Electric Cordless Lawn and Garden Tools Market 2022, Industry Growth, Competitors Analysis and Forecast 2028 - Fighting Hawks Magazine

2022-09-16 22:55:57 By : Ms. Linda Wu

Global Electric Cordless Lawn and Garden Tools Market is valued at approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2028.

An electric cordless lawn and garden tools are a variety of tools that are powered by a battery or battery pack to maintain the aesthetic appearance of lawns and gardens. These tools can operate without a power cable or cord attached to an electrical outlet to run mains power and this offer greater mobility to the users. The growing demand for landscaping services, rising investment in the construction of government and public places like parks, gardens, and sports stadiums, coupled with the rising number of golf courses and country clubs are the key factors burgeoning the global market growth.

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For instance, according to Statista, in the United States, the golf courses and country clubs sector generates a revenue of around USD 23.22 billion in 2018. Also, the amount increases and is projected to reach nearly USD 24.65 billion by 2024. Accordingly, the rising construction of the golf courses is fueling the demand for Electric Cordless Lawn and Garden Tools, which, in turn, accelerates the market growth around the world. However, high maintenance costs and the rising adoption of artificial grass impede the growth of the market over the forecast period of 2022-2028. Also, the increasing availability of advanced products and growing inclination towards repairing, maintenance, and remodeling activities of the residential backyard are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Electric Cordless Lawn and Garden Tools market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising number of golf sports activities and increasing adoption of Li-ion batteries in electric tools. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing investments in research and development activities, and the surging demand for garden maintenance tools, would create lucrative growth prospects for the Electric Cordless Lawn and Garden Tools market across the Asia-Pacific region.

Major market players included in this report are:

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

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Key Benefits of This Market Research:

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