DUBLIN – (BUSINESS WIRE) – The Garden Tools – Global Market Trajectory & Analytics report has been added ResearchAndMarkets.com Offer.
In the midst of the COVID-19 crisis, the global gardening equipment market, which is estimated at 100.9 billion US dollars in 2020, is expected to reach a revised size of 150.2 billion US dollars by 2027 and with one in the analysis period of 2020 CAGR grow by 5.8%. 2027.
Lawnmowers, one of the segments analyzed in the report, are expected to post a 7.1% CAGR and reach $ 58.4 billion by the end of the analysis period. After an early analysis of the business impact of the pandemic and its triggered economic crisis, growth in the water management equipment segment will be adjusted to a revised CAGR of 5.9% for the next 7 year period.
The US market is valued at $ 27.3 billion, while China is forecast to grow by 9% CAGR
The US garden tool market is estimated at $ 27.3 billion in 2020. China, the world’s second largest economy, is expected to reach a forecast market size of $ 32.2 billion by 2027, an annual growth rate of 9.1%. in the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, which forecast growth of 3.1% and 5.3% respectively over the period 2020-2027. Growth of around 3.7% CAGR is forecast for Germany within Europe.
Hand tool segment for recording 5% CAGR
In the global hand tools segment, the US, Canada, Japan, China and Europe will increase the CAGR estimated for this segment by 4.6%. These regional markets, which together account for a market size of 16.5 billion US dollars in 2020, will reach a projected size of 22.7 billion US dollars by the end of the analysis period. China will continue to be one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India and South Korea, the Asia-Pacific market is projected to reach $ 20.2 billion by 2027, while Latin America is expected to expand at an annual growth rate of 6.1% over the analysis period.
Selected competitors (36 presented in total):
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American Honda Motor Co., Inc.
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AriensCo
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BayWa AG
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Briggs & Stratton Corporation
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Castorama
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Deere & Company
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Falcon garden tools
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Fiskars Group
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Husqvarna AB
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KUBOTA Corporation
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MTD
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Robert Bosch GMBH
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Robomow friendly house
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The Toro Company
Main topics covered:
I. METHODOLOGY
II. SUMMARY
1. MARKET OVERVIEW
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Influencer Market Insights
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World market trends
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Effects of Covid-19 and an impending global recession
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS & DRIVERS
4. PERSPECTIVE OF THE GLOBAL MARKET
III. MARKET ANALYSIS
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UNITED STATES
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CANADA
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JAPAN
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CHINA
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EUROPE
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FRANCE
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GERMANY
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ITALY
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UNITED KINGDOM
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SPAIN
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RUSSIA
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REST OF EUROPE
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ASIA PACIFIC
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AUSTRALIA
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INDIA
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SOUTH KOREA
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REST OF ASIA PACIFIC
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LATIN AMERICA
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ARGENTINA
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BRAZIL
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MEXICO
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REST OF LATIN AMERICA
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MIDDLE EAST
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IRAN
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ISRAEL
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SAUDI ARABIA
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UNITED ARAB EMIRATES
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REST OF THE MIDDLE EAST
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AFRICA
IV. COMPETITION
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Profile of the entire company: 36
Please visit https://www.researchandmarkets.com/r/3hxy4j for more information on this report
