The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The lawn and garden tractor and home lawn and garden equipment market have steadily expanded, with the market size projected to increase from $30.5 billion in 2023 to $31.67 billion in 2024. Looking ahead, the market is anticipated to witness sustained growth, reaching $36.21 billion in 2028, driven by a variety of factors such as eco-friendly solutions, aging populations, and technological advancements.

Government Initiatives Foster Market Expansion

• Green Acreage Initiatives: Increasing government initiatives globally aim to expand green spaces, driving the demand for eco-friendly lawn and garden equipment.
• US Government’s $1 Billion Grant: In April 2023, the US government allocated $1 billion to enhance access to trees and green spaces, promoting urban and community forests.
• Electric Equipment Encouragement: Green initiatives often advocate for the use of electric or battery-powered equipment, emphasizing environmental conservation.

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Focus on Product Innovations for Enhanced Services

• Virtual Boundary Robotic Lawn Mowers: Major companies like Husqvarna are introducing innovative products like virtual boundary robotic lawn mowers.
• Autonomous Operation: These mowers operate within predefined virtual boundaries, utilizing satellite navigation systems for precise and autonomous lawn care.
• Husqvarna’s Automower Nera: Released in October 2022, it offers a range of models catering to different lawn sizes, with advanced features controlled through a mobile app.

Market Shakeup: Bosch Acquires Husqvarna AB

• Strategic Acquisition: In January 2023, Bosch, a global technology company, acquired Husqvarna AB, emphasizing electrification in outdoor power products.
• Boosting Electrification: The acquisition aims to accelerate Husqvarna’s electrification journey and foster innovation in battery-powered outdoor equipment.
• Expanding Battery Cooperation: The collaboration seeks to strengthen Husqvarna’s position as a key player in outdoor power products.

Market Segmentation and Dominance:

• Product Types: The market is segmented into blowers, chain saws, cutters & shredders, tractors, lawn mowers, sprinklers & hoses, and other product types.
• Power Sources: Categories include manual, electric-powered, gas-powered, and other power sources.
• Operation Modes: Segments cover walk-behind, rider, and other operations.
• End Users: The market serves residential users, professional landscaping services, and other end-users.

Trends Shaping the Future of Lawn and Garden Equipment

• Sustainable and Eco-friendly Solutions: Growing consumer awareness drives demand for environmentally conscious gardening solutions.
• Aging Population Impact: The aging demographic contributes to increased interest in home gardening and low-maintenance equipment.
• Urban Gardening Surge: Urban dwellers increasingly turn to gardening, spurring demand for compact and versatile equipment.
• E-commerce and Online Sales: The convenience of online shopping further propels market growth, providing a wide range of products to consumers.
• Government Regulations and Extreme Weather Events: Stringent regulations and weather uncertainties influence the market, emphasizing the need for adaptable equipment.

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The Lawn And Garden Tractor And Home Lawn And Garden Equipment Global Market Report 2024  provides comprehensive insights on the lawn and garden tractor and home lawn and garden equipment market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the lawn and garden tractor and home lawn and garden equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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