Lawn & Garden Equipment Market Size, Share, Growth Analysis, By Type(Lawn Mowers, Chainsaws), By Power(Manual, Electric), By End User(Residential, Playgrounds) - Industry Forecast 2024-2031

Global Lawn & Garden Equipment Market size was valued at USD 31.52 billion in 2019 and is poised to grow from USD 33.76 billion in 2023 to USD 62.59 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

Tools used for pruning, lining up, cutting, and maintaining the lawn and garden structure are known as lawn and garden equipment. The increased need for automated and technologically advanced garden equipment on golf courses, playgrounds, and residential properties is what led to the development of this equipment. The significant growth drivers of the lawn and garden equipment market are the high density of golf courses and the quickly expanding course maintenance activities. The National Golf Foundation found that out of 251 nations and dependent territories, golf is presently played in 206 of them. On Christmas Island, there is a nine-hole course included with that. There are more than 38,000 golf courses around the globe, located in around 82 percent of the nation.

It is projected that the volume share of lawn & garden equipment would expand due to golfers' increasing involvement in sporting events. Tournaments that need regular golf course maintenance will be stimulated by the age group of older adults, which is expanding. For mowing and cutting grass, gas-powered tractors and lawn mowers can offer a practical & efficient substitute for golf clubs. The total audience for golf is thought to be 106 million. In 2021, one in three Americans participated in golf (on or off the course), watched golf on television or online, read about the game, or listened to a podcast on the sport. In 2021, 37.5 million Americans aged 6 and older played golf, both on and off the course. This comprises 12.4 million individuals who only engaged in off-course golf activities at locations like driving ranges, indoor golf simulators, or golf entertainment centers like Topgolf and Drive Shack, as well as the 25.1 million people who played golf on a course.

US Lawn & Garden Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.