The global market for the edging tool market is estimated to be worth USD 11,691.3 million in 2021 and is anticipated to reach a value of USD 15,865.3 million by 2031. Sales are projected to rise at a CAGR of 3.1% over the forecast period between 2021 and 2031. The revenue generated by the edging tool market in 2020 was USD 11,507.1 million. The industry is anticipated to exhibit a Y-o-Y growth of 1.6% in 2021.
Global Edging Tool Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 (A) | USD 11,507.1 million |
| Estimated Size, 2021 (E) | USD 11,691.3 million |
| Projected Size, 2031 (F) | USD 15,865.3 million |
| Value-based CAGR (2021 to 2031) | 3.1% |
The target market is segmented under application, price range, and distribution channel. The market is further sub-categorized under these segments to provide a granular aspect which will benefit the businesses operating in the market to improve on their products, gain a competitive edge over other players, and grasp a major portion of the market, in parallel.
The edging tool market is growing, underpinned by the rising need for professional landscaping and gardening services. These tools are crucial in giving well-defined straight lines at lawn and garden boundaries, as well as the pathways across the landscape. As more people embrace home gardening and doing their landscaping at home they are opting to use quality edgers to give the job a professional touch. The technological advancement and increased use of ergonomics when designing the market also give new farmers and landscapers better control and durability.
The competitive landscape of the edging tool market is characterized by a mix of established players and emerging brands, each vying to capture a share of this growing segment. Key players in the market include Wagner Group, Painthelpers Accubrush, EMERY EDGERS, and Shur-Line, among others. Key companies compete on factors such as design innovation, material quality, and brand reputation.
The industry is set to experience upward growth during the forecast period. It is projected to create an incremental opportunity of USD 4,174.0 million and is predicted to rise approximately 1.4 times the current market value through 2031.
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Increasing the infrastructure building by favorable macro-economic conditions such as increasing access to credit, increasing disposable income and low-interest rates drive the edging tool market. These edging tools are helpful to make clean and quick paint edges around window trim, baseboards, ceilings and doors.
Furthermore, rapid advancement in technology improved the design of painting products including edging tools. Also, many prominent players invested in the research and development activity to launched advance edging tools.
For instance, EMERY EDGERS has developed a painting tool that dramatically outperforms other competitors. The company designed a painting tool to quickly paint perfect edges without tape. The company claims that its edger is able to tackle 100% of trim. This helps the company to attract more customers in the market and gain a competitive advantage.
Good and clean paint of living space helps the member to improve their hospitality and increases the motivation and interest level towards the work. Furthermore, edging tools keep the ceiling trim and clean.
In ancient time painter cover or tape the edges of the baseboard, window and door trim, ceiling before cutting in the perimeter. Instead with the painting edging tool time as well as the tape is saved.
Furthermore, the growing population of millennials and youth is also the influencing factor for growing the trade of painting tools around the globe. As these generations are regularly using social media platforms, where they find more ideas for the new product launch in the market and also, get to know about the benefits of the edging tools.
For the same, players are also strengthening their presence on social media accounts to update their new launches for more familiar to the customers and encourage them to purchase the products.
Principal Consultant
The world is facing unprecedented health, economic, and environmental emergencies as a result of the covid-19 pandemic. The USA and Canada governments have taken a number of efforts to interrupt the coronavirus's immunoassay chain of transmission sales and stop it from spreading, including imposing curfews and lockdowns, as well as closing international trade.
However, because the majority of individuals in the United States work from home and have free weekends, the majority of people are redesigning their homes during the pandemic, allowing the players to earn more money. Due to expanding client interest, demand for painting tools and accessories and the do-it-yourself trend is increasing in the United States.
Due to the fast-changing lifestyle and urbanization, the possessions of the houses are also growing in the United State and this factor has fueled the market of edging tools in the next ten years.
Europe is the primary market for painting tool accessories including edging tools. The increasing investment in the infrastructure and construction sectors including residential, commercial and industrial buildings in the region are driving the market demand.
Furthermore, the growth of the real estate industry in Europe is another factor responsible for the growth of the edging tool market. The majority of European people are accessing e-commerce platforms for easy access to painting products as well as wider availability of accessories has also fueled the trade growth.
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The global market share of painting tools including edging tools is highly competitive due to the presence of prominent players in the market. Some of the leading manufacturers and suppliers of edging tools include
The key players are involved in various business portfolio expansions, new product launches, long-term agreements and mergers and acquisitions to gain a competitive advantage in the market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Edging Tool Market
