in the coming years due to increasing density of population.
Major market players in Power Lawn and Garden Equipment Industry are Andreas Stihl Ag & Co. KG., Black + Decker Inc., Briggs & Stratton, Deere & Company, Echo Incorporated, Husqvarna AB, Kohler Co., Makita Corporation, MTD Products Incorporated, Snow Joe LLC, Textron Incorporated, and brief overview of 11 companies is also provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Power Lawn and Garden Equipment Industry:
Increasing indulgence in garden parties
Disruptions in retail Industry
Unfavorable natural calamities
Partnerships with regional companies
Intense competition among the producers
The Global Power Law and Garden Equipment Industry is segmented as By Equipment Type, Application and Region. The Equipment Type is segmented as mower, trimmer and edger, snow thrower/blower, rotary tiller, blower, vacuum and sweeper and others (sprayer, sprinkler) in which mowers hold the largest share in the Industry due to increasing spending on garden equipment for residential use.
Power Lawn and Garden Equipment Industry Segmentation:
By Equipment Type
• Trimmer and Edger
• Snow Thrower/ Blower
• Rotary Tiller
• Blower, Vacuum and Sweeper
• Others (Sprayer, Sprinkler)
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa