19-Apr-2023
The advancements in technologies related to landscaping services play a crucial role in the growth of the lawn care products market.
According to a new research report by Next Move Strategy Consulting, the Lawn Care Products Market size was valued at USD 44.18 billion in 2023, and is predicted to reach USD 68.66 billion by 2030, with a CAGR of 6.10% from 2024 to 2030. In terms of volume, the market size was 309626 units in 2023, and is projected to reach 515784 units by 2030, with a CAGR of 7.20% from 2024 to 2030.
The major benefits associated with lawn care products include improving the soil structure, trapping stormwater runoff, curbing carbon dioxide emissions, and cleaning the air. These benefits act as the key driving forces of the global lawn care products market. In addition, a rising inclination towards landscaping is expected to boost the market growth.
On the contrary, the high cost of lawn care products hinders the market growth. However, the rise in the implementation of smart lawn care technologies to improve the efficiency and effectiveness of lawn care and landscaping services is expected to create growth opportunities for the market players in the future.
According to the report, the leading market players in the manufacturing of lawn care products market are Makita Corporation, Stanley Black and Decker, Inc., Toro Company, Kubota Corporation, Emak Group, Husqvarna Group, Deere & Company, Briggs & Stratton Corporation, Honda, and Robert Bosch GmbH.
The information related to key drivers, restraints, and opportunities and their impact on the lawn care products market is provided in the report.
The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
The competitive analysis of the market players along with their share in the lawn care products market is mentioned.
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