Quick News Spot

Gardening Tools Market Size & Share Report, 2024 - 2032


Gardening Tools Market Size & Share Report, 2024 - 2032

The global gardening tools market was valued at USD 88.8 billion in 2023 and is estimated to grow at a CAGR of 5.5% between 2024 and 2032. The growing trend of self-sufficiency and the desire for organic, home-grown produce boost demand for gardening tools. Rising interest in urban and indoor gardening due to space constraints and lifestyle changes. Tools designed for small spaces and indoor use are increasingly popular.

The surge in DIY home improvement and outdoor projects, fueled by television shows, online tutorials, and social media, drives demand for a wide range of gardening tools. Integration of smart technology, such as sensors, connectivity features, and automation in tools like robotic lawnmowers and smart irrigation systems. Recognition of gardening as a form of low-impact exercise that improves physical fitness and mental health. Demand for tools tailored to different climates and growing conditions, such as frost protection tools for colder regions or drought-resistant irrigation systems for arid areas.

Tools with poor quality or insufficient durability can lead to frequent replacements, affecting customer satisfaction and brand reputation. The market is susceptible to counterfeit or substandard products, which can undermine trust and impact genuine manufacturers. Fluctuations in the availability and cost of raw materials, such as metals and plastics, can disrupt production and increase costs. Issues such as shipping delays, tariffs, and geopolitical tensions can impact the timely delivery of products to markets.

Increasing adoption of automated tools such as robotic lawnmowers, smart irrigation systems, and automated planting systems. Growing demand for tools made from sustainable or recycled materials, such as bamboo handles and recycled plastics. Emphasis on ergonomic designs that reduce strain and improve comfort, particularly for older adults or individuals with physical limitations.

Increased demand for tools that offer multiple functions, such as pruners with built-in saws or garden forks with interchangeable heads, to provide greater value and convenience. Rise in popularity of compact and space-saving tools designed for urban environments and small gardens, including vertical planters and container gardening tools. Recognition of gardening as a therapeutic activity that promotes mental and physical well-being, driving interest in gardening tools that enhance the experience.

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.

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.

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.

The market seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such Atlas Copco, Bosch, DeWalt, Emerson, Fiskars, Garden Tools, Greenworks and Husqvarna collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Major players operating in the gardening tools industry are:

Previous articleNext article

POPULAR CATEGORY

corporate

2851

tech

3144

entertainment

3422

research

1436

misc

3640

wellness

2681

athletics

3554