The lawn and garden equipment market comprises power and hand tools required for landscape maintenance activities, including lawn mowers, trimmers, cutters, and other lawn care equipment. Lawn mowers have traditionally dominated the market, owing to their widespread use for trimming grass in both residential and commercial settings. In addition, string trimmers and hedge trimmers are gaining popularity due to advantages such as maneuverability and ease of use. Various lawn care equipment come equipped with advanced features such as self-propulsion, variable speed control, and grass clipping collection bags. The global residential and commercial sector expansion has fueled demand for well-maintained outdoor spaces, driving the adoption of lawn and garden equipment. The Global lawn and garden equipment market is estimated to be valued at US$ 33.97 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Global Lawn and garden equipment Market Demand are Husqvarna, Deere & Company, Honda, The Toro Company, MTD, Ariens, Briggs & Stratton, Emak, Black + Decker. Husqvarna and Deere & Company collectively hold over 30% share of the global market.

The residential sector accounts for the bulk of demand for lawn mowers and trimmers. Rapid urbanization and rising affluence are fueling home ownership rates in developing economies, driving demand for lawn care equipment. Furthermore, commercial construction activity such as landscaping of public parks and recreational areas also contributes to market growth.

Geographically, North America dominates the market owing to high domestic lawn and garden expenditure. However, Asia Pacific is emerging as the fastest growing regional market with double digit growth, led by countries such as China and India. Leading manufacturers are setting up production bases in Asia to cater to the growing local demand.

Market Drivers
Growth in residential and commercial construction sectors: Rapid construction of homes, apartments, office complexes, malls and other structures has led to a surge in demand for advanced landscaping solutions and outdoor space maintenance equipment.
Influence of Green Living Trends: Changing consumer preferences toward eco-friendly lawn care practices are positively impacting the sales of grass trimmers, powered by lithium-ion batteries, as compared to conventional gasoline models.

Impact of Geopolitical Situation on the Global Lawn & Garden Equipment Market Growth

The current geopolitical uncertainties and regional conflicts have disrupted global supply chains of raw materials and components required for manufacturing lawn and garden equipment. The ongoing Russia-Ukraine war has adversely impacted the supply of crucial raw materials like steel, aluminum and petroleum products from the conflict zones. It has led to sharp rise in commodity prices globally. Manufacturers are facing significant challenges in procuring raw materials at feasible costs. This is negatively impacting the production volumes and margins of lawn and garden equipment producers.

To mitigate the impact of rising input costs and supply chain disruptions, manufacturers will need to judiciously localize procurement and expand local sourcing networks. Companies may need to explore alternate sourcing routes and diversify supplier base beyond the conflict regions. Strategic partnerships and collaborations within regional markets can help boost local manufacturing and meet regional demand even during geo-political turbulence. Producers should also focus on innovations to develop lightweight and energy efficient models requiring less raw materials. Price hikes may be required to offset increased costs, but manufacturers need to balance profitability and demand responsibly.