LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cordless garden equipment market and it is poised to grow by $ 512.38 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ANDREAS STIHL AG & Co. KG, Blount International Inc., Deere & Co., Emak Spa, Hitachi Ltd., Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Robert Bosch GmbH, and The Toro Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Product innovation and portfolio expansion has been instrumental in driving the growth of the market. However, fluctuations in raw materials prices might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Cordless Garden Equipment Market 2020-2024: Segmentation
Cordless Garden Equipment Market is segmented as below:
- Lawn Mower
- Trimmer And Edger
- Brush Cutter
- North America
- South America
Cordless Garden Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cordless garden equipment market report covers the following areas:
- Cordless Garden Equipment Market Size
- Cordless Garden Equipment Market Trends
- Cordless Garden Equipment Market Industry Analysis
This study identifies numerous marketing campaigns to increase product awareness as one of the prime reasons driving the cordless garden equipment market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Cordless Garden Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information