The global gardening and agriculture equipment market is slated to witness a decent CAGR of 5.3?tween 2021 and 2031.
Advancements in agriculture is the need of the hour. Countries like India, Israel, and China are making remarkable investments in gardening and agriculture equipment. The governments are providing wholesome subsidies herein. These factors are bound to take the gardening and agriculture equipment market by storm in the forecast period.
The developing economies are also showing interest in commercializing the private gardens. This trend is expected to add a handsome chunk to the revenue. The developed countries are already into commercial gardening, especially ergonomic designs. It needs to be noted that there is a dearth of physical labour with regards to operation of gardening equipment.
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Those suffering from ailments like arthritis are literally at their wit’s end when it comes to taking care of gardens. This is where ergonomic equipment come rescue as this equipment help in eradication of pressure and provide a good grip, thereby helping the people to play safe.
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With the construction sector growing by leaps and bounds, the demand for gardening and agriculture equipment is bound to skyrocket. The modern-day city planning projects are for advanced gardening tools to facilitate gardening.
Also, the trend to “DIY” regarding gardening is driving the growth of gardening and agriculture equipment market. People are also going for home farming, which is expected to keep up the momentum for gardening and agriculture equipment market.
What encompasses the gardening and agriculture equipment market?
The global gardening and agriculture equipment market, by type of equipment, spans walk behind wheeled string trimmers, field & brush mowers, chipper & shredders, 3 point tractor implements (cutters & mowers, rakes, planters, spreaders, tillers, and likewise), and leaf and litter vacuums. By application, it’s agriculture & horticulture and gardening (commercial and residential). Out of these, chipper & shredders hold the largest market share, with the Asia-Pacific being led by South Korea, India, and Australia.
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What’s with the Regions?
North America and Europe hold the largest market share. This could be attributed to the guidelines laid down by the government of the US regarding community garden plots. Therefore, modern designs are being preferred for several garden sizes. There are also tautened protocols and rules related to gardens’ periodic conversion in private premises as well as community.
Along these lines, Radius Garden has its digging equipment abreast with comfort GEL and eGrip technology therein. Plus, landscaping is taking its course. It does provide proper resale value to building. The other benefits of landscaping are inclusive of restoration of native plants to the residential landscapes, addition of plants indoors for improving quality of human productivity as well as air. Plants were being used in the form of food source inside the residence and also for proper removal of waste by creation of residential composting systems.
The key participants in gardening and agriculture equipment market include:
Husqvarna Group, Honda Motor Co., Ltd., Andreas Stihl AG & Co. KG, Briggs & Stratton Corporation, Ohashi Inc., EMB MFG Inc., Mahindra & Mahindra Ltd., BEFCO, Inc., Protero Inc., KUHN S.A., The Toro Company, AGCO Corporation, Kubota Corporation, Deere & Company, Generac Power Systems, Inc., Hitachi Construction Machinery Co. Ltd., Robert Bosch GmbH, and likewise.
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Organic as well inorganic modes of expansion are being tried out by the manufacturers for keeping themselves afloat.
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