Hedge Trimmers Market Forecast and CAGR
According to the newest research by Fact.MR the demand for Hedge Trimmers is expected rise with a CAGR of 5 to 7% in the forecast period 2021-2031. The consumption rate will see a healthy rise in the near future and, with an optimistic and egregious growth outlook in the long run.
What is the driving factor for the demand for Hedge Trimmer?
Hedge Trimmers market growth will be fueled by increasing interest in DIY activities related to gardening which in turn has resulted in increased spending on gardening tools. Moreover, the power enabled gardening tools have found immense popularity in terms of their usage at affordable price has advocated their demand. Growth of urban farming and landscaping of urban public spaces has been instrumental in further development of hedge trimmers market.
Moreover, in the coming years, the market will benefit from a significant rise in the manufacturing of gardening equipment and technical advancements in conventional equipment.
Individuals have become more involved in planting as a result of battery-powered trimmers and lightweight gardening equipment are in constant demand. The electronic hedge trimmer is a dependable and powerful tool that offers excellent services for trimming shrubs, hedges, and bushes, resulting in development in the electric segment of the market.
Rising Demand for Landscaping in Commercial Areas to Support New Sales
The demand for landscaping is rising in order to provide an aesthetic appeal to commercial properties. This is expected to drive the global hedge trimmer market considerably.
For instance, the potential of infrastructure construction activities, public gardens, tourism and hospitality infrastructure, amusement parks, and other similar services has grown exponentially and is expected to continue to do so in the future.
US and Canada Market Outlook
The U.S. and Canada in the last few years has seen the rise of residential end users, which include DIY enthusiasts and homeowners. These end users dominated the market until now. Although the commercial end users of North America, which include amusement park, public hotspots, landscape service providers, lawn and tree care providers, etc. will show promising figures in the forecast period. The segment will leave salubrious effect on the market in forecast period 2021-2031.
The construction sector's recovery in the United States would have an effect on sales in 2021. The building industry in the United States is expected to have a difficult year, but there is increasing hope that low mortgage rates will lead to a rebound in early 2022.
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Europe Demand Scenario
In Europe, the outdoor power equipment industry is transitioning from fuel-powered to electric-powered equipment due to rising environmental issues and a growing number of stringent government regulations related to carbon emissions. The electric segment of hedge trimmer will have ameliorating effect on its market in the forecast period 2021-2031.
The region was severely affected by Covid-19 pandemic outbreak and is still adjusting to new normal. The silver lining being, construction industry in Europe is leading the hedge trimer market to grow at a faster pace than the U.S. market especially in the electric segment of the market.
Extensive research and development from companies like Husqvarna AB, LEA-Europe, etc. in eco-friendly product will drive the market in Europe. The government being an impulse producer for eco-friendly outdoor power equipment is driving the manufacturers to make emphasis on electric hedge trimmers.
Who are the Key Manufacturers and Suppliers of Hedge Trimmer?
Some of the leading manufacturers and suppliers of hedge trimmers include
- The Toro Company
- Husqvarna AB
- Robert Bosch
- Stanley Black and Decker
- Zhejiang Zomax Garden Machinery
- O O Power Machinery Co.Ltd
- Makita Corporation
- Maruyama and many more.
The behemoth manufacturers are focused more in acquiring numerous small manufacturers to gain market lead. This has been the key strategy of expansion used by many market players present in the market. The electric hedge trimmer is expected to be a prominent segment in electric gardening tools in the forecast period as the companies have strong capabilities of research and development in the field of outdoor power equipment.
An Adaptive Approach to Modern-day Research Needs
Hedge Trimmers Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Interested to Procure The Data
By Power Source
By Blade Length
- Up to 46 cm
- 47 to 56 cm
- Above 56 cm
By Size of Hedge
- North America
- Latin America
- South Asia & Pacific
- East Asia
- South Korea
- Middle East and Africa
- GCC Countries
- Northern Africa
- South Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.