Europe Electric Cordless Lawn And Garden Tools Market Expanding At A CAGR 14.1% From 2022 To 2030
Posted by Neha Bora on September 14th, 2022
San Francisco, 12 Sep 2022: The Report Europe Electric Cordless Lawn And Garden Tools Market Size, Share & Trends Analysis Report By Product (Lawn Mowers, Trimmers And Edgers, Chainsaws), By Battery Type, By End Use, By Region, And Segment Forecasts, 2022 - 2030
The Europe electric cordless lawn and garden tools market size is anticipated to reach USD 8.5 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 14.1% from 2022 to 2030. The rapid increase in lawn and garden redevelopment activities from the residential sector and commercial sector is increasing demand for trimmers and edgers and chainsaws for yard improvement which is a major factor expected to drive the market.
According to European Golf Association (EGA) report as of 2021 there are 8,914 golf courses in Europe and over 10 million golfers participate in the sports event. Golf course owners are focused on delivering better courses that call for tools such as trimmers, leaf blowers, and grass shears. Thus, increasing garden redevelopment activities from the residential sector and growing regional golf sports activities are factors anticipated to augment market growth. Also, government and public places such as gardens, parks, and sports stadiums need constant maintenance to provide aesthetic appeal. Likewise, busy professionals and aging households opt for lawn and garden maintenance services. Thus, increasing demand for landscaping services from the government and residential sector are factors expected to spur the demand for cordless lawn and garden tools during the forecast period.
Moreover, consumers' approach towards engaging themselves in repairing, maintenance, and remodeling activities of the residential backyard is expected to increase demand for garden tools. Also, the availability of advanced products and the outbreak of the pandemic COVID-19 encouraged DIY activities among consumers, and the introduction of new products from major players is expected to support market growth. For instance, Honda, a manufacturer of outdoor equipment announced the launch of the Honda Izy HRG 416 XB. The newly launched product is equipped with 4Ah of 6Ah Li-ion batteries making it lighter compared to other products.
The COVID-19 pandemic outbreak significantly impacted the growth of the target market in 2020, majorly due to the strict lockdown imposed by the government and the shutdown of manufacturing facilities. In 2021, the reopening of production facilities and increasing consumer spending on lawn activities showed promising growth in the market. However, in 2022 and 2023 the market is expected to witness noticeable growth due to the player’s approach toward enhancing the customer base.
Access Research Report of Europe Electric Cordless Lawn And Garden Tools Market @ https://www.grandviewresearch.com/industry-analysis/europe-electric-cordless-lawn-garden-tools-market-report
Europe Electric Cordless Lawn And Garden Tools Market Report Highlights
List of Key Players of the Europe Electric Cordless Lawn And Garden Tools Market
Access Press Release of Europe Electric Cordless Lawn And Garden Tools Market @ https://www.grandviewresearch.com/press-release/europe-electric-cordless-lawn-garden-tools-market-analysis
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About the AuthorNeha Bora
Joined: September 16th, 2019
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