garden shredders market REPORT OVERVIEW
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The global garden shredders market size is expected to grow from USD 4303.2 million in 2022 and market is projected to touch USD 5508 million by 2028, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.
Garden shredders are used to shred garden waste such as leaves, trimmings, leaves, small branches, and roots. This material can be reused in the form of fertilizers and natural composts. They are also known as chippers or mulchers.
Increased demand for the equipment in residential and commercial use is estimated to fuel market growth. The material has numerous improved features and vast online availability is predicted to surge market progress. Further, growing demand from SMEs and various industry verticals is projected to witness a lucrative growth opportunity for the market. Rapid technological advancements in equipment such as improved noise blades are expected to drive market growth. Increased demand for gas garden shredders to create compost or compost and high demand for organic food products is predicted to fuel market growth. An increase in disposable income coupled with growing construction and housing projects is estimated to expand market growth in the forthcoming years. In addition, changing lifestyle and high adoption of the equipment in commercial use for its advanced features is projected to witness steady growth. However, the presence of a substitute in the market is expected to hamper garden shredders market growth over the forecast period.
COVID-19 Impact: Lockdown Restrictions and Shutdown of Construction Activities to Hamper Market Growth
An outbreak of the COVID-19 pandemic hampered market growth owing to the shutdown of construction activities. Lockdown restrictions and social distance protocols to reduce product demand. Lower demand for the equipment during the pandemic period impacted market growth. The market underwent several supply chain disruptions coupled with fluctuation of raw material prices to implied market growth. These factors restricted market progress during the pandemic period.
LATEST TRENDS
"Increased Demand for Organic Food to Stimulate Market Growth"
Growing awareness about the benefits of organic food is estimated to fuel market growth. The equipment is used to shred leaves and reduce the size of branches, leaves, and other organic matter. Such broad usage of the equipment is projected to drive market growth. The product is used for small quantities of fruits, vegetables, herbs, and nuts and also can be used on large scale as per requirement. Further, increased awareness about organic products and the health benefits associated with organic products is expected to fuel market growth. The product is helpful in gardening and cutting vegetables in perfect shape. These advantages of the equipment are anticipated to accelerate market growth over the forecast period. Rapid advancement in equipment and growing innovation are projected to drive garden shredders market progress.
garden shredders market SEGMENTATION
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- By Type
Based on type, the market is divided into gas garden shredders and electric garden shredders.
Gas garden shredders are estimated to be the leading part of type segmentation.
- By Application
Based on application, the market is classified into commercial users and residential users.
Commercial users are estimated to be the leading part of application segmentation.
DRIVING FACTORS
"Growing Demand for Electric Garden Shredders to Fuel Market Performance"
Increased demand for electric garden shredders to destroy unwanted plants and their parts such as leaves, roots, branches, and trunks is expected to expand market growth. The equipment helps to clean the garden area and protect the plants from damage by cutting the unwanted parts. The product has different attachments which can be adjusted that help in cutting according to the required sizes or shapes. Such advanced features of the equipment are predicted to propel market growth. High acceptance of the innovative product is anticipated to surge garden shredders market growth.
"Rapid Urbanization and Government Initiatives to Magnify Market Growth"
Increasing urbanization and a rise in disposable income are estimated to propel market growth. Growing construction activities and increased housing projects are predicted to fuel market growth. High demand for the equipment in residential applications for small and large-scale developments is estimated to accelerate market growth. Changing lifestyle and government regulations to adopt advanced technology. Further growing demand to reduce human labor and increased work efficiency. Such factors are anticipated to surge market growth in the upcoming years. Growing spending on home improvement activities coupled with high adoption of the equipment in both public parks and private gardens are projected to drive market growth. An increase in demand for waste disposal services coupled with high demand to keep garden areas clean is anticipated to surge market growth. Further, increasing gardening activities worldwide are projected to drive garden shredders market growth in the forthcoming years.
RESTRAINING FACTORS
"Presence of A Substitute to Restrict Market Expansion"
The presence of a substitute in the market is expected to hamper market growth over the forecast period.
garden shredders market REGIONAL INSIGHTS
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"Increased construction Activities in Asia Pacific to Drive Market Share "
Asia Pacific is anticipated to account largest garden shredders market share owing to increased construction activities in India and China. The rise in disposable income and government initiatives to adopt the equipment in the garden space is predicted to propel market growth. Growing demand from SMEs and various industry verticals is projected to witness a lucrative growth opportunity for the market. Rapid technological advancements in equipment such as improved noise blades are expected to drive market growth. Increased demand for gas garden shredders to create compost or compost and high demand for organic food products is predicted to fuel market growth.
Europe is anticipated to witness steady growth due to the high acceptance of innovative products. Increased spending on home improvement activities in the U.K. and Germany is projected to drive market growth over the forecast period.
KEY INDUSTRY PLAYERS
"Leading Players Adopt Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- MTD (U.S.)
- Ozito Industries (Australia)
- Robert Bosch (Germany)
- STIHL (Germany)
- Titan Pro (India)
- Scheppach (Germany)
- Infed Systems (India)
- YAMABIKO Corporation (Japan)
- Kovai Classic Industries (India)
- Rivim
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In | US$ 4303.2 Million in 2022 |
Market Size Value By | US$ 5508 Million by 2028 |
Growth Rate | CAGR of 4.2% from 2022 to 2028 |
Forecast Period | 2022-2028 |
Base Year | 2021 |
Historical Data Available | Yes |
Segments Covered | Type and Application |
Regional Scope | Global |
Frequently Asked Questions
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What value is the garden shredders market expected to touch by 2028?
The global garden shredders market is expected to reach USD 5508 million by 2028.
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What CAGR is the garden shredders market expected to exhibit by 2028?
The garden shredders market is expected to exhibit a CAGR of 4.2% by 2028.
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What are the driving factors of the garden shredders market?
Drivers of this garden shredders market are growing demand for electric garden shredders and rapid urbanization and government initiatives.
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Which are the top companies operating in the garden shredders market?
MTD, Ozito Industries, Robert Bosch, STIHL, Titan Pro, Scheppach, Rivim, Infed Systems, YAMABIKO Corporation, and Kovai Classic Industries are the top companies operating in the garden shredders market