Gardening equipment market growth drivers in 2017 & Challenges by 2024

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Gardening Equipment Market trends research and
projections for 2018- 2024
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• Global Market Scenario of Construction Industry

• Gardening Equipment Market size is expected to
  grow significantly over the forecast period.
  Technological advancements such as robotic lawn
  mower, GPS equipped lawn mowers, and battery
  powered hand tools to save time, cost, and energy
  will drive the industry.
• Urban end users require products that take less
  time and are easy to store and use. The tools
  that require less maintenance are preferred by
  the users. The increasing prices of advanced
  convenient tools may restrict the gardening
  equipment industry growth.
• The positive response from private firms and
  government funding for landscape development may
  accelerate the industry growth rate in projected
  timeline. Increasing private firms in the
  industry may reduce the prices for
  technologically advanced products.
•  

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• As GDP growth rate accelerates, consumer
  confidence and income levels rise, customers may
  increasingly spend their disposable income on
  these durable advanced lawn tools for
  recreational activities and landscaping services,
  which will boost the demand for both commercial
  and consumer gardening equipment market size.
• Development of mobile lawn applications across
  various platforms, such as Android, iOS, and
  Windows, may generate a significant interest
  among the population, thereby enabling gardening
  equipment industry to grow in the forecast
  timeline. Social media and smartphones offer
  manufacturers with opportunities for product
  marketing and promoting the tools among young end
  users. In addition, urbanization may bolster the
  demand for related tools. 
• The industry is consolidated in nature with the
  presence of less number of players holding
  dominant industry share. However, these industry
  players are facing significant competition from
  the local manufacturers. Players are likely to
  invest in the product innovation to satisfy and
  increase their customer base. 

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• Regional Analysis

• North America accounted for over 30 of the
  industry share. Asia Pacific is expected to be
  the fastest growing region for lawn tools owing
  to the availability of low-cost labour in the
  region. Rising disposable income in the
  developing economies along with strong GDP growth
  rate is estimated to drive the industry over the
  forecast timeline. Increased standard of living
  has led to the adoption for lawn care as a hobby
  for the people. The Middle East and Latin America
  are estimated to offer growth avenues due to
  their developing construction industry. 

• Competitive Analysis

• Gardening equipment market players are Kingfisher
  PLC, BayWa AG, Bosch Power Tools, Castorama,
  Ariens Company, Toro, Daiya Tsusho Co., Ltd., MTD
  Products, Wesfarmers, Ltd., Home Retail Group
  PLC, The Ace Hardware Corp., Kingfisher PLC, The
  Home Depot, Inc., Deere Company, Kubota,
  Makita, Honda Power Equipment, and Husqvarna
  Group.

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