The rise in landscaping businesses worldwide is a key influencer behind the demand for technologically advanced gardening equipment. Rising preference of aesthetically appealing gardens has also fueled demand across the globe, particularly for maintenance equipment such as water sprinklers. Revenues from the gardening equipment market is projected to grow at a CAGR of 4.2% through 2022. These useful insights have been gleaned from the report titled “Gardening Equipment Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” added recently to the vast repository of XPLOREMR.
The processes of maintaining lawns and other garden settings result in the disadvantages of time and monetary costs, and has made the process cumbersome in commercial and residential sectors. Consequently, the demand for gardening equipment is expected to decline. The competition posed by easy-to-maintain artificial plants and turfs is expected to significantly constrain the growth of garden equipment sales. Increasing use of rocks and mulch in indoor garden settings is expected to sustain market demand for the forecast period.
The demand for gardening equipment is expected to stay strong in the sports field owing to the widespread existence of sports fields. However, numerous challenges that arise from maintaining grass at a short height, coupled with increasing preference of synthetic turfs, is expected to constrain the market.
Also, increasing preference towards the trend of growing and maintaining indoor plants and garden patches in residential and commercial sectors is expected to impose significant constraints on the growth of the global gardening equipment market for the foreseeable future.
Paving weeders followed by lawnmowers are expected to see the highest amount of growth in comparison to other counterparts owing to lawn manicure requirements. The commercial sector will account for the largest market share and sales through retail stores are expected to show best growth rates in the forecast period.
Gardening Equipment Market: Report Summary and Research Methodology
The development of this report is based on the terms of a reliable research methodology for analyzing accurate market values and forecasts for the gardening equipment market. The methodology of research followed for the compilation of this report uses detailed interviews and discussions with key market players, and extensive feedback collected from prominent industry experts.
Data analysis and projections regarding technological advancements, market drivers, constraints, and opportunities of gardening equipment have been offered in the report, by using proprietary research structures & crucial analyses that has been further validated by market players. Frameworks used include value chain analysis, pricing analysis, key financial ratios, market attractiveness analysis, macro-economic factor performance, segment analysis in terms of absolute dollar and Y-o-Y growth projections.
For validating the data acquired from extensive secondary researches, interactions with experienced panel members, who have immense hands-on experience related to these machines, have been used. Additionally, analysts who have complied this report have made the utmost use of existing valid sources of information, and paid databases present in the public domain to perform an accurate analysis and gain insights on the gardening equipment market.