"The Report Global
Garden Tools Market 2017-2021 provides information on pricing, market
analysis, shares, forecast, and company profiles for key industry
participants. - MarketResearchReports.biz"
MarketResearchReports.biz
has recently added a report, titled, “Global
Garden Tools Market 2017-2021,”
to their offerings. The report finds that with the global economy
gradually gathering steam after the economic downturn, the
expenditure on garden and lawn care equipment has received a major
boost. In the years ahead too, this momentum will hold owing to
demand for landscaping and greater disposable income in advanced
countries.
Other
factors stoking growth in the market are soaring take-up of gardening
as a hobby, product innovations, and technological advancements.
Besides, new houses coming up, the popularity of green roofs and
growing number of golf courses, parks, and public gardens are also
pushing up demand in the market. Countering the growth in the market
is the rising usage of synthetic grass and sports turf, seasonal
business and stiff competition in terms of pricing and product
differentiation.
The
report forecasts the global market for garden tools to grow at a CAGR
of 4.97% from 2017 to 2021. Some of the noticeable trends in the
market are the soaring popularity of ergonomic designs and
multi-purpose tools and popularity of gardening in developing
regions.
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Report @
Having
thrown light on the growth drivers and restraints, the report goes on
to segment the global market for garden tools on the basis of
products into lawn mowers market, power tools market, hand tools
market, and garden accessories market. Depending upon end-users, the
market can be divided into residential garden and lawn tools market
and commercial garden and lawn tools market.
Geographically,
the major regions studied in the report are North America, Europe,
and the Rest of the World. Among them, North America grosses maximum
revenue and would continue doing so in the years ahead as well on the
back of soaring popularity of landscaping activities among consumers
in the region. Further, the improving U.S. economy that has once
again bolstered the housing market is also positively impacting the
market.
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The
report assesses the market to arrive at its current size and also
predicts its possible size in 2021. To gauge the current competitive
dynamics in the market, it sheds light on the current players and
their strategies. At present, the global market for garden tools is
witnessing stiff competition on account of the presence of many
well-entrenched vendors who try to outsell one another on the basis
of price, differentiation, quality, distribution, and promotion. This
also serves to bring down their profit margins. As a result, savvy
players are looking to make inroads into the relatively untapped
emerging markets.
Some
of the key players operating the global market for garden tools are
Robert Bosch, the Toro Company, Husqvarna, MTD, Robert Bosch, and
STIHL. The report examines their product offerings, sales, revenues,
and market shares.
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