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Gardening Tools Market Analysis

Report ID: GMI11471
Published Date: Sep 2024
Report Format: PDF

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Gardening Tools Market Analysis

Gardening Tools Market Size, By Product Type, 2021 - 2032 (USD Billion)

Based on product type, the market is divided into hand tools, power tools, watering equipment and others. In 2023, power tools held the dominant market of USD 4 billion and is expected to reach USD 7.1 billion by 2032. Power tools such as lawnmowers, hedge trimmers, and leaf blowers increase efficiency and save time, appealing to busy consumers and professionals. Innovations like battery-powered and cordless tools enhance convenience and reduce reliance on gasoline, aligning with environmental concerns. Demand for power tools is driven by the need for tools that handle larger or more demanding gardening tasks, such as large lawns or extensive pruning.

Gardening Tools Market Revenue Share, By Price Range, (2023)

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Based on price range, the gardening tools market is categorized into low, mid and high. In 2023, mid range gardening tools held the dominant market share of 41% and is anticipated to grow through the years. Mid-range tools offer a balance between cost and quality, providing consumers with good performance, durability, and features at a reasonable price. Enthusiastic gardeners looking for reliable tools with enhanced functionality and better build quality often opt for mid-range products. Mid-range tools typically include more advanced features and ergonomic designs that cater to serious hobbyists and semi-professional users.

U.S. Gardening Tools Market Size, 2021 - 2032 (USD Billion)

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North America held a market of around USD 23.4 billion in 2023 and is expected to reach USD 38.4 billion by 2032. North America’s diverse climate conditions drive demand for tools that cater to specific regional needs, such as frost-resistant tools in colder areas and irrigation systems in drier regions.

The market in U.S. is set to grow through a CAGR of 5.9% through the forecast period. Higher disposable income levels in the U.S. enable consumers to invest in high-quality and premium gardening tools.

The German gardening tools market maintained a considerable position in Europe. Gardening is recognized as a form of low-impact exercise, contributing to physical fitness and overall well-being. This drives interest in gardening tools that enhance the gardening experience.

China is supposed to grow at the highest rate of 6.6% in the region. Economic stability or growth generally leads to increased spending on home improvement and gardening tools, while economic downturns may shift focus towards more affordable options.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global gardening tools industry was valued at USD 88.8 billion in 2023 and is estimated to grow at a CAGR of 5.5% from 2023 to 2032, driven by increasing interest in home-grown organic produce and the rising popularity of urban and indoor gardening.

In 2023, the power tools segment held the dominant share of USD 4 billion. Power tools like lawnmowers, hedge trimmers, and leaf blowers are popular for increasing gardening efficiency, especially with innovations in battery-powered and cordless options.

North America held the largest market share, valued at around USD 23.4 billion in 2023. The region's demand is driven by diverse climate conditions, which require tools suited to specific weather challenges like frost-resistant and drought-resistant tools.

The U.S. market is anticipated to grow at a CAGR of 5.9% during the forecast period. This growth is supported by the country’s high disposable income, allowing consumers to invest in high-quality, premium gardening tools.

Key players in the market include Atlas Copco, Bosch, DeWalt, Emerson, Fiskars, Greenworks, Husqvarna, John Deere, Ryobi, and Stihl. These companies are leading the innovation and distribution of gardening tools globally.