Gardening and Agriculture Equipment Market Size, Share, Growth, And Industry Analysis, By Type (Field & Brush Mowers, Chipper & Shredders, and Leaf and Litter Vacuums), By Application (Agriculture & Horticulture and Gardening), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

Report Overview

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The global gardening and agriculture equipment market size was valued at USD 10160 million in 2022. As per our research, the market is expected to reach USD 11850 million by 2028, exhibiting a CAGR expansion of 2.6% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the automotive mirror market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Gardening and agriculture equipment encompass a wide range of tools and machinery designed to assist in various aspects of planting, cultivating, harvesting, and maintaining crops and plants. These tools and equipment are essential for both small-scale gardening and large-scale agricultural operations. 

The gardening and agriculture equipment market is a significant and diverse industry that plays a crucial role in supporting global food production, landscaping, and horticulture. The market includes a wide range of equipment, tools, and machinery designed for various agricultural and gardening tasks, catering to both commercial and residential needs. The gardening and agriculture equipment market is substantial and continues to grow due to the increasing demand for food, urbanization, and landscaping needs. The market size varies by region, with developed nations having more advanced and larger markets compared to developing regions.

COVID-19 Impact: Market Faced a Rise in Demand Due to Increased Home Gardening During the Pandemic

There was no single sector unaffected by COVID-19. The automotive mirror market was affected as well. Consumer preferences shifted during the pandemic. With lockdowns and social distancing measures in place, many people turned to gardening as a recreational activity. This surge in home gardening led to increased demand for gardening tools and equipment, including hand tools, seeds, and gardening supplies.

Latest Trends

"Usage of Precision Agriculture Technology to Bring Efficiency in the Market"

The Automotive mirror market is as dynamic as any market. In the market, there are everyday developments in the market to add more benefits to it.  Precision agriculture continues to be a major trend, with a focus on using technology such as GPS, sensors, and data analytics to optimize farming practices. Precision equipment allows farmers to make data-driven decisions about planting, irrigation, fertilization, and pest control, leading to increased efficiency and sustainability.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Field & Brush Mowers, Chipper & Shredders, and Leaf and Litter Vacuums.

In terms of services, Field & Brush Mowers are the largest segment, as it holds the maximum share of the market.

• By Application Analysis

Based on application, the market can be divided into Agriculture & Horticulture and Gardening.

Driving Factors

"Population Growth Has Increased Demand in the Market"

As the global population continues to increase, there is a growing need for efficient and sustainable agriculture to meet the demand for food and other agricultural products. This drives the demand for modern agriculture equipment and technology to increase productivity. As the global population grows, the demand for food products rises in tandem. This increased demand for food necessitates higher agricultural productivity to ensure an adequate food supply. To meet these demands, farmers require more efficient and advanced agriculture equipment to boost production.

"Urbanization Has Influenced the Demand in the Market"

Urbanization leads to shrinking agricultural land and a greater emphasis on maximizing yields from limited space. As a result, urban and peri-urban farming, as well as landscaping in urban areas, increase the demand for gardening and agriculture equipment suited for smaller spaces.  Urbanization has several significant effects on the gardening and agriculture equipment market, as it transforms the landscape and influences the way people engage in agriculture and gardening. This contributes to the gardening and agriculture equipment market growth.  

Restraining Factors

"Technology Integration Could Lead to a Declining Trend in the Market"

As technology continues to advance in agriculture, professionals need retraining to understand and operate increasingly complex and computerized equipment. This includes precision agriculture tools, GPS-guided tractors, automated irrigation systems, and data analytics platforms. As a consequence, there can be a declining trend in the market. 

Regional Insights

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"North America Region Dominates the Market Has Large Agricultural Sector"

North America has the largest Gardening and agriculture equipment market share as it has a substantial agricultural sector, with vast expanses of arable land. The United States, in particular, is known for its extensive farmland and diverse agricultural production. This large-scale agriculture necessitates a wide range of equipment, from tractors and harvesters to irrigation systems and precision farming technology. The U.S. is a leader in agricultural technology and innovation. North American companies invest heavily in research and development to create cutting-edge equipment, including precision agriculture tools, autonomous machinery, and digital farming solutions. These innovations are highly sought after in the global market. North America has a diverse range of crops and livestock production, from grains and oilseeds to fruits, vegetables, and livestock. This diversity drives demand for a wide variety of specialized equipment to cater to different agricultural needs. The North American agriculture industry has embraced mechanization to a significant extent. The adoption of large-scale machinery, including combines, tractors, and planters, has increased productivity and efficiency, further fueling the demand for agriculture equipment.

Key Industry Players

"Key Players Focus On Research and Development and Innovation For Global Expansion"

Key players invest heavily in R&D to innovate and improve equipment designs and technologies. They strive to develop more efficient, sustainable, and user-friendly equipment to meet evolving industry and consumer needs. Key players in the gardening and agriculture equipment industry, which often include major manufacturers and suppliers, play critical roles in various aspects of the sector. These roles encompass design, production, distribution, research and development, marketing, and customer support. Ensuring the quality and safety of equipment is paramount. Key players invest in cutting-edge technologies, such as automation, data analytics, and precision agriculture, to improve equipment efficiency and performance. Key players implement rigorous quality control measures and testing protocols to maintain product standards. Key players often expand their global reach by establishing subsidiaries, distribution centers, and partnerships in various regions. This allows them to tap into international markets.

List of Market Players Profile

• Husqvarna (Sweden)
• Honda Motor (Japan)
• Andreas Stihl (Germany)
• Briggs & Stratton (U.S.)
• Ohashi (Japan)
• EMB MFG (Canada)

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.