New York, June 29, 2022 (GLOBE NEWSWIRE) — Over the forecast period (2022-2032), the global gardening tools market is expected to grow at a CAGR of 4.4% to reach a market valuation of US$13.4 billion by 2032. Market growth is driven by continued demand for landscaping in commercial and agricultural agriculture, leisure centres, public institutions, offices and commercial spaces.
Expenditure on recreational activities is expected to increase over the next few years due to increasing customer purchasing power and per capita disposable income. In order to maintain a standard of living due to societal pressure, people also invest time and money in gardening and gardening tools. The gardening equipment market, particularly in emerging countries, will benefit from positive demand, given the increase in spending on lawn and garden maintenance activities.
The increased demand for gardening tools for activities such as cutting, trimming and maintenance of commercial gardens and lawns, especially on sports grounds and golf courses, is driven by increased infrastructure development.
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Key insights from market research
- By type of operation, hand tools are expected to experience significant growth at a CAGR of 4%, as hand tools are easy to maintain and are available at low cost.
- By product type, the demand for shearing and pruning tools is expected to grow at a CAGR of 3.7% in volume during the period 2022 to 2032.
- By region, Europe is expected to experience substantial growth in gardening tool sales with a 29% value share in the global market.
- Among all countries, sales in the United States and China are expected to grow at high CAGRs in terms of value.
- By sales channel, online sales are expected to hold a significant market share of 66.2%.
- By end use, the commercial sector is expected to grow 3.8% year-over-year in 2022.
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“The demand for gardening tools is mainly influenced by customers’ seasonal choices; however, private use has increased recently. A majority of end users now engage in DIY gardening. Expansion and investments in the commercial and residential sectors are driving the overall growth of the market. Electric gardening equipment with advanced technology is expected to accelerate market expansion,” says a PersiStence Market Research Analyst.
Major garden tool manufacturers include Stanley Black & Decker, Inc., The Ames Companies Inc., CobraHead LLC, Estwing Manufacturing Company, Seymour Midwest LLC, Bully Tools, Inc., Zenport Industries, Ray Padula Holdings, LLC, Root Assassin Shovel LLC. , Lee Valley Tools Ltd., Garden Tool Company, Fiskars Group, Husqvarna Group and FELCO SA
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To gain a competitive edge in the market, the players are focusing on research and development to launch new tool variants. Apart from this, market players are investing in strategic collaborations, mergers and acquisitions to expand their global footprint.
In 2021, FELCO SA launched new FELCO 201 loppers, which come in three sizes, and use completely redesigned cutting heads for greater efficiency and precision.
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More valuable information about the offer
Persistence Market Research, a research and advisory firm, has published a new market research report on the global garden tools market which contains industry analysis from 2017-2021 and opportunity assessment for 2022- 2032.
The report provides an in-depth analysis of the market across different segments i.e. product type, end use, type of operation, sales channel and region. The report also provides supply and demand trends along with an overview of the parent market.
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