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Lawn and Garden Equipment Market Size
The global lawn and garden equipment market size reached a valuation of USD 38.9 billion in 2023 and is projected to register a CAGR of 6.4% from 2024 to 2032. Urban gardening and landscaping initiatives are on the rise, driving up the demand for specialized lawn and garden equipment. With urban residents taking up horticulture in limited spaces like balconies, rooftops, and small yards, there is a growing need for compact yet high-performance tools. At the same time, the industry is pivoting towards sustainable gardening, boosting the demand for eco-friendly tools and equipment.
The lawn and garden equipment market are undergoing a substantial transformation driven by technological advancements, particularly in the realms of robotic lawnmowers and intelligent irrigation systems. These innovations offer enhanced user convenience, operational efficiency, and water conservation capabilities. The increasing affordability of these automated devices has led to their widespread adoption among residential consumers, thereby contributing to market expansion.
How big is the lawn and garden equipment market?
The global lawn and garden equipment industry was valued at USD 38.9 billion in 2023 and is projected to grow at a 6.4% CAGR from 2024 to 2032, driven by the rise in urban gardening and landscaping initiatives.
What is the size of the U.S. lawn and garden equipment industry?
The U.S. lawn and garden equipment market was valued at USD 8.1 billion in 2023 and is anticipated to grow at a 6.6% CAGR from 2024 to 2032, supported by a large base of homeowners with expansive lawns and a strong DIY culture.
Why is the demand for lawn mowers increasing?
The lawn mowers market reached USD 11.6 billion in 2023 and is expected to grow at a 6.8% CAGR from 2024 to 2032, fueled by the essential need for lawn maintenance in both residential and commercial sectors.
Who are some of the prominent players in the market?
Key players in the industry include Ariens Company, Briggs & Stratton Corporation, Deere & Company, Falcon Garden Tools, Fiskars Group, Honda Motor Co., Ltd, Husqvarna Group, Koki Holdings Co., Ltd, Kubota Corporation, and Makita Corporation.