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The global lawn & garden watering equipment market is observing radical growth attributable to the rising requirement for eco-friendly and efficient irrigation solutions and growing attention towards watering waste reduction. Lawn & garden watering equipment is a kind of gardening tool. It is widely used in horticulture and farming. They are accessible in a wide range of size, style, and prices. These devices are utilized for maintaining gardens and lawns. They are offering essential tools and systems for keeping outdoor spaces healthy.
Shortage of Water and Technological Advancement Impel Market Growth
The growing aspect for market growth is the rising apprehension regarding scarcity of water worldwide. This is leading to employment of effective watering devices that assist in supply of water optimally as well as helps in maintaining plant health. In addition, imposition of government policies and their subsidies are endorsing implementation of the solution, fostering market growth. They are presenting subsidies to install water-preserving technologies and improve the effectiveness of watering instruments.
Furthermore, embracing advanced technologies into the equipment is fueling market growth. They are providing innovative solutions such as smart irrigation technologies including IoT-enabled devices, automated systems, and others. It not only improves efficiency of tools but also makes them convenient, which is drawing the attention of commercial and residential users. In addition, rising urbanization and ongoing trend of landscaping activities are fostering market growth. The demand for user-friendly devices along with aesthetically pleasing watering solutions is encouraging manufacturers to produce diverse tools and expand their market growth.
High Initial Costs and Lack of Awareness and Knowledge Impede Market Growth
The off-putting factor for market hindrance is the rising upfront investment for making advanced systems. Manufacturing of sophisticated tools utilizes advanced components and premium materials are increasing the final product’s cost. This is deterring small-scale firms and price-sensitive customers from adopting the solution.
Furthermore, shortage of technical knowledge about operating techniques and least awareness regarding the tools are hampering market growth. In developing regions many people are unaware about the modern watering techniques. In addition, rising potential of technical issues and regular maintenance are posing obstacles for running automated systems. These hurdles are discouraging end-users to employ and consequently impeding market growth.
Incorporation with Smart Home Systems and Product Diversification Create Opportunity for Market Growth
One of the significant opportunities for market growth is the rising integration of the equipment into smart-home systems. Makers are developing watering tools which can be compatible with the advanced-home scheme that is promoting the ecosystem. This is enhancing users’ convenience to control the process easily. This is attracting tech-savvy customers and encouraging producers to expand their market growth.
Furthermore, manufacturers are diversifying their products to expand their market presence. It is presenting great options for manufacturers to produce various ranges of tools that fulfill the desired requirement. It includes eco-friendly materials and provides multifunctional tools which are drawing the attention of environmentally conscious customers. In addition, rising emerging markets in developing regions is propelling market growth. It is providing tools in untapped areas at affordable prices to customers who are having restricted budgets.
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The report covers the following key insights:
Based on type, the lawn & garden watering equipment market is divided into pipe/garden hose, faucets, showers, hoze nozzles, rain barrels, sprinklers, water pumps, watering cans, watering wands, and others.
The sprinklers segment is leading in the market, driven by its ability to cover wide areas efficiently and commonly used tools. It is helpful and suitable to maintain gardens or lawns for homeowners and other areas.
The hoze nozzle segment is significantly growing in this market owing to its controlling property of water flow and spray patterns. It is in demand due to rising water conservation and convenience of automated watering.
Based on application, the lawn & garden watering equipment market is divided into residential and commercial.
Residential is the dominating segment in the market due to intensifying fondness for the device for home-gardening. Rising awareness of environmental sustainability and fondness for aesthetically appealing outdoors is boosting segment growth.
The commercial segment is projected to expand, attributed to the existence of numerous public places such as parks, golf courses, and others. Mounting requirements for maintenance of health and appearance of extensive green space are increasing demand for the devices.
Based on distribution channel, the lawn & garden watering equipment market is divided into specialty stores, home centers/hardware stores, supermarkets & hypermarkets, online/e-commerce, and others.
The supermarkets & hypermarkets dominate in this segment due to its popularity for providing watering products in a wide variety. It enables customers to purchase tools with convenient shopping experiences.
The online/e-commerce segment is gaining traction in the market owing to their facilities to browse products easily and compare products comfortably to their homes. It is increased specially in the COVID-19 pandemic period.
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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the dominating region in this market driven by widespread acceptance of smart irrigation technologies. Rising high emphasis on water conservation by the government is encouraging implementation of the systems. In addition, increasing investment in landscaping and agriculture is fostering market growth.
Europe is witnessing substantial market growth due to the imposition of stringent regulation on environment protection by the government. Rising inclination of customers to urban gardening is heightening demand for the tool. Moreover, increasing government incentives for practicing sustainability by various organizations is propelling market growth.
Asia Pacific is expected to grow at a fastest growth rate in this market attributed to swift urbanization. The growing rate of agricultural activities in various countries is fostering market growth. Additionally, rising support from government policies are promoting utilization of efficient water usage, fostering market expansion.
The report includes the profiles of the following key players:
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