Gardening Tools Market Segmented By Gardening Equipment, Garden and Lawn Tools with Shears and Pruning Tools, Striking Tools, Digging Tools Product
Industry: Industrial Automation
Format: PPT*, PDF, EXCEL
ID: PMRREP17011
Last Updated: 7 May 2024
Number of Pages: 323
The global gardening tools market is currently valued at US$ 9.1 Bn and is projected to expand steadily at a CAGR of 4.4% to reach a market valuation of US$ 13.4 Bn by the end of 2032.
Europe is projected to hold a majority share in the market due to technological advancements in hybrid electric gardening tools that facilitate improved operational efficiency and eliminate expensive downtime, and reduce service costs & repairs. Persistence Market Research has analyzed that Europe accounts for 29% of the global market share.
| Attribute | Key Insights |
|---|---|
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Gardening Tools Market Size (2023A) |
US$ 8.7 Bn |
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Estimated Market Size (2024E) |
US$ 9.1 Bn |
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Projected Market Value (2032F) |
US$ 13.4 Bn |
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Value CAGR (2024-2032) |
4.4% |
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Collective Share: Top 3 Countries (2023E) |
35.8 % |
Growing popularity of having a vertical garden in urban areas is driving market expansion of gardening tools. The commercial end-use sector is likely to dominate the worldwide market in terms of revenue and grow steadily across the forecast period (2024-2032).
As of 2024, worldwide sales of gardening tools accounted for around 26% to 30% value share of the global hand tools and power tools market.
Between 2018 and 2023, the market for gardening tools increased at 2.7% CAGR and is projected to expand by 3.9% in 2023. Sales of gardening tools have surged over the past half-decade, with developed countries such as the United States and Germany seeing rapid revenue growth. Technological advancements in gardening tools will drive demand growth over the coming years.
Hedge trimmers, electric pruners, and other fuel-or electricity-powered gardening tools boost operator efficiency. Gardening tool sales are projected to increase gradually due to the rise of outside activities such as horticulture, sports, and leisure activities.
Some of the most well-known gardening tool manufacturers are substantially investing in research and development (R&D) activities to produce a wide range of tools that will make gardening work more efficient.
Continuing demand for gardening equipment from the residential and commercial sectors, such as for hoes, rakes, sickles, forks, wheelbarrows, watering cans, garden cultivators, and weeding knives, is projected to drive overall demand for gardening tools at a CAGR of 4.4% over the decade.
“Increasing Adoption of Gardening Power Tools Market for DIY Activities”
High living standards and changes in lifestyles in developed regions such as North America and Europe are driving consumer inclination toward DIY activities. Moreover, in developing regions, increasing population, coupled with rising disposable income, is fueling the DIY market, thereby driving the sales of gardening power tools.
DIY activities save on long-term expenditure for consumers as compared to hiring expensive labor to do horticultural work. This is resulting in an increased demand for gardening power tools for DIY purposes. Additionally, the advent of e-Commerce has enabled easy access and discounts for consumers.
“Rise of Hydroponic Gardening Trend”
In commercial farming, the implementation of hydroponic systems is increasing. Hydroponics boost crop production 3 to 10 times in the same amount of area as traditional soil-grown crop cultivation.
A hydroponic system is able to control pH and nutrients to ensure that plants get the nutrition they require. These systems are closed and the water that is not utilized by the plants is recycled. Farmers can regulate temperature and lighting schedules to boost plant productivity by growing the plants indoors.
Systems can be designed to make use of vertical spaces and increase planting density. Hydroponics also enable the establishment of farms in areas where soil conditions are unsuitable for cultivation. Therefore, with the rising adoption of hydroponic systems in commercial farming, the gardening tools market is getting the much-desired push.
Which is the Most Prominent Market for Gardening Equipment?
“U.S. Market to Drive High Sales of Gardening Tools Market”
In 2023, the U.S. gardening tools market is expected to register 3.2% year-on-year growth by value. The U.S. market is projected to witness steady growth during the forecast period as well with the development of new and innovative products by manufacturers.
The study projects that the U.S. market will surpass a revenue of US$ 2.08 Bn by the end of 2032.
How is the India Gardening Tools Market Progressing?
“High Demand Expected from Commercial End-use Sectors in India”
Between 2024 and 2032, the market for gardening tools in India is estimated to expand at a high CAGR of 6.9%.
Demand for gardening tools is expected to be high during the forecast period due to increasing consumption in commercial end-use sectors such as landscaping, nurseries, commercial farming, and agriculture, in India.
India is one of the fastest-growing economies with urbanization increasing at a rapid pace. The Indian market is expected to reach a valuation of US$ 1.29 Bn by the end of 2032.
Which is the Most Attractive Market for Gardening Tool Providers in Europe?
“U.K. to Account for High Sales of Garden Supplies”
With an absolute $ opportunity of around US$ 326.1 Mn, the U.K. has developed as a lucrative market for gardening tools suppliers. Increasing interest in landscaping and horticulture activities is driving gardening tool sales and demand for garden supplies in the country.
Sales of gardening solutions and garden supplies are expected to increase throughout the projected timeframe due to developments in technology, increased disposable income, and a large proportion of the senior population who spend much of their time in gardening activities in the country.
Which Gardening Tool Product Type is Most-in-demand?
“Shears & Pruning Tools Enjoying Highest Popularity across Regions”
Shears and pruning tools are an essential part of gardening activities as far as gardening equipment is concerned; these are gardening tools that are used to prune hard branches of trees and shrubs.
Increasing labor rates have led people to choose shear and pruner tools for DIY activities. Also, hedge trimmers and electric pruners combine a tough, ergonomic design with excellent performance, which has led to increased demand for such digitalized and automatic gardening tools.
The segment is expected to offer an incremental $ opportunity of around US$ 7.1 Bn, expanding at a high single-digit CAGR through 2032, in the global yard supplies market.
Where Will Suppliers of Gardening Equipment Enjoy High Revenue From?
“Commercial Sales of Yard Equipment to Remain High”
The commercial segment is estimated to be valued at US$ 8.57 Bn by 2032, exhibiting a CAGR of 4.6% through the same period.
A majority of the revenue share among end users is predicted to come from the commercial sales of gardening equipment. This can be attributed to the burgeoning landscaping sector, growth in commercial farming and agriculture, and increased gardening equipment usage at leisure centers, public institutions, workplaces, and corporate spaces.
Increasing acquisitions and expansion plans have been witnessed to improve the supply chain of gardening tools. Key manufacturers of gardening supplies are also focusing on developing new technology-driven gardening tools. The emergence of several new market players has also been witnessed in the landscape.
For Instance:
| Attribute | Details |
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Forecast Period |
2024-2032 |
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Historical Data Available for |
2018-2023 |
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Market Analysis |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
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The global gardening tools market is projected to reach 9.1 billion by the end of 2024.
Demand for shears and pruning tools is set to rise the fastest over the coming years.
Growing demand for gardening tools from the agriculture industry and government subsidies on certain fertilizers are driving market expansion.
Between 2018 and 2023, worldwide demand for gardening tools increased at 2.7% CAGR.
Sales of gardening tools are projected to increase at 4.4% CAGR and reach US$ 13.4 Bn by 2032.
Husqvarna Group, Bosch, ANDREAS STIHL AG & Co. KG, Einhell, and Stanley Black& Decker, Inc. account for close to 35% market share.
The U.S., China, Germany, Japan, and India lead the sales of gardening equipment.
The market in China is predicted to expand at 5.7% CAGR through 2032.
