Global Market Study on Lawn and Garden Watering Equipment: Development of Smart Watering Equipment Giving Impetus to Market Growth


Lawn And Garden Watering Equipment  Market
  • Published On : May-2020 |
  • Pages : 300 Pages |
  • Format : Lawn And Garden Watering Equipment  Market Lawn And Garden Watering Equipment  Market Lawn And Garden Watering Equipment  Market Lawn And Garden Watering Equipment  Market

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.

Watering Cans & Sprinklers to Experience Highest Sales

The watering cans and 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.

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.

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.

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.

Analysts’ Viewpoint

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 - Scope of the Report

Persistence Market Research (PMR) recently published a new report on the lawn and garden watering equipment market for the assessment period of 2020-2030. The report offers a close look at the evolving aspects of the lawn and garden watering equipment market, and insights into the dynamics impacting market growth. It also focuses on key developments in the lawn and garden watering equipment market. The report includes various macro- and micro-economic factors responsible for a significant impact on the lawn and garden watering equipment market.

The report on the lawn and garden watering equipment market extensively focuses on the key trends shaping its growth. Additionally, the included opportunity analysis on lawn and garden watering equipment underlines untapped corners for aspiring players. The report on the lawn and garden watering equipment market also offers a holistic view of the incremental opportunity, which can further help readers make effective decisions for the growth of their businesses.

All the stakeholders in the lawn and garden watering equipment market can rely on the data offered in this report to make critical decisions. Moreover, the information offered in this report also can help new market entrants expand their bases in the lawn and garden watering equipment market.

The report elaborates on both, historical and current trends shaping the market. The performance journey of the lawn and garden watering equipment market been drawn and analyzed to make lucrative opportunities in the market evident to readers. The competitive landscape presented in the lawn and garden watering equipment market report gives a detailed outlook of the profiles of key companies operating in the market, along with their differential strategies and key focus areas.

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.

Product Type

  • Watering Cans
  • Hose Pipes and Hose Reels
  • Lawn Spray Guns
  • Sprinklers
  • Hose Nozzles
  • Watering Wands
  • Hand Pump Sprayers
  • Water Butts
  • Parts and Accessories

End User

  • Residential
  • Commercial

Price Range

  • Mass
  • Premium

Sales Channel

  • Wholesalers/ Distributors
  • Hypermarkets/ Supermarkets
  • Multi-brand Stores
  • Independent Stores
  • Online Stores
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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.

Lawn and Garden Watering Equipment Market: Key Questions Answered in Report

The research study on the lawn and garden watering equipment market offers inclusive insights about the growth of the market in the most comprehensive manner. Key insights offered in the report answer some of the most salient questions that assist stakeholders in gauging all the emerging possibilities.

  • How is the rapidly changing business environment impacting the growth of the lawn and garden watering equipment market?
  • What are the key trends that are constantly shaping the growth of the lawn and garden watering equipment market?
  • Which are the prominent regions that offer plentiful opportunities for players in the lawn and garden watering equipment market?
  • What are the differential strategies adopted by key players to hold a significant share in the global lawn and garden watering equipment market?

Lawn and Garden Watering Equipment Market: Research Methodology

A unique and promising research methodology forms the base of the lawn and garden watering equipment market report for the forecast period. This report has been prepared after a comprehensive analysis of market events, and riveting insights have been compiled meticulously. The research methodology for the lawn and garden watering equipment market is a two-step process, comprising primary and secondary research. Key stakeholders such as suppliers, service providers, and experts of several designations, including executive vice presidents, directors, technical advisor, GM marketing professionals, and sales professionals have been interviewed. Secondary sources referred to obtain information include investor presentations of manufacturers, World Bank, IMF, and other credible sources.

Companies covered in Lawn And Garden Watering Equipment Market Report

  • Jain Irrigation Inc.
  • Robert Bosch GmbH
  • Rain Bird
  • The Toro Company
  • Netafim
  • Lindsay Corporation
  • Gardena
  • Melnor Inc.
  • Orbit Irrigation
  • TL Irrigation
  • MTD Products Inc.
  • Rivulis Irrigation
  • Valmont Industries
  • Husqvarna Group
  • Deere & Company
  • Briggs & Stratton Corporation
  • Falcon Garden Tools
  • ANDREAS STIHL AG & Co. KG
  • STIGA S.p.A
  • Other Players (As Requested)

 

Lawn And Garden Watering Equipment Market

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