Worldwide Consumer Power Lawn & Garden Equipment Industry to 2025 - Pandemic-Related Boom in DIY Drives Sales - Benzinga

2022-09-17 10:10:39 By : Ms. Ning Yang

Dublin, Sept. 12, 2022 (GLOBE NEWSWIRE) -- The "Global Consumer Power Lawn & Garden Equipment Market 2021-2025" report has been added to ResearchAndMarkets.com's offering. Global consumer demand for power lawn and garden equipment is projected to increase 2.1% per year to $15.2 billion in 2025. While rising consumer spending and single-family housing construction will provide sales opportunities, suppliers will be challenged to build on an elevated pandemic-era market. Pandemic-Related Boom in DIY Drives Sales An increase in time spent at home due to the COVID-19 pandemic spurred increased participation in DIY activities - including lawn and garden care - beginning in spring 2020. As a result, sales of power lawn and garden equipment to consumers were at elevated sales levels in 2020 and 2021. This trend was particularly noticeable in the US, which is by far the largest market for these products worldwide. While short-term societal shifts have been a boon to the consumer power lawn and garden equipment industry during the pandemic, it remains to be seen how much of these gains can be retained. It is expected that sales growth will slow through 2025 as:

However, many pandemic-era trends - particularly the expansion of remote work - may prove to be permanent to an extent, potentially allowing sustained higher sales. Robotic Mowers Offer Opportunities Outside of DIY Robotic lawn mowers are already popular in Western Europe and are expected to become even more prevalent throughout that region in the 2020s. These products have not yet caught on in the US and hold opportunities for significant growth, although the particularly strong DIY lawn care culture and high average yard sizes in that country makes it uncertain whether they will be able to achieve market penetration similar to that in Europe. Robotic lawn mowers could also be an important tool for lawn and garden equipment suppliers to generate sales outside of the US and Western Europe. In many lower income countries, demand is suppressed by lack of interest in DIY lawn care, and this cultural factor poses a restraint on sales gains even as countries like India achieve rapid economic growth. Robotic mowers hold the potential to not only take market share from commercial landscaping services, but to serve as a bridge to greater consumer interest in lawn care products. Battery-Powered Equipment Holds Best Prospects Rising penetration of battery-powered consumer lawn and garden equipment has been one of the most important trends of the 21st century and will remain a major factor throughout the 2020s. Battery power will continue to increase its market share in handheld products like string trimmers, while a newer trend is the use of this technology in larger products like riding mowers. As the technology improves, it is expected that battery-powered consumer lawn mowers will become an increasingly significant share of the market. Key Topics Covered: 1. Executive Summary 2. About This Report

3. Factors Impacting Lawn & Garden Equipment Demand

For more information about this report visit https://www.researchandmarkets.com/r/azidqb

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.