Global Lawn and Garden Equipment market will reach 24200 million US$ by the end of 2025
Published Date: 2019/1/29
Lawn & Garden Equipment, power Lawn & Garden Equipment means for gardens, green and later involved in conservation machinery and equipment, including lawn establishment and maintenance machinery, planting and maintenance of green machinery, planting and maintenance of urban trees and shrubs machinery, apparatus and equipment floriculture, garden engineering and professional sports venues.
In the coming years there is an increasing demand for Lawn & Garden Equipment in the regions of North America and Europe that is expected to drive the market for more advanced Lawn & Garden Equipment. Increasing of household used fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Lawn & Garden Equipment will drive growth in United States and Europe markets.
Globally, the Lawn & Garden Equipment industry market is concentrated as the manufacturing technology of Lawn & Garden Equipment is relatively matures than some high-tech equipment. And some enterprises, like Husqvarna, Stihl, John Deere, MTD etc. are well-known for the wonderful performance of their Lawn & Garden Equipment and related services. At the same time, North America, occupied 43.26% revenue market share in 2016, is remarkable in the global Lawn & Garden Equipment industry because of their market share and technology status of Lawn & Garden Equipment.
The consumption volume of Lawn & Garden Equipment is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Lawn & Garden Equipment industry may not keep that fast. But it is surely forecasted that the market of Lawn & Garden Equipment is still promising.
The global Lawn and Garden Equipment market is valued at 18800 million US$ in 2017 and will reach 24200 million US$ by the end of 2025, growing at a CAGR of 3.2% during 2018-2025.
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