Lawn and Garden Equipment Market Share

North America Market Statistics

North American in lawn & garden equipment market is estimated to dominate over 42% revenue share by 2037. In regard to the existence of several dominant market firms, such as the Toro Company and Deere & Company, North America currently holds the largest market share. These devices' independence helps users cut down on time spent gardening, which makes the procedure easier.

Among the world's largest markets for lawn and garden tractors is the United States. A number of vendors with operations in Asia seek to export to the United States. Additionally, because of their vast yards, love of outdoor living spaces, proximity to large golf courses and sports fields, among other factors, average American households spend more on lawn & garden equipment. The National Golf Foundation, for example, (NGF) projected that the United States had more than 16,100 golf courses by the end of 2020. Consequently, this is increasing the use of garden equipment in American facilities.

Equipment for lawn and garden supplies hedge trimmers sold at Canadian retail stores between 2013 and 2020. In 2020, the quantity of lawn and garden supplies, equipment, and plants sold in retail stores in Canada was estimated to be USD 5.81 billion.

APAC Market Analysis

The APAC region will also encounter huge growth for the lawn & garden equipment market. As more smart home devices are created, consumers are searching for items that can be watched over and managed by smartphones or other devices. This led to the development of smart water controls, which enable users to plan their water usage and get alerts when something goes wrong with the system. Furthermore, there is an increasing demand for personalized water solutions. Customers like products, such as plant management or irrigation systems, that can be customized to meet their specific needs and preferences.

The lawn & garden equipment market in Asia Pacific has continued to grow during the period from 2017 to 2019, reaching approximately USD 2.7 billion by end of 2019. In the year 2019, China had a market share of about USD 955 million in lawn & garden equipment versus the rest of Asia Pacific nations.

The growing technological usage in the region's nations will contribute to the region's increased need for gardening equipment. It is anticipated that government–led eco–city development initiatives will propel China's garden equipment market forward. Chinese gardeners are benefiting greatly from the growing popularity of robotic models with connectivity and smart functions like mapping lawns and navigation, as well as from the introduction of user–friendly models and the growing interest in backyard aesthetics.

South Korea's share of the worldwide gardening equipment sector is predicted to grow as long as it remains a popular gardening destination and leisure activity. In 2024, the market in South Korea is expected to be worth USD 6.85 billion. The proactive strategy adopted by South Korea to sustain its gardening equipment industry combines innovation, industry cooperation, customer involvement, and government regulations that are conducive to the sector. Growing interest in home gardening, urbanization, and changing lifestyles have all contributed to a considerable increase in the demand for gardening equipment in South Korea in recent years.