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Gardening and Agriculture Equipment - Global Market Trajectory & Analytics

  • ID: 5028109
  • Report
  • April 2021
  • Region: Global
  • 279 Pages
  • Global Industry Analysts, Inc
Global Gardening and Agriculture Equipment Market to Reach $44.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Gardening and Agriculture Equipment estimated at US$35.5 Billion in the year 2020, is projected to reach a revised size of US$44.6 Billion by 2027, growing at a CAGR of 3.3% over the analysis period 2020-2027. Walk Behind Wheeled String Trimmers, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$13.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Field & Brush Mowers segment is readjusted to a revised 3.3% CAGR for the next 7-year period.



The U.S. Market is Estimated at $9.6 Billion, While China is Forecast to Grow at 6% CAGR

The Gardening and Agriculture Equipment market in the U.S. is estimated at US$9.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Chipper & Shredders Segment to Record 2.8% CAGR

In the global Chipper & Shredders segment, USA, Canada, Japan, China and Europe will drive the 2.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.6 Billion in the year 2020 will reach a projected size of US$7.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.2 Billion by the year 2027, while Latin America will expand at a 3.6% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • AGCO Corporation
  • Andreas Stihl AG & Co. KG
  • Befco, Inc.
  • Briggs & Stratton Corporation
  • Deere & Company
  • EBM Manufacturing
  • Generac Power Systems, Inc.
  • Hitachi Construction Machinery Co., Ltd.
  • Honda Motor Co., Ltd.
  • Husqvarna AB
  • Kubota Corporation
  • KUHN SA
  • Mahindra & Mahindra Ltd.
  • Ohashi Inc.
  • Protero Inc.
  • Robert Bosch GmbH
  • The Toro Company
Frequently Asked Questions about the Global Market for Gardening and Agriculture Equipment

What is the estimated value of the Global Market for Gardening and Agriculture Equipment?

The Global Market for Gardening and Agriculture Equipment was estimated to be valued at $35.5 Billion in 2020.

What is the growth rate of the Global Market for Gardening and Agriculture Equipment?

The growth rate of the Global Market for Gardening and Agriculture Equipment is 3.3%, with an estimated value of $44.6 Billion by 2027.

What is the forecasted size of the Global Market for Gardening and Agriculture Equipment?

The Global Market for Gardening and Agriculture Equipment is estimated to be worth $44.6 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown