Lawn Care Products Market to Grow at 6.5% CAGR by 2030
The advancements in technologies related to landscaping services play a crucial role in the growth of the lawn care products market.
According to a new research report by Next Move Strategy Consulting, the Lawn Care Products Market was valued at USD 40.46 billion in 2022, and is expected to reach USD 68.65 billion by 2030, with a CAGR of 6.5% from 2023 to 2030.
The major benefits associated with lawn care products include improving the soil structure, trapping stormwater runoff, curbing carbon dioxide emissions, and cleaning the air. These benefits act as the key driving forces of the global lawn care products market. In addition, a rising inclination towards landscaping is expected to boost the market growth.
On the contrary, the high cost of lawn care products hinders the market growth. However, the rise in the implementation of smart lawn care technologies to improve the efficiency and effectiveness of lawn care and landscaping services is expected to create growth opportunities for the market players in the future.
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According to the report, the leading market players in the manufacturing of lawn care products market are Makita Corporation, Stanley Black and Decker, Inc., Toro Company, Kubota Corporation, Emak Group, Husqvarna Group, Deere & Company, Briggs & Stratton Corporation, Honda, and Robert Bosch GmbH.
Key Insights from the Lawn Care Products Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the lawn care products market is provided in the report.
The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
The competitive analysis of the market players along with their share in the lawn care products market is mentioned.