Garden tool market set to grow

Increasing need for landscaping in the commercial and residential areas has revved up demand for gardening tools globally, a new analysis of the market from Persistence Market Research has found.

The global garden tools market is estimated to be valued at US$ 4,200m in 2017, rising to nearly US$ 5,380m by 2025. The gardening tools market is anticipated to create total incremental opportunity of US$ 1,189.8m between 2017 and 2025. The market is expected to register a value CAGR of 2.8% over the forecast period and to witness relatively higher value growth in the second half of the forecast period.
Growing need for enhanced air quality and aesthetic appeal in various industries has led to an upsurge in demand for gardening tools in the residential and commercial industry, says the report.
Moreover, increasing need to restore native plants in the commercial and residential industry will fuel growth of the global gardening tools market during the predicted period. Further, surge in application of
plants as a food source in the residential industry is further predicted to up demand for gardening tools through 2025.
Synthetic grass and artificial turfs is likely to witness surge in demand in the sports, commercial and residential industry. Increasing focus on conservation of water in the residential landscapes in Europe will increase demand for gardening tools. On the other hand, increasing preference for power tools that offer time saving and convenient operations is likely to hinder growth of the global market.
Segmentation analysis shows pruning tools among other products is predicted to remain a leading segment in the global gardening tools market by the end of 2025. This segment is predicted to increase 31.9% in the timeframe.
Shears is predicted to witness relatively high growth among other pruning tools in the global gardening tools market throughout 2025. Trowel, rake, hoe, pitchfork, and weeder among other hand tools segment is predicted to register a Compound Annual Growth Rate (CAGR) of 1.4%, and will witness the second highest growth in the global gardening tools market throughout 2025.
Attributed to surge in demand for indoor plants, the residential industry is likely to witness steady adoption during the predicted period. Commercial and residential industries are likely to witness a relatively low demand for gardening tools in the global market throughout 2025.
Retail stores among other sales channel is predicted to remain a major channel of distribution for gardening tools in the global market of gardening tools. The gardening tools are likely to represent nearly 200,000 units in terms of sales through distributors and online channels collectively. Online channel of sales is predicted to remain relatively more profitable as compared to the other distribution channels of
Regional analysis shows Europe among other regions will remain major market for gardening tools, followed by North America in the global market. Imposition of regulations regarding community
gardeners are likely to impact growth of the global market positively. However, growing preference for using power tools among customers is likely to impede growth of the market in North America.
Players analysed operating in the global gardening tools market are Fiskars Group, Stanley Black & Decker, Inc., Husqvarna Group, Q.E.P. Co., Inc., The Ames Companies, Inc., FELCO S.A., ANDREAS STIHL AG & Co. KG, The Ames Companies, Inc., Estwing Manufacturing Company, CobraHead LLC, Lasher Tools, Seymour Midwest, Bully Tools, Inc., Zenport Industries, Ray Padula Holdings, LLC, Corporación Patricio Echeverria, Root Assassin Shovel LLC, Joseph Bentley Traditional Garden Tools, Radius Garden, SNA Europe, and Garden Tool Company.

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