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Cordless Garden Equipment Market Analysis

  • Report ID: GMI11558
  • Published Date: Sep 2024
  • Report Format: PDF

Cordless Garden Equipment Market Analysis

Based on Product Type, the market is segmented into Lawn mowers, Chainsaws, Hedge trimmers, Leaf blowers, Grass trimmers and other tools (tillers, pole saws). Lawnmowers dominated the market in 2023, generating a revenue of USD 2.2 billion and is expected to grow at a CAGR of 8.1% during the forecast period from 2024-2032. The lawnmower segment is experiencing growth due to increased demand from sports fields, golf courses, and parks. The growing emphasis on landscaping services across the region is also expected to drive the adoption of lawnmowers. This segment is further divided into two categories: turf equipment and mowers.
 

Cordless Garden Equipment Market Revenue Share, By Battery Type, (2023)

Based on Battery Type, the market is classified into Lithium-ion battery, Nickel-cadmium batteries and Others.  The Lithium-ion battery dominated the market in 2023, acquiring a market share of 47.9% and is expected to grow at a CAGR of 7.9% during the forecast period from 2024-2032. The market is experiencing significant growth, with Lithium-ion batteries poised to dominate in the coming years. These batteries offer superior power, longevity, and faster charging capabilities compared to lead-acid alternatives, prompting key vendors to increasingly adopt this technology. The substantial advantages of Lithium-ion batteries over other technologies, coupled with manufacturers' efforts to simplify gardening tasks through the introduction of new Lithium-ion powered products, are expected to fuel market growth.
 

North America Cordless Garden Equipment Market Size, 2021 - 2032 (USD Billion)

North America cordless garden equipment market accounted for around USD 2.5 billion of market share in 2023 and is expected to grow at a CAGR of 7.7% during the forecast period from 2024-2032. High consumer demand for eco-friendly, battery-powered tools is driven by increased environmental awareness and stricter regulations on emissions. Moreover, the region's large residential areas and growing trend toward outdoor living spaces contribute to the demand for garden maintenance tools. Technological advancements, such as improved battery life and efficiency, have also made cordless equipment more appealing.
 

China dominated the Asia Pacific cordless garden equipment market in 2023 acquiring a market share of 30.4% in 2023 and is expected to grow during the forecast period from 2024-2032. China's strong manufacturing base allows for the production of cost-effective, high-quality cordless garden equipment, making it highly competitive. Government initiatives promoting green spaces and environmental sustainability further boost the market, while domestic manufacturers play a crucial role in meeting growing demand.
 

Germany leads the European market. The country has a strong culture of gardening and outdoor maintenance, supported by a robust DIY (do-it-yourself) trend. Additionally, Germany is home to several key manufacturers of high-quality cordless garden tools, which benefit from the country's advanced engineering and innovation in battery technology.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for cordless garden equipment was valued at USD 7.5 billion in 2023 and is anticipated to register a CAGR of 7.7% between 2024 and 2032, driven by urban expansion and the popularity of home gardening.

The lawnmowers segment generated a revenue of USD 2.2 billion and is expected to grow at a CAGR of 8.1% during the forecast period, fueled by increased demand from sports fields, golf courses, parks, and the rising emphasis on landscaping services.

Lithium-ion batteries segment dominated with a market share of 47.9% in 2023. Lithium-ion batteries provide superior power, longevity, and faster charging capabilities compared to lead-acid alternatives, making them increasingly popular among manufacturers.

Key players include AL-KO, Black+Decker, Bosch, EGO, Greenworks, Honda, Husqvarna, John Deere, Makita, MTD, Ryobi, Snapper, STIHL, Toro, and Worx.

Cordless Garden Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 305
  • Countries covered: 19
  • Pages: 250
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