The recent report published by Persistence Market Research (PMR) projects that the global market for gardening tools will exhibit a sluggish CAGR of 1.6% in terms of volume between 2017 and 2025.
New York, NY -- (SBWIRE) -- 08/30/2017 -- The report cites that more than 300,000 '000 units of gardening tools will be sold across the globe by the end of 2025. Consumers in developed countries consider small maintenance activities and home improvements as a productive pastime. Companies that manufacture gardening tools are emphasizing on the provisions of portable, compact and more cost-efficient solutions for household use. A positive outlook towards "do it yourself" (DIY) ethics in emerging as well as well urbanized countries is expected to further drive the demand for gardening tools in the near future.
Among regions, the gardening tools market in Europe will remain highly lucrative throughout the forecast period. By 2017-end, close to 100,000 '000 units of gardening tools are estimated to be sold in the region. Preference for greener and aesthetic landscape designs in commercial as well as residential areas has grown significantly in Europe.
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Moreover, factors such as reinstatement of native plants in residential areas, plantation of houseplants to improve the quality of biosphere and increasing popularity of vegetable plant gardening is propelling the growth of the market in Europe. North America is projected to remain the largest market for gardening tools. Positive views on community gardening and increasing DIY attitude in people living in North America. Moreover, availability of the latest-design gardening tools for various types of garden is supporting the growth of the market in the region. On the other hand, arrival of advanced power tools that offer time saving and easy operation is likely to restrict the sales of hand tools to an extent in the Region.
Pruning tools will remain top selling products, with global sales projected to cross 100,000 '000 units toward the end of 2025. Among pruning tools, demand for shears will continue to be high across the globe. Meanwhile, demand for tools such as trowel, hoe, rake, weeder and pithchfork will remain steady throughout the forecast period.
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On the back on the growing popularity of indoor plants, gardening tools will continue to witness rapid adoption for residential purpose. Between 2017 and 2025, use of gardening tool for commercial purposes is expected to remain relatively lower as compared to their use for residential purposes.
On the basis of sales channel, the retail stores segment will retail it top position over in 2017 and beyond. Meanwhile, the online and distributors sales channel segments are also expected to gain traction in the near future. By 2025-end, both the segments are expected to collectively command for nearly sales of 200,000 '000 units of gardening tools.
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Key market players profiled in PMR's report include Fiskars Group, Q.E.P. Co., Inc., FELCO S.A., ANDREAS STIHL AG & Co. KG, Estwing Manufacturing Company, Lasher Tools, Bully Tools, Inc., Ray Padula Holdings, LLC, Joseph Bentley Traditional Garden Tools, SNA Europe, Stanley Black & Decker, Inc., Husqvarna Group, The Ames Companies, Inc., CobraHead LLC, Seymour Midwest, Zenport Industries, Corporación Patricio Echeverria, Radius Garden, Garden Tool Company, and Root Assassin Shovel LLC.