World wide lawn and garden market:
Increasing demand for lawn equipment owing to increasing aesthetic appeal made by the gardens and lawns and increasing smart gardening methods are the key factors considered to drive the lawns and gardens market growth. Nowadays, many families in urban areas are adopting the rooftop or balcony garden method owing to a decrease in the living area space and increasing construction in the dominating regions.
Above mentioned methods of cultivation are increasingly adopted by urban families who are enthusiastic about outdoor activities and mainly contribute towards eco-friendly activities of gardening.
According to a survey conducted by John Deere Co. in 2019, the lawns and gardens equipment market is expected to grow by 35% owing to increasing demand for a time reducing machinery and new gardening methods. Adoption of sustainability in horticulture is the key factor considered to drive the growth of the market and will continue to expand during the forecasting period.
North America is the dominating region in the market with a revenue share of approximately 45% owing to high class manufacturing facilities in the region and increasing house remodeling activities made by youth and retired personnel. Furthermore, increasing awareness for horticulture is the key supporting factor considered to drive the market growth.
Africa and South America are the regions expected to show significant growth in the near future owing to methods of sustainable gardening and cost-effectiveness of equipment for the middle class families.
In a recent research report by Maximize Market Research, the Lawn and Garden Equipment Market is expected to surpass US $XX billion by the year 2026, from US $XX billion in 2019.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than XX%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of white goods in the region, the Value – Chain analysis, and the PORTER’s analysis for the white goods market at a global level.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Lawn and Garden Equipment Market.”
https://www.maximizemarketresearch.com/market-report/global-lawn-and-garden-equipment-market/93286/
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