According to the recent research report titled ‘Lawn & Garden Equipment Market Size By Power (Manual, Electric-powered, Gas-powered), By End-use (Residential, Golf Courses, Playgrounds), By Operation (Walk-behind, Rider), By Product (Blowers, Chain Saws, Cutters & Shredders, Tractors, Lawn Mowers, Sprinkler & Hoses), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global lawn & garden equipment market size is expected to grow manifold over 2021-2027.
 

Increasing homeownership rate, and inclination of manufacturers towards technological upgradation of products are primarily driving global lawn & garden equipment market growth.
 

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Speaking of recent developments, the outbreak of COVID-19 pandemic has led to workforce shortage in key areas, negatively affecting industry participants to some extent. Several businesses are incorporating next-generation solutions, such as autonomous technology into their products, to overcome the setback.
 

In fact, Scythe Robotics Inc., a Colorado-based robotic landscaping company, announced the debut of a zero-emission, self-driving lawn mower in June 2021. The firm, which has raised USD 18.6 million in funding from investors including True Venture, Inspired Capital, and others, plans to sell the self-driving mower through a Robot-as-a-Service (RaaS) model.
 

Furthermore, major contenders are implementing various strategies to explore the growing markets, further augmenting worldwide lawn & garden equipment industry share. Citing an instance, Husqvarna Group, a leading robotic mower manufacturer, increased its investment and ownership in Robin Autopilot USA, a smart lawn care provider, in June 2021.
 

Elaborating on power gamut, manual segment currently holds 10% market share and is predicted to expand further over the coming years. The demand for the equipment is projected to surge with increasing diversity of vegetation in commercial and residential spaces. Furthermore, manually operated equipment is environment friendly and quiet, which would encourage producers to provide more product iterations to meet consumer demands.
 

Based on product type, global lawn & garden equipment market share from chain saws segment is expected to register a compound annual growth rate of 5% over 2021-2027, creditable to advancements in battery technology that have led to development of innovative lightweight chain saws ideal for lawn care equipment.
 

Geographically, Latin America industry is projected to record 4.5% CAGR through 2027, owing to weather conditions that encourage the growth of various plants, further boosting the demand for lawn & garden equipment.
 

Lastly, the report also includes a thorough scrutiny of competitive landscape, with information pertaining to major industry players, their business profiles, product portfolio, and market position. Strategies such as acquisition, merger, collaboration, and investment incorporated by the firms to enhance their revenue stake in the marketplace are also elaborated.