Growth Accelerated by Increased Demand for Safe Outdoor Activities

Lawn & garden equipment are used for various outdoor activities such as lawn mowing, trimming, digging, and other gardening purposes. Various types of equipment are available in the market including lawn mowers, trimmers and edgers, cutters and shredders etc. These equipment provide convenience in maintaining lawns and gardens in both residential and commercial properties. 

Market key trends:

The increased demand for safe outdoor activities is one of the key trends driving the growth of the lawn & garden equipment market. With rising health awareness, people are indulging more in gardening and other outdoor recreational activities. Moreover, during the COVID-19 pandemic, when social distancing was the norm, outdoor activities like gardening became much popular. This fueled the demand for lawn & garden equipment significantly. Manufacturers are also introducing equipment with advanced safety features like auto-stop function and safe blade design to attract more users. The battery-powered equipment are also gaining preference over gasoline ones due to their zero-emission and safer operation. Emphasis on safe outdoor recreational activities is expected to continue propelling the demand for advanced lawn & garden equipment across the forecast period.

Segment Analysis

The global lawn & garden equipment market is dominated by the residential user segment. The key factors contributing to its dominant position include rising homeownership rates, growth in residential construction sector, and increasing spending on landscaping by homeowners to enhance their outdoor spaces.The commercial segment is also expected to grow at a steady rate over the forecast period driven by the increasing focus on maintaining public parks, sports fields, and commercial complexes.

Key Takeaways

The Global Lawn & Garden Equipment Market Growth is expected to witness high over the period 2024 to 2031.

Regional analysis: The North America region currently holds the largest share in the global lawn & garden equipment market owing to favorable climatic conditions and high spending on gardening and outdoor equipment. The United States accounts for the majority share in the region. However, the Asia Pacific market is projected to expand at the fastest pace during the forecast period supported by rapid urbanization, rising disposable incomes and changing consumer lifestyles in countries such as China and India.

Key players operating in the lawn & garden equipment market are Pfizer, Roche, Johnson & Johnson , Novartis, Merck & Co, GlaxoSmithKline, Sanofi, AbbVie, Amgen, AstraZeneca, Bristol-Myers Squibb, Eli Lilly, Teva Pharmaceutical, Bayer , Novo Nordisk, Allergan, Gilead Sciences, Boehringer Ingelheim, Takeda Pharmaceutical, Biogen. The players are focusing on developing innovative products and using new technologies to gain a competitive advantage in the market. For instance, advancements in battery and engine technologies are driving the development of electric and robotic lawn mowers and trimmers.

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