Interest toward household activities such as indoor gardening is increasing among millennials and baby boomers, worldwide, with most people considering small maintenance and home improvement activities as a favourite pastime.
With changing consumer preference toward the ‘do it yourself’ (DIY) culture, manufacturers are now focusing on cost-efficient and innovative ideas to produce lawn and garden watering equipment.
Meanwhile, Chinese lawn and garden watering equipment producers are gaining market share, especially in the low-cost segments, and the demand for landscaping in residential areas has witnessed a rise. The demand for lawn and garden watering equipment is rapidly growing in urbanized regional markets such as china. Also, the utilization of artificial turf has witnessed considerable growth in the market.
Currently, most of the demand is fulfilled by traditional watering methods that use watering cans and normal lawn and garden watering equipment such as sprinklers and hose pipes, which usually leads to over-watering and water wastage.
Therefore, the demand for smart lawn and garden watering equipment is growing rapidly in the market. New technology-based lawn and garden watering equipment systems with auto features such as smart watering times, and auto start and stop, have come into existence, and are seeing significant demand.
More people are realizing that it is becoming necessary to install smart lawn and garden watering equipment systems that can save time and prevent situations such as over-watering.
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- Jain Irrigation Inc.
- Robert Bosch GmbH
- Rain Bird
- The Toro Company
- Lindsay Corporation
- Melnor Inc.
- Orbit Irrigation
- TL Irrigation
- MTD Products Inc.
- Rivulis Irrigation
- Valmont Industries
- Husqvarna Group
- Other Players (As Requested)
Watering Cans & Sprinklers to Experience Highest Sales
The watering cans and lawn sprinklers segments are estimated to expand at significant CAGRs in the global lawn and garden watering equipment market during the forecast period of 2020 to 2030. These segments are expected to create higher incremental opportunity through 2030.
The reason behind their growth is that they give a wide variety of options to consumers. Also, there have been numerous technological advancements and innovations in sprinkler system setups, which includes traditional setups to automatic watering systems. This is an important factor for the growth of the lawn and garden watering equipment market.
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Rising Concerns Regarding Water Wastage Driving Market Growth
Increasing awareness toward water conservation is a key driving force for the growth of the lawn and garden watering equipment industry. This surge in demand may be attributed to environmental sustainability becoming a global concern.
Industries and factories across the globe are striving to develop sustainability goals, and making huge investments to procure efficient water management solutions, to enhance their attractiveness in the global market.
They are also trying to re-utilize waste water in order to reduce water scarcity. Such measures and precautions taken by industries are expected to generate greater demand for high-efficiency lawn and garden watering equipment over the forecast period.
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COVID-19 Impact on Lawn and Garden Watering Equipment Market
The Covid-19 pandemic which started in China has now affected more than 200 countries, with the number of infected people nearing 5 million. Social distancing and full or partial lockdowns across various countries have interrupted business operations, and the production and supply of goods and raw materials, which has resulted in the shutting down of manufacturing units.
The National Association of Manufacturers conducted a survey of its member companies on the impact of the COVID-19 outbreak on manufacturers. The survey was conducted from Feb. 28 to March 9, 2020 on 558 respondents, who have mentioned the crisis will have a financial impact (78.3%), anticipate a change in operational procedures (53.1%), and supply chain disruptions (35.5%).
Sales disruptions also can be seen from the demand side. Most retail operations have been shut down temporarily. Except essential products and services, all businesses are facing temporary closure. This has resulted in lower sales of lawn and garden watering equipment in the first quarter of 2020.
As per the International Monetary Fund (IMF), the global economy is expected to recover in 2021. East and South Asia markets are expected to recover with higher growth rates as compared to other regions.
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Lawn and Garden Watering Equipment Market: Competition Analysis
The global lawn and garden watering equipment market represents a fairly consolidated competition landscape, where, a majority of players are maintaining strategic focus on product development, frequent product launches, and mergers & acquisitions.
- Collaborations and acquisitions of niche players is one of the key strategies followed by leading lawn and garden watering equipment manufacturers in the market.
- Jain Irrigation Inc., Rain Bird, The Toro Company, Netafim, Lindsay Corporation, Gardena, Melnor Inc, Orbit Irrigation, TL Irrigation, Rivulis Irrigation, Valmont Industries. etc., are the largest and most experienced players in the global lawn and garden watering equipment market.
- High market concentration ratio suggests that, there is intense ongoing competition in the global lawn and garden watering equipment market. Thus, market competitors are deploying cost-effective solutions and technological innovations in order to maintain or enhance their market shares.
Regional Overview of Lawn and Garden Watering Equipment Market
As far as sales are concerned, the lawn and garden watering equipment market size reached US$ 4.4 Bn in 2019. According to PMR’s report, the market is estimated to register a CAGR of 4.5% during the forecast period of 2020-2030.
- North America remains the largest shareholder in the global lawn and garden watering equipment market. The U.S. has emerged as a dominant country in terms of consumption.
- However, countries in East Asia will offer substantial growth opportunities for manufacturers in the lawn and garden watering equipment market.
A brief overview of the changing lawn and garden watering equipment market trends has led our analysts to conclude that, the market is gaining momentum. Key manufacturers in the lawn and garden watering equipment market, such as Jain Irrigation Inc. and Rain Bird, are prioritizing innovation and new product development to gain a competitive edge in the market.
Most companies are currently focusing on innovation through technology, such as smart sprinklers. Apart from developed countries, companies are now looking at emerging markets such as China, India, etc.
Lawn and Garden Watering Equipment Market: Segmentation
PMR’s research study on the global lawn and garden watering equipment market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The lawn and garden watering equipment market is segmented on the basis of product, end use, price range, sales channel, and region. Every segment is analyzed in detail, and data pertaining to the growth of each segment has been included in the study.
The lawn and garden watering equipment market research report includes a competitive landscape that provides a dashboard view of the key competitors operating in the market. Some of the market players included in this section are Jain Irrigation Inc., Rain Bird, The Toro Company, Netafim, Lindsay Corporation, Gardena, Melnor Inc., Orbit Irrigation, TL Irrigation, Rivulis Irrigation, Valmont Industries, and others.
Key Questions Answered in Report
- How much is the lawn and garden watering equipment market worth?
The lawn and garden watering equipment market is estimated to be worth US$ 4.9 Bn in the year 2021.
- What will be the demand outlook?
The global lawn and garden watering equipment market is expected to witness a CAGR of 5% between 2021 and 2031.
- What was the last 5 year market CAGR?
The global lawn and garden watering equipment market witnessed a CAGR of 4% between 2015 and 2020.
- What are the key trends of lawn and garden watering equipment market?
The latest trend is that of robotic lawn mower being used, thereby bolstering the lawn and garden watering equipment market.
- What is driving the demand for lawn and garden watering equipment?
The ever-increasing demand for lawn tools in several landscaping services all across (in the US, in particular) is, in turn, driving the demand for lawn and garden watering equipment.
- What is the market share of top 5 players?
The top 5 players such as Honda Power Equipment, MTD Products, Husqvarna Group, Bosch Power Tools, and Kubota hold more than 50% of the market share.
- What are the top 5 countries driving demand?
The top 5 countries driving demand include the US, France, UK, Austria, and Russia.
- What is North America’s market Outlook?
North America alone holds more than 60% of the market share due to the US driving this growth.
- At what percentage lawn and garden watering equipment market is going to register growth in Europe?
Europe is expected to register growth at the rate of 3% in the lawn and garden watering equipment market between 2021 and 2031.
- Which countries are key producers of lawn and garden watering equipment?
The US is the key producer of lawn and garden watering equipment.