According to the latest market research report by Technavio, the global hedge trimmer market is expected to grow at a CAGR of close to 5% by 2020.

In this report, Technavio covers the present scenario and growth prospects of the global hedge trimmer market for 2016-2020. To calculate the market size, Technavio analysts have considered the revenue generated through sales of hedge trimmers, such as corded hedge trimmers, cordless hedge trimmers, and Gas-powered hedge trimmers.

“More disposable income means that even individual or residential users will be increasingly inclined towards landscaping during the forecast period. Landscaping services have largely grown on account of the rising emphasis on providing aesthetic appeal to residential and commercial properties. It is to be noted that landscaping can increase the value of the property by almost 11%-12%,” said Abhay Sinha, Technavio’s senior industry analyst for agricultural equipment.

”As a result, the landscaping of lawns and gardens has gained considerable momentum over the years. Landscaping also requires regular maintenance to preserve its appearance and appeal. To fulfill these requirements, the demand for garden equipment such as hedge trimmers will witness a rise during the forecast period,” added Abhay.

North America: largest contributor for the global hedge trimmer market

According to the key findings of this research study, North America will continue to dominate the market until 2020 with a share of close to 58%. North America is one of the most urbanized landscapes in the world with close to 80% of the population, specifically in US and Canada residing in cities. Rapid urbanization in the region drives the focus on maintaining biodiversity and the fragile eco system. Thus, the popularity of landscaping in this region fuels the growth of the overall hedge trimmer market.

In 2009, sales in the US landscaping services market in particular fell nearly 7% due to the economic recession. The market recovered from that plunge with a sales growth of about 12% in 2013. Since then, the economy has moved further ahead and has once again led to a rise in the demand for new homes and offices across the country. This rise in the construction industry has indirectly led to more demand for landscaping services, which we believe will also lead to more demand for garden equipment like hedge trimmers.

The hedge trimmer market in Europe to reach close to USD 368 million by 2020

There has been an increase in construction activity in Europe. New residential construction in Europe is expected to grow by 3.2% until 2016. The population in this region is largely investing on renovation of old houses and lawns. This trend is expected to result in more landscaping activity in Europe. Another factor that we believe will positively impact the hedge trimmers market in Europe is the region’s growing aged population segment. By 2040, more than one in seven Europeans will be aged 75. Typically, this age group tends to prefer gardening as a recreational activity, which drives the prospects for hedge trimmers.

Additionally, the region has witnessed a surge in the tourism industry. Tourism plays a key role in Europe’s economy. Travel and tourism contributed close to USD 1,512.4 billion to Europe's GDP and the tourism market witnessed nearly 588 million tourist arrivals in 2014. Investments for beautification and enhancement of parks and gardens in public, residential, and commercial areas are predicted to rise over the next four years. This trend is predicted to positively impact the hedge trimmer market in Europe.

Browse related reports:

  • Global Brush Cutter Market 2015-2019
  • Global Chainsaw Market - Market Research Report 2015-2019
  • Power Lawn and Garden Equipment Market in the US 2015-2019
  • Power Lawn Mower Market in China 2015-2019

Purchase any three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.