The latest market report published by Credence Research, Inc. “Global Garden Hand Tools Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global garden hand tools market is anticipated to grow at a substantial CAGR of 4.6% in the upcoming years. The global Garden Hand Tools industry was estimated to be worth USD 12.9 billion in 2022 and is expected to be USD 17.7 billion by 2030.
Garden hand tools market refers to the industry involved in the manufacturing, distribution, and sale of tools specifically designed for gardening and horticultural tasks. Garden hand tools are handheld tools that assist gardeners and homeowners in various gardening activities, including digging, planting, pruning, weeding, and maintaining the overall health of plants and lawns. Market is driven by factors such as the increasing popularity of gardening as a recreational activity, growing awareness about the benefits of gardening for mental and physical well-being, and the trend of urban gardening and smaller-scale horticulture.
North America dominates the market for garden hand tools due to the region’s high living level and rapid growth in building new homes. Due to the rise in disposable income and accessibility of cheap labor in this region, Asia-Pacific is predicted to have significant growth from 2022 to 2030.
The global Garden Hand Tools Market is bifurcated into Type, Application and Geography. Based on Type the market is categorized into Power Tools, Hand Tools, Garden Accessories & Other. Based on Application the market is categorized into Residential Segment, Commercial Segment & Municipal Segment. Based on geography, the market is categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Garden Hand Tools Market Drivers are varied and dynamic. The increasing demand for homegrown produce, coupled with the rise in urban gardening, is a significant driver of this market. As more people are investing time and effort into their gardens, the need for efficient garden hand tools has become crucial. Additionally, technological advancements have led to the development of ergonomic and lightweight tools that reduce fatigue while working in the garden. Moreover, the growing awareness regarding sustainable living practices has also contributed to an increase in sales of eco-friendly hand tools such as those made from recycled materials or designed for solar power usage.
The growth of the global garden hand tools market can be attributed to several factors:
- Increased Interest in Gardening: With more people taking an interest in gardening as a hobby and a means of stress relief, particularly during the COVID-19 pandemic, the demand for garden hand tools has increased.
- Rise of Urban Gardening: Urban gardening and vertical farming trends in cities, driven by limited space and the desire for homegrown produce, have led to increased use of garden hand tools.
- Home Improvement Trends: Homeowners worldwide are investing more in outdoor spaces, including gardens and backyards. This trend has been further accelerated by the increase in remote work, leading to more people spending time at home.
- E-commerce Growth: The convenience of online shopping, along with a broad variety of tools to choose from, has made garden hand tools more accessible to consumers, thus driving market growth.
- Sustainable and Organic Farming: An increasing trend towards sustainable and organic farming practices requires the use of garden hand tools, fueling demand in the market.
- Government Initiatives: In some regions, government initiatives are encouraging citizens to engage in gardening and farming activities, which boosts the demand for garden hand tools.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Garden Hand Tools Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the basis of Type and Application
- Major nations in each region with their import/export statistics
- The global Garden Hand Tools Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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