Title: Lawn & garden equipment market trends research and projections for 2019- 2025
1Lawn garden equipment market trends research
and projections for 2019- 2025
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2- According to the latest research by GMI, Global
Lawn and garden equipment Market size is expected
to exceed USD 45 billion by 2025. Proliferating
construction activities globally coupled with
rising adoption of green roof technologies are
driving the market share. - Growing commercial and residential construction
projects in emerging economies coupled with
changing lifestyle and rising disposable income
are driving the lawn garden equipment market
share. - Lawn and garden equipment are widely used in
public properties such as sport fields and parks.
Additionally, growing adoption in developed
economies will further boost the industry
expansion. - Electric powered equipment will showcase the
highest growth with around 8 CAGR up to 2025
owing to increasing efficiency of equipment.
Industry participants are taking initiatives to
enhance the battery efficiency to reduce the
intermediate charging time.
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3- Some major findings of the Lawn and garden
equipment market report include - Rising technological advancements focusing on
improving the cutting operations are supporting
the market expansion - Increasing consumer spending along with
International trade agreements are driving
adoption of garden equipment - Supporting government initiatives for green and
sustainable environment will provide lucrative
opportunity for industry expansion - The industry is fragmented ion nature with the
presence of multiple companies including Deer
Company, Husqvarna Group, MTD Holdings, TTI, and
Robert Bosch GmbH - Product launch along with establishment of
logistic centers are the major strategies adopted
by industry players to enhance their market share
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5- Asia pacific will showcase a significant growth
with over 8 CAGR by 2025 owing to improving
economic conditions lead to urbanization and an
upsurge in housing activity. Various upcoming
sporting events in the region such as 2020
Olympics in Japan and 2022 Winter Olympic games
in China have sprung influx of equipment demand
to aesthetically enhance the visual appeal of
certain hosting stadiums. Further, increasing
number of golf courses and playgrounds are also
driving the growth for fossil fuel and electric
operated mowers.
- Some of the industry participants operating in
the lawn garden equipment market are TTI, MTD
holdings, Deer Company, Honda, Husqvarna Group,
Stilh, Kubota, and Robert Bosch. Industry
participants are focusing on optimizing their
supply chain operations along with introducing
new products to drive their product sales.
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