The comprehensive scope and research methodology of the Germany gardening tools Market report lay the foundation for a detailed and insightful analysis of the industry. The report's scope encompasses a broad spectrum, delving into various types of coffee machines, applications, and end-user segments, providing a comprehensive view of the market landscape. The research methodology employed adheres to rigorous standards, involving a mix of primary and secondary research, market surveys, and data triangulation to ensure accuracy and reliability. This robust methodology enables the extraction of valuable insights into market trends, competitive landscapes, and emerging opportunities, providing stakeholders with a holistic understanding of the Germany gardening tools industry. The report's scope and research methodology act as pillars supporting the generation of actionable intelligence for businesses and decision-makers in the Germany gardening tools market.
The gardening tools sector is forecasted to experience a Compound Annual Growth Rate (CAGR) of 4.51%, potentially reaching a market worth of USD 112.09 billion by the year 2027.
Prominent players in the global gardening tools market include Fiskars Group (Finland), Husqvarna AB (Sweden), Falcon Garden Tools Pvt Ltd. (India), Ribe Energy Machinery SL (Spain), ILAGA Supplies (Spain), Stanley Black & Decker, Inc. (US), Ingersoll Tillage Group, Inc. (Canada), Bully Tools, Inc. (US), Zenport Industries (US), and Griffon Corporation Inc. (US).
Market segmentation:
The Global Gardening Tools Market is segmented based on product type, end-use, tool holder and distribution channel.
According to the product type:
- Chain Saw
- Lawn Mowers
- Vacuums & Sweepers
- Blowers
- Striking & Digging Tools
- Pruning Tools
- Others
According to the end-use:
- Residential
- Commercial
According to the tool holder:
- Hand Tools
- Engine Tools
According to the distribution channel:
- Non-Store-Based
- Store-Based
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Regional analysis:
The Global Gardening Tools Market is divided into North America, Asia-Pacific, Europe, and the Rest of the World.
North America had the largest gardening tools market share in 2020. During the forecast period, the regional market is expected to expand at a CAGR of 4.10%. North America dominates the market share with the growing demand for gardening tools. Industry players are making acquisitions to expand their product portfolios. As a result, the major factors expected to propel the gardening tools market in North America are geographic and political changes, demographic suitability, and the deployment of advanced technology.
Europe contributes significantly by increasing community participation in green spaces and landscaping expenditures. Increased emphasis on product development and R&D by industry players to gain market share will aid market growth. Furthermore, with technological advancements, rising disposable income in the region, and an aging population spending more time in gardens, sales of gardening tools will skyrocket during the review period.
Recent Developments
Few developments that occurred in recent times influencing the market growth of gardening tools are listed below:
- In August 2019, Stanley Black & Decker acquired the remaining 80 percent ownership stake in MTD Holdings Inc. The acquisition is aimed to increase the presence and manufacturing capacities of the company.
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