Garden power tool is a kind of power tool used for garden greening, trimming, gardening, etc.
Global Market:
The global market for garden power tools (including garden tool spare parts such as trimmer line, trimmer head, etc) was about $5 billion in 2019 and is expected to reach $7 billion by 2025, with a compound annual growth rate of 7.6%. Among them, North America is the world’s largest garden power tools market, accounting for about 40% of the market share, followed by Europe and Asia Pacific, accounting for 30% and 30% of the market share, respectively.
In China, the garden power tool industry is also a rapidly developing industry. China is one of the world’s largest landscape construction markets, so the demand for garden power tools is also quite large. In 2019, the market size of China’s garden power tools was about 1.5 billion yuan, and it is expected to reach 3 billion yuan by 2025, with a compound annual growth rate of 13.8%.
Competitive landscape:
At present, the competitive pattern of the global garden power tools market is more dispersed. Major competitors include large companies such as Black & Decker of the US, Bosch of Germany and Husqvarna of China, as well as some local players. These enterprises have strong strength in technology research and development, product quality, brand influence and other aspects, and the competition is fierce.
Future development trend:
1. Technological innovation: With the continuous progress of technology and the improvement of intelligence level, the research and development and application of garden power tools will also be more and more intelligent and digital. In the future, garden power tools enterprises will strengthen technological innovation and application promotion, and improve the technical content and added value of products.
2. International development: With the continuous opening of China’s capital market and the continuous expansion of the international market, garden power tools will also be more and more international. In the future, garden power tools enterprises will strengthen international cooperation and expand overseas markets, and introduce more international products and solutions.
3. Diversified application: With the continuous expansion of application scenarios, the demand for garden power tools will also be more and more diversified. In the future, garden power tool companies will strengthen cooperation with different industries and launch more diversified products and solutions.
Post time: Sep-28-2023