The easy availability of & lawn tools to drivers is expected as the market size of & lawn tools grows. Lawn and garden equipment for drivers will see sustained growth as the adoption of equipment with seating increases. The increasing popularity of the devices is preferably related to such attributes as reducing fatigue and increasing overall performance. In February 2018, Deere & Company launched 100 Series Lawn Tractors, which provide trouble-free and convenient operation.
A noticeable increase in construction activity has increased consumer spending on lawn equipment and the market value of lawn equipment for & garden equipment. Unprecedented growth in residential and commercial development in emerging markets will fuel the adoption of & lawn gardening tools.
Given the technological advances that are shaping trends in the & gardening tools market, electric powered tools are expected to be among gain momentum for end users. The industry players emphasize several initiatives, particularly efforts to improve battery efficiency. To expand their penetration in undeveloped areas, well-known companies are introducing advanced products.
Leisure activities like golf have increased the trend quotient as several countries appear to be planning to build golf courses. The National Golf Foundation has claimed that there are more than 38,500 golf courses. Even so, Turkmenistan was the last country to join the elite list of golf countries after inaugurating the Ashgabat Golf Club in 2018. Turkmenistan claims to be building more golf courses in other parts of the country. The trend towards building golf courses is becoming increasingly evident – in fact, the golf course segment recorded a revenue share of around 25% in 2018 and will offer stakeholders additional opportunities over the next 50 years.
Given the increasing concerns about climate change, the market valuation of & -Garden equipment is enjoying an upswing due to the increasing acceptance of green roof technologies. Both commercial landscapers and home gardeners rely on solid government initiatives for a sustainable and environmentally friendly environment. In addition, technological advances have helped manufacturers cut costs, underpinning the expansion of industrial size.
The dramatic increase in residential activity and urbanization in the Asia-Pacific region has instilled the confidence of stakeholders to invest in the region to do. Upcoming sporting events like the 2020 Tokyo Olympics, the 2022 Winter Olympics in China and the 2023 ICC Cricket World Cup in India have attracted huge investments in advanced equipment in the region. Accordingly, the market for garden tools from APAC & is expected to grow strongly by 2025 with a CAGR of over 8%.
Prominent companies are trying to increase their market penetration through investments, the establishment of logistics centers and the introduction of novel products. Some of the companies featured in the & Garden Equipment market report include MTD Holdings, Robert Bosch, Deer & Company, Kubota, and Husqvarna Group.
The rapid boom in sprinkler and hose installation for seamless water distribution has had a positive impact on the market size of & lawn gardening tools. According to the EPA, 30% of daily water consumption in the United States is for outdoor use. As a result, technologies like WaterSense for sprinkles were introduced to encourage growth in the industry’s ecosystem.
For example, STIHL launched its highly anticipated high-speed battery hedge trimmers in January 2017. It has helped the company lower its operating costs and increase power to weight ratio. Accordingly, electrically operated devices should have a healthy CAGR of around 8% by 2025.
Rahul Varpe is currently writing for Technology Magazine. A trained graduate in communications engineering, Rahul began his journey as a freelance writer along with regular jobs. Rahul already has experience writing as well as marketing services and products …
Global Analysis and Insights: Milk Protein Hydrolyzate Market
DecResearch Inc. analyzes the market growth during the forecast period with a CAGR of 6.6%. According to our expert opinion, the Milk Protein Hydrolyzate Market was identified in 2 …
Global Analysis and Insights: Whiskey Market
DecResearch Inc. analyzes the market growth during the forecast period with a CAGR of 5%. According to our expert opinion, the whiskey market was estimated at USD 59 billion in 2018 and is expected to exceed USD 84 billion …
Global Analysis and Insights: Food Biotechnology Market
DecResearch Inc. analyzes the market growth during the forecast period with a CAGR of 10%. According to our expert opinion, the food biotechnology market was valued at $ 23 billion in 2018 and …