Turf Care Equipment Market to Register Steady Growth during 2031

Market Report Summary

Market – Turf Care Equipment Market

Market Value – US$ 12.6 Bn in 2021

Market CAGR Value – 4% in 2021 to 2031

Market Forecast Year – 2021 to 2031

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Global turf care equipment sales are set to be valued at US$ 12.6 Bn in 2021, with a stable long-term projection, according to latest insights from Persistence Market Research. The report estimates the global turf care equipment market to expand at a steady CAGR of over 4% during 2021-2031.

In earlier times, the turf care equipment market has faced challenges such as durability and quality of the product, product availability, and price concerns. The market though gained pace as companies launched advanced products and the availability of these products become easier across the globe for end users. Manufactures have increased production capabilities due to rising demand, which led the market expand at a CAGR of over 3% during the last 5 years.

Technologies and innovations such as connected robotic mowers, a feature in which mowers can communicate amongst themselves whilst mowing a lawn, are gaining prominence. Several other new features by existing as well as emerging companies are likely to attract customers to switch to more advanced options. Companies around the world will follow this emerging trend to keep pace with the dynamic market environment.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Husqvarna AB, Honda Motor Co., Deere & Company, The Toro Company, MTD Products, Inc., Kubota Corporation, Briggs & Stratton Corporation, and BLACK+DECKER Inc and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Turf Care Equipment.

Key Takeaways from Study

• The global lawn equipment industry has experienced significant growth in recent years, especially in emerging markets, and this trend is expected to continue during the forecast period.

• Demand from the commercial sector has been increasing in recent years as a result of new technological advancements by various players, which have had a positive impact on the turf care equipment market.

• The global turf care equipment market is expected to be more competitive in the regional segment, with countries in East Asia, for example, experiencing substantial growth over the forecast period, attributable to rapid industrialization and urbanization.

• Mowers hold the largest market share because of the fact that more number of small businesses are switching to advanced options in order to expand their businesses.

• Golf turfs account for bulk of demand for turf care equipment, globally.

• Diesel is the more preferred fuel type used in these equipment, holding a market share of over 50%.

• North America leads the global market by a long way with over half the market share, followed by Europe with one-fourth market share.

• The markets in Germany, the U.K, and U.S. are all projected to expand at a CAGR of over 4% each through 2031.

"Upsurge in demand for lawn mowers in recent years from various end-use segments is expected to provide an impetus to turf care equipment sales. Substantial increase in the penetration of autonomous and connected mowers technology has brought about a shift from conventional lawn mowers to high-tech equipment, says a Persistence Market Research analyst.

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