PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1389844
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1389844
Europe Holds a Majority Share with Technological Advancements in Hybrid Electric Gardening Tools; Commercial Sector Dominates Market Expansion
The global gardening tools market, currently valued at US$ 8.9 billion, is poised to achieve a market valuation of US$ 13.2 billion by the end of 2031. Europe is expected to maintain its dominant position, accounting for 29% of the global market share, primarily driven by technological advancements in hybrid electric gardening tools. These advancements enhance operational efficiency, reduce downtime, and minimize service costs and repairs.
Key Factors Driving Demand for Gardening Tools
Increasing Adoption of Gardening Power Tools for DIY Activities
In developed regions such as North America and Europe, high living standards and changing lifestyles are driving consumer interest in do-it-yourself (DIY) activities. Simultaneously, in developing regions, a growing population and rising disposable income are fueling the DIY market, leading to increased sales of gardening power tools.
DIY activities offer long-term cost savings compared to hiring expensive labor for horticultural work, resulting in higher demand for gardening power tools. Additionally, the proliferation of e-commerce has made gardening tools easily accessible to consumers, with the added benefit of discounts.
Rise of Hydroponic Gardening Trend
The adoption of hydroponic systems in commercial farming is on the rise, significantly impacting the gardening tools market. Hydroponics can increase crop production by 3 to 10 times within the same area as traditional soil-based cultivation.
Hydroponic systems allow precise control over pH levels and nutrient delivery, ensuring optimal plant nutrition. These closed-loop systems recycle unused water, and growers can regulate temperature and lighting to maximize plant productivity indoors. Furthermore, hydroponics enable farming in areas with unfavorable soil conditions, further boosting demand for gardening tools.
Country-wise Market Insights
U.S. - A High-Growth Market for Gardening Tools
The U.S. gardening tools market is expected to witness steady growth, driven by manufacturers' development of innovative products.
India - High Demand in Commercial Sectors
India is poised to experience high demand for gardening tools, particularly in commercial sectors such as landscaping, nurseries, commercial farming, and agriculture. Rapid urbanization and a growing economy contribute to this trend.
U.K. - Thriving Garden Supplies Market
The U.K. has emerged as a lucrative market for gardening tools and supplies, with increasing interest in landscaping and horticultural activities. Sales of gardening solutions and supplies are on the rise, driven by technological advancements, increased disposable income, and a substantial senior population engaged in gardening activities.
Competitive Landscape
The gardening tools market has witnessed increased acquisitions and expansion plans to enhance supply chain efficiency. Key manufacturers are focused on developing technology-driven gardening tools, while new market players have entered the landscape.
Key Companies Leading the Market
Key Segments in Gardening Tools Industry Survey
Shears and Pruners
Loppers
Handsaws
Hedge Trimmers
Hammers
Axes
Mattocks
Shovels and Spades
Others
Landscaping
Nurseries
Commercial Farming and Agriculture
Recreational Centers
Commercial Gardening
Public Institutions
Offices and Business Spaces
Residential Spaces
Personal and DIY Gardening
Community Parks
Shears and Pruners
Loppers
Handsaws
Striking Tools
Mattocks
Shovels and Spades
Lawn Mower
Others
Blowers
Hedge Trimmers
Electric Pruners
Lawn Mowers
Earth Augers
Others