Technavio has been monitoring the garden and lawn tools market and it is poised to grow by USD 2.91 billion during 2020-2024, at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Garden and Lawn Tools Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
The lawnmowers are expected to be the leading segment in the global market during the forecast period.
What is a major trend in the market?
Rising demand for smart gardening is one of the major trends of the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 2%, the incremental growth of the market is anticipated to be USD 2.91 billion.
Who are the top players in the market?
ANDREAS STIHL AG & Co. KG, Emak Group, Honda Motor Co. Ltd., Husqvarna AB, Koki Holdings Co. Ltd., Makita Corp., MTD Products Inc., Robert Bosch GmbH, Stanley Black & Decker Inc., and The Toro Co. are some of the major market participants.
What are the key market drivers and challenges?
Increasing number of product launches and rising demand for smart gardening are the major factors driving the market. However, the rising preference for pre-used and rented garden and lawn tools restraints the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ANDREAS STIHL AG & Co. KG, Emak Group, Honda Motor Co. Ltd., Husqvarna AB, Koki Holdings Co. Ltd., Makita Corp., MTD Products Inc., Robert Bosch GmbH, Stanley Black & Decker Inc., and The Toro Co. are some of the major market participants. The increasing number of product launches will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Garden and Lawn Tools Market 2020-2024: Segmentation
Garden and Lawn Tools Market is segmented as below:
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Garden and Lawn Tools Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The garden and lawn tools market report covers the following areas:
Garden and Lawn Tools Market Size
Garden and Lawn Tools Market Trends
Garden and Lawn Tools Market Analysis
This study identifies the rising demand for smart gardening as one of the prime reasons driving the garden and lawn tools market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Garden and Lawn Tools Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist garden and lawn tools market growth during the next five years
Estimation of the garden and lawn tools market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the garden and lawn tools market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of garden and lawn tools market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Lawnmowers - Market size and forecast 2019-2024
Power tools - Market size and forecast 2019-2024
Hand tools - Market size and forecast 2019-2024
Garden accessories - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Comparison by End-user
Residential - Market size and forecast 2019-2024
Commercial - Market size and forecast 2019-2024
Market opportunity by End-user
Market Segmentation by Distribution Channel
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
ANDREAS STIHL AG & Co. KG
Honda Motor Co. Ltd.
Koki Holdings Co. Ltd.
MTD Products Inc.
Robert Bosch GmbH
Stanley Black & Decker Inc.
The Toro Co.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200819005444/en/