Global Landscaping Tools Market is Estimated to Witness High Growth Owing to Increased Do-It-Yourself Activities and Growing Residential & Commercial Construction
The global landscaping tools market is estimated to be valued at US$ 33.24 Bn in 2024 and witness a CAGR of 4.8% over the forecast period (2023-2031). Furthermore, the growing popularity of gardening and do-it-yourself projects among consumers is also fueling the market growth.
Market Dynamics:
The growth of the Global Landscaping Tools Market is driven by the increasing do-it-yourself (DIY) activities and growing residential and commercial construction activities. The rising disposable income and changing lifestyle of consumers have increased DIY culture and spending on gardening and lawn care equipment. Consumer preference for manicured lawns and gardens to enhance the aesthetics of their homes has created strong demand for power and hand tools for landscaping. Moreover, rapid urbanization has propelled infrastructure development and new residential and commercial construction worldwide, which in turn has raised the requirement for landscaping services and equipment. However, availability of counterfeit and low-quality products in the market may hinder the growth of established brands. Nevertheless, technological innovations in landscaping equipment and emergence of battery-operated tools are expected to offer lucrative opportunities for market players over the forecast period.
Increasing Population Density is Driving the Demand for Improved Outdoor Living Spaces
As urbanization continues at a rapid pace around the world, population density in cities is increasing substantially. With less available space per person, homeowners and property owners are looking for innovative ways to maximize the usage of their outdoor areas. Landscaping tools allow efficient maintenance and beautification of gardens, lawns and other landscape areas on residential and commercial properties. Improved aesthetics and functionality of outdoor spaces contributes towards higher property values. Furthermore, landscaping helps reduce stress levels and improves overall well-being of residents in dense urban environments. The growing priority given to outdoor living is a key driver boosting the demand for high-quality landscaping tools globally.
Rising Disposable Incomes are Encouraging Homeowners to Invest More in Yard Maintenance
In parallel with urbanization, economic development has also led to substantial growth in disposable incomes across both developed and developing nations. This provides homeowners with greater budget flexibility to beautify and enhance their properties. Yard maintenance and landscaping were previously considered a luxury for higher income groups only. However, increasing affordability has made quality landscaping tools accessible to middle-income homeowners as well. Professional landscaping services are also gaining popularity for specialized projects. Higher spending power encourages longer-term and more frequent investments in gardening equipment, further benefiting tool manufacturers. Sustained economic growth worldwide remains integral to the market's continued expansion.
Seasonal/Intermittent Usage Patterns Reduce Total Addressable Market Size
Unlike other tools that see year-round applications, landscaping equipment is primarily used during specific seasons depending on climate conditions and regional planting cycles. For many parts of the world, the peak gardening months span spring and summer only. This means the equipment lies idle for a large portion of the year. As a result, homeowners are less inclined to purchase high-end products due to limited ROI. Renting and borrowing remains more practical for occasional or non-professional use cases. Seasonality constrains the total number of units that can be sold annually on a global scale compared to other industries. It remains a restraint for tool manufacturers to overcome.
Strong Competition from Generic Alternatives Cuts into Brand Loyalty
The landscaping tools category includes several commodity products where little differentiation exists between brands. Equipment, such as garden hoes, rakes, lawn mowers, etc., face intense price competition from various generic manufacturers, especially in developing Asian markets. Well-known brands struggle to command premium pricing and must continuously innovate to justify their price points. Consumers demonstrate lower inclination to reuse the same brand if a good performing lower-cost product is readily available. While commodity goods cater to price-sensitive customers, they undermine the revenue generating potential of established brands. Strong competition limits the profits that can be realized within this market segment.
Growing Interest in Outdoor Gardening and Organic Farming
The pandemic has led to a surge in at-home hobbies and activities as people spent more time indoors. Gardening emerged as a popular way to spend time outdoors while staying socially distanced. What started as a fad during lockdowns is gaining permanence as a stress-relieving pastime. Both professional and home gardening are becoming more sophisticated with the adoption of precision tools, hydroponics, organic techniques etc. Meanwhile, organic and sustainable farming is transforming agriculture globally. These evolving trends present opportunities for specialized high-margin landscaping equipment focused on precision, productivity and emerging methods. Niche products targeting specific applications and professional growers remain relatively untapped compared to commoditized segments.
Expanding DIY Home Improvement Activities Augment Tool Demand
The worldwide DIY home improvement market has been growing significantly, estimated to surpass $150 billion annually. Independent of their primary occupations, more people are handling minor repairs and projects themselves to save costs. Yard work and gardening are highly suitable for do-it-yourself activities. Major retailers have expanded their power tool and gardening product sections to tap into this demand. Use of online tutorials and social media expertise has also simplified tasks previously requiring professional help. The proliferation of DIY culture supports continuous tool purchases for maintenance, independent of seasonal cycles. It effectively enlarges the addressable customer base beyond traditional landscaping professionals and hobbyists.
Link: https://www.coherentmarketinsights.com/market-insight/landscaping-tools-market-5348
Key Developments:
- In January 2023, John Deere, a leading manufacturer of agricultural machinery, partnered with Microsoft, a global technology giant, to enhance value and efficiency for John Deere dealers. The collaboration focuses on developing a unified technology platform to drive growth, innovation, and customer insights for the dealers.
- In March 2021, STIHL, a renowned manufacturer of outdoor power tools, and its subsidiary ZAMA Corporation, along with the Elrad International Group, formed a joint venture to produce electronic assemblies. This partnership will allow STIHL to concentrate on advancing its cordless systems.
- In January 2021, DEWALT, a brand of Stanley Black & Decker Inc., introduced its new 2x20V MAX Self-Propelled Mower (DCMWSP244U2) and Push Mower (DCMWP233U2). Both mowers feature a high-efficiency brushless direct-drive motor and are powered by two DEWALT 20V MAX 10.0 Ah batteries, offering robust cutting power.
Key Players:
Bosch, Caterpillar Inc., DeWalt, Echo, Husqvarna, John Deere, Kubota, Makita, MTD Products, Oregon, STIHL, Toro, TruCut, Worx, and Yamaha
