South Korea Lawn Care Products Market by Product Type (Lawn Mowers, Cutters & Shredders, Tractors, Grass Seed Distributors, Fertilizer Distributors, Pesticide Distributors, Weed Killer Distributors, Dethatchers, Aerators, Tillers, Sprinklers, Edgers, Leaf Blowers, and Others), by Application (Residential, Commercial, Golf Courses, Playgrounds, and Others) and by Propulsion (Diesel, Gas, Electric, and Manual) - Opportunity Analysis and Industry Forecast, 2024-2030
Industry: Construction & Manufacturing | Publish Date: 12-Apr-2024 | No of Pages: 147 | No. of Tables: 112 | No. of Figures: 77 | Format: PDF | Report Code : N/A
Market Overview
The South Korea Lawn Care Products Market size was valued at USD 1.02 billion in 2023, and is predicted to reach USD 1.93 billion by 2030, with a CAGR of 9.2% from 2024 to 2030. In terms of volume, the market size was 8027 units in 2023, and is predicted to reach 17863 units by 2030, with a CAGR of 11.7% from 2024 to 2030.
Lawn care products are indispensable tools for preserving the health and beauty of lawns. Through the strategic deployment of various machines, tools, and treatments, individuals can cultivate lush, green expanses that provide an inviting setting for outdoor activities. These products play a vital role in combating common issues such as nutrient deficiencies, weed overgrowth, pest infestations, and fungal diseases, ensuring the sustained vitality of the lawn.
Increasing Awareness of Lawn Health Propels the South Korea Market Growth
The growing awareness of lawn health is a significant driver of the lawn care products market growth in the country. With increasing attention towards maintaining lush and vibrant lawns, homeowners are actively seeking effective solutions to address various lawn health issues.
This trend has led to a surge in the demand for a wide range of lawn care products, including fertilizers, pesticides, and soil conditioners. Moreover, as consumers become more educated about the importance of proper lawn maintenance practices, there is a growing preference for eco-friendly and sustainable lawn care solutions.
This heightened awareness not only drives market growth but also fosters innovation in the development of new and advanced lawn care products. Overall, the increasing awareness of lawn health contributes significantly to the expansion of the lawn care products market.
The Growing Number of Outdoor Living Spaces Boosts the South Korea Market Growth
The growing preference for outdoor living spaces is driving the demand for lawn care products, contributing to market growth in the country. These outdoor zones, encompassing patios and gardens, demand regular care, thereby increasing the sales of fertilizers and pest control solutions.
Homeowners are placing greater emphasis on maintaining their lawns to enhance the attractiveness of their outdoor areas and establish hospitable settings for social gatherings.
This trend is also encouraging innovation in specialized products tailored for outdoor environments, creating avenues for manufacturers to explore. In summary, the expansion of outdoor living spaces serves as a significant driver of the ongoing growth in the lawn care products market.
The High Price of Lawn Care Products Acts as a Restrain of the South Korea Market Growth
The high prices associated with lawn care products pose a significant barrier to market growth in the country. As consumers prioritize value and affordability, the steep costs of these products may discourage purchases and impede market expansion. Price-sensitive consumers may opt for more budget-friendly alternatives or reduce their consumption of lawn care products altogether, resulting in subdued demand and limited market penetration.
Moreover, the perception of lawn care products as discretionary rather than essential purchases may further exacerbate this restraint, particularly during periods of economic uncertainty. To overcome this challenge, manufacturers must explore strategies to reduce costs and offer more competitive pricing, thereby making their products more accessible and stimulating market growth.
The Rising Adoption of Smart Lawn Care Technology Creates Ample Growth Opportunities for the South Korea Market
The rising adoption of smart lawn care technology in the country creates ample growth opportunities within the market landscape. As consumers increasingly prioritize efficiency and sustainability in their outdoor maintenance routines, the demand for smart devices such as robotic mowers, smart irrigation systems, and soil moisture sensors is witnessing significant growth.
These innovative solutions offer benefits such as water conservation, time-saving automation, and remote monitoring capabilities, resonating with environmentally conscious consumers. Moreover, the integration of artificial intelligence and Internet of Things (IoT) functionalities empowers users with intelligent insights and personalized lawn care strategies. Manufacturers stand poised to capitalize on this trend by developing cutting-edge smart lawn care solutions that cater to evolving consumer needs, thereby driving market expansion and fostering competitive differentiation.
Competitive Landscape
Various market players operating in the South Korea lawn care products market include 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. These market players are adopting various strategies, such as product launches and partnerships, across various regions to maintain their dominance in the South Korea lawn care products market.
South Korea Lawn Care Products Market Key Segments
By Product Type
-
Lawn Mowers
-
Cutters & Shredders
-
Tractors
-
Grass Seed Distributors
-
Fertilizer Distributors
-
Pesticide Distributors
-
Weed Killer Distributors
-
Dethatchers
-
Aerators
-
Tillers
-
Sprinklers
-
Edgers
-
Leaf Blowers
-
Others
By Application
-
Residential
-
Commercial
-
Golf Courses
-
Playgrounds
-
Others
By Propulsion
-
Diesel
-
Gas
-
Electric
-
Manual
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 1.02 Billion |
|
Revenue Forecast in 2030 |
USD 1.93 Billion |
|
Value Growth Rate |
CAGR of 9.2% from 2024 to 2030 |
|
Market Volume in 2023 |
8027 Units |
|
Unit Forecast in 2030 |
17863 Units |
|
Volume Growth Rate |
CAGR of 11.7% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
Makita Corporation
-
Stanley Black and Decker, Inc.
-
Toro Company
-
Kubota Corporation
-
Emak Group
-
Husqvarna Group
-
Deere & Company
-
Briggs & Stratton Corporation
-
Honda
-
Robert Bosch GmbH
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