June 29, 2022 09:30 ET | Source: Persistence Market Research Persistence Market Research
New York, New York, UNITED STATES
New York, June 29, 2022 (GLOBE NEWSWIRE) -- Over the forecast period (2022-2032), the global gardening tools market is projected to expand at a value CAGR of 4.4% to reach a market valuation of US$ 13.4 Bn by 2032. Market growth is being driven by the ongoing demand for landscaping in commercial farming & agricultural, recreation centers, public institutions, offices, and business spaces.
Spending on recreational activities is anticipated to grow over the next several years due to rising customer purchasing power and per capita disposable income. In order to maintain a standard of living owing to societal pressure, people also invest time and money in gardening and gardening tools. The market for gardening equipment, particularly in emerging nations, will enjoy positive demand, given the rise in expenditure on lawn and garden maintenance activities.
Increased demand for gardening tools for activities such as cutting, trimming, and maintenance of commercial gardens and lawns, especially at sports courts and golf courses, is being driven by increased infrastructure development.
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“Demand for gardening tools is mostly influenced by seasonal customer choices; however, private usage has increased recently. A majority of end users now engage in DIY gardening. Expansion and investments in the commercial and residential sectors are driving overall growth of the market. Electric gardening equipment with advanced technology is anticipated to accelerate market expansion,” says a Persistence Market Research analyst.
Leading manufacturers of gardening tools include Stanley Black & Decker, Inc., The Ames Companies Inc., CobraHead LLC, Estwing Manufacturing Company, Seymour Midwest LLC, Bully Tools, Inc., Zenport Industries, Ray Padula Holdings, LLC, Root Assassin Shovel LLC, Lee Valley Tools Ltd., Garden Tool Company, Fiskars Group, Husqvarna Group, and FELCO S.A.
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To gain a competitive edge in the market, players are focusing on research & development to launch new variants of tools. Apart from this, market players are investing in strategic collaborations, mergers, and acquisitions to expand their global footprint.
In 2021, FELCO S.A launched new FELCO 201 loppers, which are available in three sizes, and use an entirely redesigned cutting heads for more efficiency and precision.
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Persistence Market Research, a research and consulting firm, has published a new market research report on the global gardening tools market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, product type, end use, operating type, sales channel, and region. The report also provides supply and demand trends along with an overview of the parent market.
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