Cordless Garden Tools Market Scope
Cordless garden tools are equipment that is driven by an extra power source other than manual labor. Cordless garden tools have high growth prospects owing to the unavailability and high cost of labor. Furthermore, technological advancement in the garden tools expected to drive the market demand over the forecasted period. In addition, less weight and longer runtime increasing the demand of these tools in the market. Governments of various countries providing subsidies and schemes related to gardening and agricultural activity boosting the demand for cordless garden tools.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Deere & Company (United States), Husqvarna (Sweden), The Toro Company (United States), MTD (United States), Craftsman (United States), Emak (Italy), Robert Bosch (Germany), Black & Decker (United States), Stihl (Germany), Blount International, Inc (United States) and TTI (United States) |
CAGR | 4.2% |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Cordless Garden Tools market throughout the predicted period.
Deere & Company (United States), Husqvarna (Sweden), The Toro Company (United States), MTD (United States), Craftsman (United States), Emak (Italy), Robert Bosch (Germany), Black & Decker (United States), Stihl (Germany), Blount International, Inc (United States) and TTI (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Briggs & Stratton (United States), Greenworks (United States) and Makita (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cordless Garden Tools market by Type , by Application (Household Use, Commercial Use and Public Use) and Region with country level break-up.
On the basis of geography, the market of Cordless Garden Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2023, these two industry giants announced a partnership to develop and market a new line of interchangeable battery-powered outdoor power tools. This could potentially shake up the market and lead to more innovation in the cordless tools sector.
In April 2023, Husqvarna, a Swedish chainsaw and lawnmower manufacturer, acquired Gardena, a German company known for its watering systems and gardening tools. This deal gives Husqvarna a stronger foothold in the European market and expands its product portfolio.
Influencing Trend:
Use of Lithium-ion Battery Technology in Cordless Garden Tools
Market Growth Drivers:
Adoption of Automation in Lawn Care and Straight Government Regulation on Air and Noise Pollution
Challenges:
Complex Operation and Replacement of the Battery is an Expensive
Restraints:
High Product and Maintenance Cost
Opportunities:
Increasing Demand for Cordless Garden Tools due to Technology Advancement, Increasing Demand for Garden Tools because of the High Cost of Labour and Less Weight and Longer Runtime Increasing Demand of Cordless Garden Tools
Key Target Audience
Cordless Garden Tools Manufacturers, Cordless Garden Tools Suppliers/ Distributors, Raw Material Suppliers, Potential Investors and Research and Development Organisation